Home News Business News Upcoming economics and corporate data during the new week

Upcoming economics and corporate data during the new week

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Last week, the S&P 500 and Nasdaq Composite achieved growth of at least 2.9%, while the Dow rose by only 1.7% on the background of Boeing’s problems. It was a very successful week for the Wall Street indexes, with the S&P 500 scoring its biggest leap for a week since November 2018.

In addition to busy sessions of central banks, the new week will be saturated with important macro data, including the ZEW index on Germany’s economic attitudes and inflation in the UK.

Upcoming economics data

On Monday, March 18, will be released Japan’s trade balance for February, which will be followed by the data on the country’s industrial production for January. In Europe will be released the Eurozone trade balance, while the German central bank will publish its monthly report.

On Tuesday, March 19, will be published the minutes from the last Australian Central Bank meeting. It will be followed by a series of UK labor market data. The Zew Research Institute will publish an index of economic attitudes and economic expectations for Germany. The day will continue with Eurozone data on salaries in the fourth quarter as well as the Zew index for economic attitudes in the region.

On Wednesday, March 20, will be published the minutes of the last meeting of the Bank of Japan. In Germany, according to consensus forecasts, the producer price index for February is expected to grow by only 0.2% on a monthly basis compared to the reported 0.4% a month earlier. In the UK there will be data on inflation in February. The focus of the markets during the day will be the Federal Reserve meeting as well as the current economic forecasts for the US economy. Later will be released the data on the US crude oil inventories.

On Thursday, March 21, will be published the data on the labor market in Australia. Early expectations suggest that the Swiss central bank will keep interest rates unchanged at -0.75%. The European Central Bank will publish its latest economic newsletter. The Central Bank of England also has a meeting, with the main interest rate likely to be maintained at 0.75%. For the UK there will also be retail sales data in the country for February. The consensus forecast is down 0.4% on a monthly basis, with a growth rate of 1% a month earlier. Markets will also track the change in the number of US unemployment claims.

On Friday, March 22, preliminary data for March will be published for the industry and service industry procurement indexes for Australia, France, Germany, the Eurozone, and the United States. There will be a meeting of the Russian Central Bank, with expectations to keep the key interest rate unchanged from its current level of 7.75%. In Canada will be published the retail sales data for January. In the United States will be posted the sales of existing homes in February.

Upcoming earnings reports

On Monday, March 18, will be published the financial reports of the Canadian pharmaceutical and cannabis company Tilray Inc, as well as biopharmaceutical firm Catalyst Pharmaceuticals.

On Tuesday, March 19, will be published the earnings reports of American footwear retailer DSW and the courier FedEx Corporation.

On Wednesday, March 20, the markets will focus on the financial statements of Guess’ Inc and Micron Technology Inc.

On Thursday, March 21, will be published the earnings report of Chinese oil producer CNOOC, as well as technology giant Tencent Holdings. In the US, the markets will focus on the financial statement of NIKE Inc.

On Friday, March 22, thre investors will expect the financial report of the American luxury jewelry and specialty retailer Tiffany & Co.