The new quarter begins on the markets, watch out for US data to continue the record run

MILANO – The best first three months of 2019 archived (with index Msci global shares up 7.7%), and the Easter holiday is over, the price lists start the second quarter of 2024. Starting again, tomorrow 1st April, he is actually alone Wall Streetwhile the European stock markets will have a short week, reopening Tuesday. A dual focus is announced, between domestic and international. In Rome the ministries concerned return to work on Economics and finance document 2024, to be approved by 10 April in the Council of Ministers. The text, on which the Mef has been working for a few days, is expected in Parliament on April 24th: and will have as its main course the data which estimates the growth of Italian GDP for the year, which could be just over 1%.

On the global markets front, however, attention will focus on several macroeconomic data coming out, especially in the USA where the resilience of the economy will be tested, which despite the sharp rise in rates on the dollar has shown no signs of recession, thus pushing operators to reduce expectations: from six rate cuts in the initial year to the current three, as the itself Fed. Among the most interesting data to report on Monday the manufacturing ISM and WednesdayIsm of services, in which the price component which has started to rise again in the last month will be monitored. Finally, the market data will be released on Friday US work, where the unemployment rate, which surprisingly rose last month, should be observed. In the euro zone, attention is focused on Wednesday on the preliminary inflation data: it is estimated that in March it will slow down from 2.6% annualized to 2.5%, ever closer to the 2% objective set by the Bce. Furthermore, speeches by several Fed members including the president are on the agenda Jerome Powellfrom which indications could come regarding the possible first cut in US rates.

Here in detail are the main economic events of the week reported by the Agi agency.

– MONDAY 1ST APRIL

USA: March manufacturing ISM.

– TUESDAY 2 APRIL

Rome: the Golden Power Committee convenes Vivendi in view of the Tim assembly to renew the board of directors

Rome: press conference to present the first National Made in Italy Day with Minister Adolfo Urso; Rome: table on Melfi at the Mimit;

Cars: the Ministry of Infrastructure and Transport communicates data relating to the month of March on car registrations; Italy: March manufacturing PMI;

ECB: survey on consumer expectations.

– WEDNESDAY 3 APRIL

Istat: employed and unemployed, provisional estimate February;

Rome: the panel convened to examine the Stellantis production plant in Mirafiori;

EU: February unemployment rate; March inflation and core inflation;

USA: Ism services March;

Fed: Jerome Powell’s speech at the Stanford Society.

– THURSDAY 4 APRIL

Rome: the panel convened at Mimit for the examination of the Stellantis production plant in Atessa;

Istat: data on the labor market and income (year 2022);

Rome: the Minister of Economy Giancarlo Giorgetti meets the women’s volleyball teams; Confindustria: General Council, votes for the designation of the next president;

Cernobbio (Co): at The European House – Ambrosetti presentation of the 2024 Report ‘Towards a cashless Italy use cases and role of citizens, businesses and merchants’;

ECB: publication of the minutes of the March meeting (1.00 pm).

– FRIDAY 5 APRIL

Istat: economic accounts by institutional sector – year 2023; AP quarterly account, household income and savings and company profits – 4th quarter 2023.

Cernobbio (Como): the 35th edition of the workshop “The Scenario of Economics and Finance” organized by The European House – Ambrosetti begins;

Naples: conference “Southern Agenda 2030 – Where Europe meets the Mediterranean”, promoted by the Merita Foundation – Southern Italy, in partnership with Cassa Depositi e Prestiti. Adolfo Urso, Minister of Business and Made in Italy, participates in the video conference;

USA: change in non-agricultural payrolls for March; March unemployment rate; average hourly wage in March (2.30 pm).

– SATURDAY 6 APRIL

Cernobbio (Como): the 35th edition of the workshop “The Scenario of Economics and Finance” organized by The European House – Ambrosetti continues.

Naples: the conference “Southern Agenda 2030 – Where Europe meets the Mediterranean” continues, promoted by the Merita Foundation – Southern Italy, in partnership with Cassa Depositi e Prestiti.