Economic data coming up in the European session

Author: Justin Low | Category: News

Eurozone final CPI figures for April are due today

Comic 17-05
Happy Friday, everyone! Hope you're all doing well as we look to get things gong here on the session. It's been a calmer start to the day so far with the yen nudging slightly ahead as most of the action is seen in the crypto space where Bitcoin and Altcoins are being hammered, though they have recovered slightly off the lows.

As for markets in general, the major focus remains on risk sentiment though currencies didn't quite obey that theme in overnight trading. Market participants are still in search of a new normal as we adjust to current US-China relations so expect trading today to still revolve around the ebb and flow with little of note on the economic calendar.

0900 GMT - Eurozone March construction output data
Prior release can be found here. An indication of construction activity in the region, which has been holding up decently in Q1 especially in Germany. As this is still part of data feeding into the first quarter, the release here is lagging and should be of little importance.

0900 GMT - Eurozone April final CPI figures
Preliminary figures can be found here. As mentioned at the time, Easter seasonality has helped to skew the inflation readings in the region towards the upside and the final readings here will just confirm that. Given that this is the final release, it isn't expected to produce much - if any - reaction in markets.

That's all for the session ahead. I wish you all the best of days to come and good luck with your trading!
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