A Look Ahead into the Week
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- Relatively light agenda to narrate economic data reports
- US delivers finalized GDP figures for the fourth quarter of 2020
The week, starting March 22 brings a relatively light calendar to the financial markets. Throughout the week, investors and traders will keep an eye on fewer economic data reports and could as well take the time to reassess what went on during the previous week.
On Monday, the US kicks off the reporting with its latest Existing home sales figures for February. The report is due at 10:00 am ET. Tuesday brings UK’s Average Earning Index report for January and the Claimant count change for February. Both announcements are set for 03:00 am ET. Later, at 10:00 am ET, the US will publish its February New home sales report.
Wednesday’s data starts with UK’s CPI data for February. The year-on-year figures, to be released at 03:00 am ET, will indicate if inflation momentum has picked up and whether UK investors should be worried about the prospects of rising prices. At 08:30 am ET, the US will release its Core durable goods orders for February.
Thursday is reserved for US GDP figures. The GDP report will indicate if the economy stagnated or progressed on quarter-on-quarter basis in the last quarter. Preliminary data already showed the US economy grew at a 4.1% pace in the final three months of 2020.
Friday’s economic reports arrive with UK’s retail sales figures for February. The announcement is due at 03:00 am ET. At 05:00 am ET, Germany is set to report figures from the German Ifo Business Climate Index that will aim to gauge how the largest European economy will fare in the next six months.
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