27th Feb to 03rd Mar 2017
The morning half will be full of data coming in from Europe where the reports will focus on consumer and industrial confidence in the economic activities in the euro zone. These will be followed by Economic Sentiment Indicator which is a survey of consumers’ confidence in economic activity. It indicates the trend of the overall Euro Zone economy. Latter half of the day is full of reports from USA. First up will be Durable Goods Orders and Durable Goods Orders Ex Transportation, which measures the cost of orders received by manufacturers for durable goods. These will be followed by Pending Home Sales & Dallas Fed Manufacturing Business Index. A day where markets can expect lot of since Trump will be addressing the US Congress for the first time after being elected as the President. Day will start with Australia releasing HIA New Home Sales report which presents the number of new homes sales in Australia. This will be followed by Gfk Consumer Confidence from UK which measures the level of consumer confidence in economic activity. Then the focus turns to Mr. Donald Trump who will address a joint session of Congress where markets will be watching with its fingers on the buy and sell buttons as he makes what is essentially his first State of the Union address. Next up will be GDP and Consumer Price Index from France. Day will end with Gross Domestic Product, Chicago Purchasing Managers Index & Consumer Confidence from US, where it will be interesting to see if the data will support Trumps speech to the congress. Another busy day in the markets as key data will come out from Australia, Euro zone, UK and USA while a rate decision awaits in Canada. Day will start with Australia releasing GDP which is measure of the total value of all goods and services produced by Australia. This will be followed by Markit Manufacturing PMI, Unemployment Change & Unemployment Rate from Euro Zone. Mid-day UK will release Markit Manufacturing PMI which captures business conditions in the manufacturing sector. This will be followed by Consumer Credit which is an amount of money that individuals borrowed in the previous month and Mortgage Approvals reports which presents the number of various Mortgage Approvals. Next up will be Consumer Price index & Harmonized Index of Consumer Prices from Germany. The evening will be full major data from USA where main focus will be on ISM Manufacturing PMI. This shows business conditions in the US manufacturing sector It is a significant indicator of the overall economic condition in US. This will be followed by Interest rate decision from Canada which is expected to remain the same. The day will end with Speeches from FOMC members Kaplan & Brainard. Markets will keep a close ear as to what they have to say after Yellen’s testimony to the congress 2 weeks back. Day will start with Imports & Exports reports from Australia which will be followed by Trade Balance report. This shows the difference in the value of its imports and exports of Australian goods. UK will then release PMI construction which shows business conditions in the UK construction sector. This will be followed by Key economic reports from Euro zone where main focus will be on Unemployment Rate, Consumer Price Index & Producer Price Index. The only report to come out from USA will be Initial Jobless claims which is a measure of the number of people filing first-time claims for state unemployment insurance. The day will end with Gross Domestic product figures from Canada which will be followed with a speech from BOC Governor Council Member Lane. A quite end to an eventful week as only few reports will come from Euro zone and USA. Early on will be Markit Services PMI from Europe which is an indicator of the economic situation in the Euro Zone services sector. This will be followed by Markit PMI Composite. Later in the evening US will release Markit PMI Composite & Markit Services PMI. These will be followed by ISM Non-manufacturing PMI from USA which shows business conditions in the US non-manufacturing sector. The day will end with a speech by Fed President Janet Yellen.Monday
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