| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 07:00 | United Kingdom | Business Investment, q/q | Quarter IV | 2.2% | -3.2% | -1.9% |
| 07:00 | United Kingdom | GDP, q/q | Quarter IV | 0% | 0.1% | 0.1% |
| 07:00 | United Kingdom | Business Investment, y/y | Quarter IV | 5.6% | -0.7% | 1.8% |
| 07:00 | United Kingdom | GDP, y/y | Quarter IV | 1% | 1.4% | 1.5% |
| 07:00 | Germany | Gfk Consumer Confidence Survey | April | -24.7 | -23 | -24.5 |
| 07:00 | United Kingdom | Retail Sales (MoM) | February | 1.4% | -0.3% | 1% |
| 07:00 | United Kingdom | Retail Sales (YoY) | February | 0.6% | 0.5% | 2.2% |
| 07:45 | France | CPI, y/y | March | 0.8% | 1.0% | 0.8% |
| 07:45 | France | CPI, m/m | March | 0% | 0.4% | 0.2% |
| 08:55 | Germany | Unemployment Change | March | 9 | 10 | 26 |
| 08:55 | Germany | Unemployment Rate s.a. | March | 6.2% | 6.2% | 6.3% |
| 10:00 | Eurozone | Industrial confidence | March | -11.0 | -10.5 | -10.6 |
| 10:00 | Eurozone | Economic sentiment index | March | 96.3 | 97 | 95.2 |
| 10:00 | Eurozone | Consumer Confidence | March | -13.6 | -14.5 | -14.5 |
USD strengthened slightly against most of its major counterparts in the European session on Friday, as investors awaited the release of the key U.S. inflation data for February later in the day and prepared for next week’s announcement of the reciprocal tariffs.
The U.S. Dollar Index (DXY), which measures the U.S. currency's value relative to a basket of foreign currencies, rose 0.13% from its previous close to 104.47.
At 12:30 GMT, investors will receive the much-anticipated U.S. personal income and spending report, which contains the Federal Reserve's preferred measure of inflation - the core personal consumption expenditures (PCE) price index. Economists expect the report to show that the core PCI price index advanced 0.3% MoM and 2.7% YoY in February. In the previous month, the core PCE index recorded gains of 0.3% MoM and 2.6% YoY.
Hotter-than-expected core PCE inflation would justify the Fed's patience approach to policy easing and could prompt markets to trim their bets on interest rate cuts in the U.S. According to Reuters, markets are currently pricing in nearly 63 basis points of rate decreases by the Fed this year.
Meanwhile, investors continued to weigh the potential trade war implications from the implementation of U.S. President Donald Trump's reciprocal trade tariffs on April 2. Despite rising trade tensions, some experts suggest that the announcement of the tariffs by the Trump administration may serve as a starting point for negotiations with trading partners, ultimately mitigating their impact.