April 28, 2025 a 07:00 pm

Todays Important Key Figures

The macroeconomic landscape today is characterized by pivotal data releases from the Eurozone, particularly affecting the Euro. The significant numbers anticipated, including Spain's unemployment rate and retail sales figures, as well as the Bank Austria Manufacturing PMI, set the stage for potential market shifts. Investors should pay close attention as these figures unveil insights into economic health, potentially impacting the Euro's valuation.

💶 Euro (EUR)

Event	Date (NY)	Previous	Actual	Estimate	Change	Impact
ECB Guindos Speech	2025-04-28 13:00:00	-	-	-	-	High
Bank Austria Manufacturing PMI (Apr)	2025-04-28 08:00:00	46.9	46.6	47.5	-0.3	High
Retail Sales MoM (Mar) - Spain	2025-04-28 07:00:00	1.3%	-0.2%	-0.4%	-1.5%	High
Unemployment Rate (Q1) - Spain	2025-04-28 07:00:00	10.61%	11.36%	10.7%	0.75%	High
Retail Sales YoY (Mar) - Spain	2025-04-28 07:00:00	3.6%	3.6%	3.6%	-	High

🗣️ **Economic Interpretation:** - The ECB Guindos speech holds significant potential to influence market sentiment, though specific outcomes will depend on the rhetoric deployed. - Bank Austria's Manufacturing PMI, slightly below expectations, suggests a sluggish industrial activity, indicating potential economic headwinds. - Spain's retail sales dipping more than estimated reflects weaker consumer spending, a critical component for GDP growth. - The rise in Spain's unemployment rate is concerning and may signal labor market weaknesses. - Stable year-over-year retail sales growth in Spain indicates some resilience despite monthly fluctuations. 📉 **Currency Impact:** - Overall, the economic data suggests potential downward pressure on the Euro due to negative surprises in manufacturing and employment. - However, consistent retail sales year-over-year could provide slight support. 🔚 **Conclusion:** - The data released today seems predominantly **burdensome for the Euro**, as weak industrial and labor market metrics overshadow stable retail performance. Traders should watch for any policy insights from the ECB speech which could alter market dynamics.