Main themes in the next few days
From 1 to 7 march
BUSINESS CONFIDENCE, US EMPLOYMENT, EUROZONE INFLATION
The release continues of February business confidence data (ISM indices in the US, PMIs in all the other countries). Confidence in China worsened compared to January, while staying in expansionary territory (manufacturing index at 50.9), focus is now on US data (manufacturing ISM on Monday afternoon, non-manufacturing ISM on Wednesday), expected stable at the high levels recorded in January (58.7). In the
Eurozone, the final PMI indices should confirm that confidence improved compared to January, although the divergence between the solid expansion of the manufacturing sector, and the contraction of the services sector, widened due to the restrictive measures.
On Friday, February labour market data will be released in the United States. Consensus forecasts point to an acceleration of payrolls (+180k from +49k in January), a slightly higher unemployment rate, at 6.4% from 6.3%, and wages on the rise by 5.3% y/y (from 5.4% in January).
On Tuesday, the advance reading of Eurozone inflation in February will be released, expected in line with January levels in terms of the headline rate (0.9% y/y), as opposed to a decline of the core rate (from 1.4% to 1.1%), due to the postponement of winter season sales.
The information contained in this section does not constitute a recommendation, proposal or endorsement to undertake transactions in one or more financial instruments, nor can it be construed as an offer to sell or an invitation to subscribe to one or more financial instruments, or a solicitation to invest in any kind of securities.
The information contained herein is updated on a weekly basis.
The opinions, forecasts or estimates contained in this section are given as at the date of publication and there is no guarantee that results or any other future event shall be consistent with the opinions, forecasts or estimates contained herein.
Before accessing this Section please read the legal 'Disclaimer' setting out the scope and limitations of the information provided.