Economic Events and Analysis
Looking Ahead: Week of April 21 through 25
US Calendar: Manufacturing and housing are highlighted this week. Industrial production has been healthy even as durables orders have averaged flat. Housing has been on a mild uptrend but based largely in the multifamily component. But the latest housing starts report showed some improvement in the single-family component. Existing home sales, new home sales, and FHFA home prices will offer important updates for the single-family home sector.

Global Calendar: The key notes of the upcoming week are the flash PMI reports for manufacturing and services for April. They will take the pulse of economic activity in the current month. The Bank of England's monetary policy committee minutes will be read carefully especially in light of the surprising decline in unemployment. Japan's merchandise trade data also will be given close scrutiny.