- All Industy Activity Index (JPY, GMT 04:30) – The Industry Index, known for its leading indicator abilities, is expected to have stood at 0.2% m/m in January, compared to -0.4% in December.
- German Business Climate (EUR, 09:00) – Business climate in the largest EU country is expected to have grown marginally to 98.7 compared with 98.5 last month.
- Trade Balance (NZD, GMT 21:45) – The overall trade deficit of New Zealand is expected to have declined to $6.1 billion in February, compared to $6.4 billion in January.
Tuesday – 26 March 2019
- Housing Data (USD, GMT 12:30) – Housing starts and Building Permits are expected to have increased marginally in February, while the S&P House Price Index is expected to have continued its deceleration, growing by 3.9% in January, compared to 4.2% in December. As in previous occasions, housing market data usually have more impact on the stock market than on the currency.
- CB Consumer Confidence (USD, GMT 14:00) – The Conference Board Index is expected to have increased to 132.1, compared to 131.4 in the previous month.
Wednesday – 27 March 2019
- Interest Rate Decision (NZD, GMT 01:00) – No change is expected in the RBNZ meeting, with the Central Bank likely to also push forward a “wait-and-see” stance.
- Trade Balance (CAD, GMT 12:30) – The Canadian trade deficit is expected to have declined to $2.8 billion in January, compared to a $4.6 billion deficit in December.
Thursday – 28 March 2019
- German CPI (EUR, N/A) – The German inflation rate is expected to have increased to 0.6%, compared to 0.4% in the previous month.
- US Final GDP (USD, GMT 12:30) – The final release of the 2018Q4 GDP growth rate is expected to see the world largest economy’s economic activity to have grown by 2.4% compared with the preliminary reading of 2.6%.
- Tokyo CPI and Production Data (JPY, GMT 23:30) – The country’s main leading indicator of inflation is expected to have remained at 1.1% y/y in March, at the same level as in February. Industrial Production is expected to have improved, growing by 1.4% m/m in February, compared to -3.4% m/m in January, while Retail Sales are expected to have increased by 0.9% y/y in February, compared to 0.6% in January.
Friday – 29 March 2019
- UK Final GDP (GBP, GMT 09:00) – UK economic activity is expected to have remained at its preliminary level of 1.3% y/y in 2018Q4.
- US Personal Spending (USD, GMT 12:30) – Personal Spending is expected to have grown by 0.3% m/m in January, compared to a 0.5% m/m reduction in the previous month.
- Chicago PMI (USD, GMT 13:45) – The Chicago PMI is expected to have declined to 61.8 compared to 64.7 last month, however still showcasing growth.
- UK Parliament Vote (GBP, Tentative) – The UK Parliament is expected to convene in order to vote for a revised Theresa May plan or in favour of a no-deal Brexit.
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Dr Nektarios Michail
Market Analyst
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