Jeremy Oles
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| Time(GMT+0/UTC+0) | State | Importance | Event | Forecast | Previous |
| 01:30 |  | 2 points | CPI (MoM) (Mar) | ———- | -0.2% |
| 01:30 | | 2 points | CPI (YoY) (Mar) | 0.1% | -0.7% |
| 01:30 | | 2 points | PPI (YoY) (Mar) | -2.3% | -2.2% |
| 09:15 |  | 2 points | ECB Supervisory Board Member Tuominen Speaks | ———- | ———- |
| 12:30 |  | 2 points | Continuing Jobless Claims | ———- | 1,903K |
| 12:30 | | 3 points | Core CPI (MoM) (Mar) | 0.3% | 0.2% |
| 12:30 | | 2 points | Core CPI (YoY) (Mar) | 3.0% | 3.1% |
| 12:30 | | 3 points | CPI (YoY) (Mar) | 2.6% | 2.8% |
| 12:30 | | 3 points | CPI (MoM) (Mar) | 0.1% | 0.2% |
| 12:30 | | 3 points | Initial Jobless Claims | 223K | 219K |
| 14:00 | | 2 points | FOMC Member Bowman Speaks | ———- | ———- |
| 16:00 | | 2 points | WASDE Report | ———- | ———- |
| 16:30 | | 2 points | FOMC Member Harker Speaks | ———- | ———- |
| 17:00 | | 3 points | 30-Year Bond Auction | ———- | 4.623% |
| 18:00 | | 2 points | Federal Budget Balance (Mar) | -126.5B | -307.0B |
| 20:30 | | 2 points | Fed’s Balance Sheet | ———- | 6,723B |
| 22:30 |  | 2 points | Business NZ PMI (Mar) | ———- | 53.9 |
Summary of Upcoming Economic Events on April 10, 2025
China (🇨🇳)
- Consumer Price Index (CPI) (Mar) – 01:30 UTC
- YoY Forecast: 0.1% | Previous: -0.7%
- MoM Forecast: — | Previous: -0.2%
- Market Impact:
- A positive YoY CPI would suggest disinflation is easing, possibly improving market sentiment toward China.
- Weak figures may increase expectations of PBoC easing, which could pressure the yuan (CNY).
- Producer Price Index (PPI) (YoY) (Mar) – 01:30 UTC
- Forecast: -2.3% | Previous: -2.2%
- Market Impact:
- A continued drop reflects producer deflation, signaling weaker industrial demand.
Eurozone (🇪🇺)
- ECB Supervisory Board Member Tuominen Speaks – 09:15 UTC
- Market Impact:
- Comments may hint at regulatory perspectives or indirectly signal ECB monetary stance.
- Market Impact:
United States (🇺🇸)
- Core CPI (MoM & YoY) (Mar) – 12:30 UTC
- MoM Forecast: 0.3% | Previous: 0.2%
- YoY Forecast: 3.0% | Previous: 3.1%
- Market Impact:
- If inflation is hotter than expected, markets may reprice rate cut expectations, boosting the USD and yields.
- Softer CPI would favor equities and bonds, while weakening the USD.
- Headline CPI (MoM & YoY) (Mar) – 12:30 UTC
- MoM Forecast: 0.1% | Previous: 0.2%
- YoY Forecast: 2.6% | Previous: 2.8%
- Market Impact:
- Closely watched for inflation trend shifts. Market volatility likely if it deviates from expectations.
- Initial Jobless Claims – 12:30 UTC
- Forecast: 223K | Previous: 219K
- Continuing Jobless Claims – 12:30 UTC
- Previous: 1.903M
- FOMC Member Bowman Speaks – 14:00 UTC
- FOMC Member Harker Speaks – 16:30 UTC
- Market Impact:
- Comments may give insight into the Fed’s reaction to CPI data.
- Market Impact:
- WASDE Report – 16:00 UTC
- Market Impact:
- Key for agricultural commodity markets, affecting inflation-sensitive sectors.
- Market Impact:
- 30-Year Bond Auction – 17:00 UTC
- Previous Yield: 4.623%
- Market Impact:
- Strong demand could lower long-term yields, signaling confidence in inflation control.
- Federal Budget Balance (Mar) – 18:00 UTC
- Forecast: -126.5B | Previous: -307.0B
- Fed’s Balance Sheet – 20:30 UTC
- Previous: $6,723B
New Zealand (🇳🇿)
- Business NZ PMI (Mar) – 22:30 UTC
- Previous: 53.9
- Market Impact:
- A reading above 50 indicates expansion in manufacturing. Strength could support the NZD.
Market Impact Analysis
- USD: CPI data is the most critical event, with potential for broad-based market repricing.
- CNY: Inflation data could sway policy expectations and regional market risk sentiment.
- Commodities: WASDE and budget data may shape soft commodity and bond market moves.
- NZD: PMI strength would boost the currency, especially if China data also surprises positively.
Overall Impact Score: 7/10
Key Focus: U.S. CPI report, Fed reaction, and Chinese inflation trends.
