Key Takeaways

  • Emergency OPEC+ Meeting on Monday
  • Multiple Central Bank Meeting Minutes
  • Look out for JOLTS Data

The COVID-19 pandemic continues to spread, and the disruption it is causing to world economies is staggering. The record U.S. unemployment claim numbers from the end of March were dwarfed by last week's numbers. Things are tough, and its not clear when we'll hit bottom, for the markets or the economy as a whole. However grim things look, we'll keep covering the news to ensure you're equipped with the knowledge to face current events. Stay safe and stay well.

Now here's a look at how different asset classes have been doing:

Here's a list of economic events for the week ahead:

 Monday, April 6:

  • Market Holiday in China for Ching Ming Festival
  • Market Holiday in India due to Mahavir Jayanti
  • German Factory Orders (Feb.)
  • U.K. Construction Purchasing Managers' Index (March)
  • Russian Consumer Price Index (CPI) (March)
  • Japanese Household Spending (Feb.)

 Tuesday, April 7:

  • U.S. Job Openings and Labor Turnover Survey (JOLTS) (Feb.)
  • Reserve Bank of Australia Interest Rate Decision
  • German Industrial Production (Feb.)
  • U.K. Halifax House Price Index (March)
  • Brazilian Retail Sales
  • Canadian Ivey PMI (March)
  • Mexican CPI (March)

Wednesday, April 8:

  • Market Holiday in Norway for Easter
  • U.S. Federal Open Markets Committee (FOMC) Meeting Minutes
  • Mexican Central Bank Monetary Policy Meeting Min
  • Canadian Building Permits (Feb.)
  • Canadian Housing Starts (March)
  • Mexican Central Bank Meeting Minutes

Thursday, April 9:

  • Market Holidays in Mexico and Norway for Maundy Thursday
  • European Central Bank Monetary Policy Meeting Account
  • U.K. Gross Domestic Product (GDP) (Feb.)
  • U.K. Industrial Production (Feb.)
  • U.K. Manufacturing Production (Feb.)
  • U.K. Trade Balance (Feb.)
  • German Trade Balance (Feb.)
  • Brazilian CPI (March)
  • U.S. Producer Price Index (PPI)
  • U.S. Initial Jobless Claims (Weekly)
  • Canadian Unemployment Rate (March)
  • Preliminary Michigan Consumer Sentiment Index (April)
  • Chinese CPI (March)
  • Chinese PPI (March)

 Friday, April 10:

  • Market Holiday in the U.S., U.K., Germany, Switzerland, Italy, Netherlands, Norway, France, Spain, Singapore, Hong Kong, Australia, India, Brazil, Canada, Mexico, Indonesia, and many other markets for Good Friday
  • U.S. CPI (March)

Central Bank Minutes

On Wednesday the U.S. Federal Reserve will release the minutes from its most recent Federal Open Markets Committee meeting. The Fed has taken several substantial steps in monetary policy to confront the COVID crisis. It has cut interest rates, started new programs, and resurrected Great-Recession-era monetary stimulus programs. The European Central Bank (ECB) posts its minutes on Thursday. It's massively expanded its bond-buying programs as it's tried to provide monetary stimulus. Some smaller central banks are also reporting minutes with the Reserve Bank of Australia and Bank of Mexico also reporting on Wednesday and Thursday respectively. While the interest rate changes form the meetings have already announced, the meeting minutes can help us get an idea of the attitude different central banks have, and may provide context for already announced policy movies. If you want a broader look at monetary policy stimulus measures taken around the world, check out our coverage here.


The Job Openings and Labor Turnover Survey for February is going to be released on Tuesday. That's the comprehensive survey of hiring, firing, and job openings across the U.S., and gives a more in-depth look at the labor market than the unemployment rate or jobless claims. While it is a lagging indicator as it takes time to gather up all that data, it should help give an idea of how the labor market was looking before things started to get much worse in the second half of March, when the unemployment claims started to spike. Also, continue to keep an eye on unemployment claims, to see if they continue to rise, level off, or drop. The most recent weekly number, 6 million claimants, definitely indicates that the 3 million from the week before was not merely a one-off event.