Markets: Key events in the week ahead – Deutsche Bank

Deutsche Bank analysts suggest that it's a quiet start to the week, with the only data due in Europe being the March Sentix investor confidence reading, January PPI report for the Euro Area, and February construction PMI for the UK.

Key Quotes

“In the US we'll get the December construction spending print.”

“Tuesday: All eyes will be on the final February services and composite PMIs due in Japan, China, Europe and the US. We're also due to get Italy's final Q4 GDP print and January retail sales for the Euro Area in the morning, followed by the February ISM non-manufacturing, December new home sales and January monthly budget statement in the US. Away from that we're due to get the February meeting minutes from the UK FPC meeting while BoE Governor Carney is due to speak in the afternoon. The Fed's Rosengren will also speak, while China's NPC will also officially open, running until March 15.”

“Wednesday: There's nothing of note in Asia or Europe, while in the US the highlight will likely be the February ADP employment change print and December trade balance reading. Elsewhere, the BoJ's Harada, BoE's Cunliffe and Saunders, and Fed's Mester and Williams are all due to speak at different events. The Fed's Beige Book is also due along with the latest OECD interim economic outlook.”

“Thursday: The highlight will be the ECB meeting just after mid-day followed by Draghi's press conference. Data-wise, we get February foreign reserves in China, February house price data in the UK, Q4 GDP for the Euro Area, and initial jobless claims, final Q4 nonfarm productivity and unit labour costs and January consumer credit in the US. Late evening we'll also get Q4 GDP in Japan. The BoE's Tenreyro is also due to speak along with the Fed's Mester.”

“Friday: All eyes will be on the February employment report in the US. Outside of that we also get February trade data in China, January factory orders in Germany, January industrial production in France and January housing starts and building permits in the US.”