This week, in the United States, retail sales is expected to rise significantly due to a rebound in auto sales and strong store sales results. In addition, inflation data for March may indicate a light increase in consumer prices despite a small decline in rent prices. Also, trade balance may show a smaller deficit as customs data indicates a drop in imports.
In the Euro Area, following the deal reached last Friday by European officials on terms of a loan for Greece, investors will be testing the trigger point for a Greek bailout. Indeed , if the Greek government bond auction on Tuesday doesn't generate enough interest, Athens is likely to ask for help. Elsewhere, Euro Area Industrial Production for February may drop on a monthly basis, yet it should record strong annual growth. In the United Kingdom, trade deficit is likely to shrink due to a rebound in exports. In Canada, trade surplus may stay unchanged in February with exports and imports rising slightly. In Australia, consumer sentiment in April may drop, prompted by another interest rate hike. Finally, in China, GDP growth in the first quarter of 2010 is likely to accelerate to more than 11 percent.
4/10/2010 11:45:42 PM