The shortened pre-Easter week on financial markets will be full of important macroeconomic data. Investors' attention should be drawn in particular to the March readings of PMI, CPI inflation and the monthly report on the American labor market.
Sunday, March 29
On the night from Saturday to Sunday, Poland – and with it the entire European Union – switches from winter to summer time. Therefore, this Sunday day will formally have only 23 hours. Moreover, from Monday, the time difference between Central Europe and the east coast of the United States returns to the usual 6 hours. The cash session on Wall Street will start again at 3:30 p.m. (Polish time) and end at 10 p.m.
Monday, March 30
At 11:00 the European Commission will present March measures of sentiment in the euro zone economy. This will be the first reading to take into account the oil shock, which will probably significantly lower the morale of both producers and consumers.
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At 2:00 p.m. Germany will show the preliminary CPI inflation reading for March. Due to the sudden increase in fuel prices, it will probably be close to 3% compared to 1.9% recorded in February. This will therefore be the end of the short period of implementation of the 2% inflation target.
A public speech by the head of the Federal Reserve is scheduled for 4:30 p.m. (after the change to summer time). After Powell, John Williams, head of the New York Fed, will appear at 10 p.m.
Annual reports on the WSE will include, among others: Tauron, MCI and Virtus.
Tuesday, March 31
This will be the day of publication of the next flash March inflation readings. At 1:30 we will know the core CPI reading in the Tokyo region. This report will be complemented by Japan's February unemployment rate and Japan's industrial production and retail sales.
At 3:30 a.m. the government's PMI indices for China will be released. At 8:00 the British will show another revision of the already very old GDP data for the fourth quarter of 2025. Much more important will be the March CPI inflation for France (8:45) and the German unemployment rate for March (9:55).
For the first time at 9:30 (usually at 10:00) the Central Statistical Office will show the preliminary reading of consumer inflation for March. It will probably increase from 2.1% to approximately 3%, depending on the period and at which stations the Central Statistical Office surveyors checked fuel prices. Please remember that, as usual, these data will not cover the last week of the month, when diesel prices were the highest in history. At 11:00 Eurostat will present HICP inflation statistics for the euro area. As well as the CPI inflation results for Italy will appear.
Americans will present the January reading of the S&P/Case-Shiller house price index (15:00), the March reading of the Chicago PMI index and the February number of unfilled vacancies according to. JOLTS surveys (4 p.m.). The following Federal Reserve policymakers will speak: Austan Goolsbee (6:00 p.m.), Michael Barr (9:00 p.m.) and Michele Bowman (11:10 p.m.).
Annual reports on the WSE will be presented by, among others, Asseco Poland, DatWalk, Ferro and Selvita.
Wednesday, April 1
Please do not believe all the information provided that day. Moreover, this caution is also recommended on a daily basis. Especially since this is usually the day of publication of the manufacturing PMI indices for March. This year it is particularly important, because in March there was an oil shock and a sharp increase in fuel prices. As usual, we'll start in Australia, moving through Japan, China, Sweden, Poland (at 9:00), Hungary, Czech Republic, Switzerland, Italy, France, Germany, the Eurozone (10L00) and the UK. However, it is worth keeping in mind that the readings of these indicators may be artificially high due to two actually harmful factors. The first is an increase in prices (i.e. a derivative of the increase in fuel and energy prices), and the second is the extension of delivery delays.
Additionally, at 11:00 Eurostat will publish BAEL unemployment rate data for February. This will be an opportunity to compare this indicator for Poland with the Central Statistical Office data on registered unemployment, which rose to 6.1% in February and reached the highest level since the Covid lockdowns.
At 14:15 we will have a prelude to data from the American labor market in the form of the ADP report (14:15), measuring employment change in the private sector. Fifteen minutes later, we will learn February's retail sales statistics in the US. At 4:00 p.m., the American progenitor of PMI indicators will appear – the ISM report for the manufacturing sector. On the occasion of the oil crisis, it will be worth taking a look at the weekly data on fuel stocks in the US again (16:30).
Nike will present its results for the third fiscal quarter.
Annual reports on the WSE will be presented by, among others, Answear and Ulma.
Maundy Thursday, April 2
We will enter the Easter period. However, only the Norwegian stock exchange will be free on Maundy Thursday. At 8:30 the Swiss will show their own CPI inflation, which, due to more expensive fuels, has probably broken away from zero after almost a year of being close to the neutral value.
Then we will move across the Atlantic, where at 1:30 p.m. the Challenger Report will appear, giving the number of employee layoffs announced in March in the corporate sector. An hour later, American statisticians will treat us to the February trade balance of the United States and the weekly number of applications for unemployment benefits.
Annual reports on the WSE will include, among others: Best and Adiuvo.
Good Friday, April 3
It will be a very unusual day on the financial markets. On the occasion of Good Friday, all important stock exchanges in Western countries will be closed. There will be no trade, among others: on the WSE, NYSE, Nasdaq, LSE or Frankfurt. In Australia, New Zealand and Europe, Easter Monday is also a day off from trading in shares.
But like every first Friday of the month, data from the American labor market will appear. After the disastrous reading for February (-92,000 jobs), economists hope for improvement and expect an average of +50,000 jobs. full-time positions in non-agricultural sectors. The currency and debt markets will be able to react to these data, but not Wall Street, where there will be no trading on the cash market. Additionally, at 4:00 p.m. we will receive the ISM report for the US service sector.
Annual reports on the WSE will include, among others: Develia and Tesgas.
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