Daijiworld Media Network - Mumbai

Mumbai, Apr 14: Global markets, including Indian indices, are set for a crucial week as investors await a slew of economic data from major economies that could shape market sentiment and central bank policy cues, Bajaj Broking Research said in a note on Monday.

With Indian stock markets shut on April 14 for Ambedkar Jayanti, attention will turn to upcoming macroeconomic indicators both at home and abroad in the week of April 12–19.

In India, the Wholesale Price Index (WPI) for March will be released on April 15. Analysts believe the data will shed light on wholesale inflation and help gauge cost pressures at the production level, potentially influencing the Reserve Bank of India’s future rate decisions.

In the U.S., key numbers include March’s Industrial Production data on April 16 and the Initial Jobless Claims on April 17. The latter, seen as a vital gauge of labor market strength, could affect the Federal Reserve’s rate outlook.

Meanwhile, all eyes will be on China on April 16 as it unveils Q1 GDP growth, Industrial Production, and Unemployment Rate for March. These figures will provide a snapshot of the country’s economic momentum and recovery trajectory post-pandemic.

“Stronger data from China could lift global investor sentiment, especially in commodity and industrial sectors tied to Chinese demand,” Bajaj Broking Research noted.

With crucial numbers lined up across the globe, markets may witness increased volatility as investors look for direction amid growing uncertainty around interest rates and economic recovery.