Here is how we expect the economic events of the coming week:
Monday: The Eurozone will see the publishing of February’s Consumer Price Index, following an annual inflation of 0.8%. The U.S. will see some data on its industrial sector with the publishing of March’s Empire Manufacturing Survey, as well as February’s Industrial Production data.
Tuesday: The ZEW Survey will be published in Germany, providing details regarding the Current Situation of the economy and Expectations for the future. In the U.S., February’s Consumer Price Index will be published, with inflation in the last year a bit healthier than that of the Eurozone, at 1.2%. Staying in the U.S., the Census Bureau will publish February’s Housing Starts.
Wednesday: The All Industry Activity Index will be released in Japan. The U.K. will see the publishing of some labor market statistics, among these are February’s Jobless claims and the ILO Unemployment Rate. The U.S. will start its day with the release of MBA Mortgage Applications as well as the FOMC's Rate Announcement – analysts mostly expect the Fed to continue decreasing its asset purchase program, this time to a monthly 55 billion.
Thursday: The Weekly Initial Jobless Claims report will be released in the U.S., following a rather positive print of 315K, last week. February’s Existing Home Sales data are also due to be released, in hope of finding some consumer optimism in the real-estate sector. The global state of the U.S. economy will also gain some attention with the release of February’s Leading Index.
Friday: The European Commission’s Consumer Confidence Indicator for the Eurozone will be released. Analysts see a slight improvement towards a level of -12.3 in March, following a print of -12.7 in February.
