20th Mar to 24th Mar 2017
Slow start to the week as there are no major reports coming out. Germany will release Producer Price Index which measures the average changes in prices in the German primary markets. This will be followed by Labour Cost from Euro Zone which shows the short-term development of the total hourly costs incurred by the employers of maintaining their employees. The day will end with a speech from Dr. Jens Weidmann who’s the president of Deutsche Bundesbank where he is expected to speak about the current economic situation in Germany. Important day for UK as few major economic reports will come out today. Day will start with Australia releasing RBA Meeting Minutes from the previous meeting last week. By Afternoon UK will release Producer Price Index which is a monthly measurement of the rate of inflation experienced by the UK manufactures when buying goods and services. This will be followed by the all-important UK Consumer Price Index which is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. Day will end with Public Sector Net borrowing from UK which captures an amount of new debt held by the U.K. government. Another quiet day in terms of economic data. Day will start with a speech by RBA Assistant Governor Debelle. By Midafternoon ECB is expected to have its Non-monetary policy meeting. Day will end with Housing Price Index from US, which provides an estimated value of housing market conditions. It is an important indicator as the housing market is considered as a sensitive factor to the US economy. The most important day of the week as Investors will be focusing on what Yellen has to say about the future economic projections and add more clarity into last weeks FOMC statement. Early morning Germany will release Gfk Consumer Confidence survey which is a leading index that measures the level of consumer confidence in economic activity. Mid-day UK will release several reports on Retail sales. Next up will be the all-important speech from Fed President Janet Yellen. Investors will be keeping their fingers on Buy and Sell buttons and make decisions depending on how her tone sets out to be. Next up will be Initial Jobless Claims which is a measure of the number of people filing first-time claims for state unemployment insurance. This will be followed by New Homes Sales which is an important measure of housing market conditions. Last week Kashkari show dissent on Fed Rate Hike as he thinks that there is no need for a rate hike at this point. Hence markets will keep a close ear to what Kashkari has to say after Yellen’s speech. Day will start with Gross Domestic Product from France which shows the monetary value of all the goods, services and structures produced within a country in a given period of time. This will be followed by Markit PMI Composite, Markit Manufacturing and Markit Services from Euro Zone. The all important Durable Goods report will come out from US which measures the cost of orders received by manufacturers for durable goods, which means goods planned to last for three years or more, such as motor vehicles and appliances. This will be followed by Markit PMI Composite, Markit Manufacturing and Markit Services from US.Monday
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