In the coming week investors will follow the publication of leading economic indicators in the U.S. and EU
Preliminary data on PMI of manufacturing and services sector
Meeting of the Bank of England
Final data on US GDP for the 4th quarter.
The panic on financial markets continues. Indicators released last week point to a significant deterioration in the economic situation in the U.S. and the EU. Active stimulus injections from the world's central banks are not yet able to fully stabilize the market situation. During the previous week, investors will carefully study new macroeconomic statistics, tracking the dynamics of key indicators and prospects for key economies of the world.
The main attention should be paid to the publication of preliminary data on PMI of the manufacturing sector and services sector in the U.S., Europe and the UK. The European currency can be strongly influenced by the IFO indices in Germany. We can also see a strong market reaction in case of large deviations from the projected US GDP growth data for the 4th quarter of 2019.
Monday, March 23
No important macroeconomic reports.
Tuesday, March 24
Preliminary March PMI data for manufacturing and service sectors in Germany and EU
Manufacturing and Services PMI in UK for March
U.S. secondary housing market sales data for February and preliminary March PMI data for manufacturing and service sectors will be presented.
Wednesday, March 25
IFO Institute will publish indices of business climate and current situation in Germany
UK to present data on consumer price index for February
U.S. retail sales report for February and US Department of Energy weekly oil reserves report will be presented
Thursday, March 26
The UK will publish a report on retail sales
The Bank of England will hold a planned meeting on monetary policy
Final data on GDP growth in 4th quarter 2019 will be presented in the USA
Friday, March 27
A price index for personal consumption will be published in the USA