Last week was not particularly successful for the Wall Street traders with major indexes ended the session with serious declines. The blue-chip index Dow Jones lost 1.1% to 25,502.32 points, while S&P 500 wiped out 1.5% to 2,800.71 points and technology Nasdaq Composite is down by 2% to 7,642.67 points.
The decision of the Fed to keep the interest rates unchanged and to additionally easy the monetary policy were the key topic of the markets, which dictated the moods of investors.
Among the major macroeconomic data that will change the markets this week are the business climate in Germany, building permits, consumer confidence and GDP in the fourth quarter of the US, as well as preliminary data on Eurozone inflation in March.
Upcoming economics data
On Monday, March 25, will be released the data on the business climate in Germany by the Ifo Economic Institute. In New Zealand will be published the trade balance data in February.
On Tuesday, March 26, the markets will track the index on German consumer climate, while in France will be published the GDP data in Q4 2018. In the United States, will be released the data on building permits for February, new homes under construction, and the consumer confidence in the country. During the day, the New Zealand Central Bank will hold a monetary policy meeting.
On Wednesday, March 27, the investors will expect the speech by the European Central Bank Governor, Mario Draghi. The United States will announce its trade balance for January and crude oil stocks in the previous week.
On Thursday, March 28, the day will start with the New Zealand business confidence index for March. Europe’s focus is on business climate data and consumer confidence in the third month of the year. Later, the preliminary data on inflation in Germany for March will be released. During the US trading session will be published important data on the number of applications for unemployment and GDP in the fourth quarter.
On Friday, March 29, in Japan will be published the preliminary data on the country’s industrial output in February and retail sales. According to the consensus forecast, however, retail sales in Germany will fall by 0.5% in February, compared with an increase of 3.3% a month earlier. The largest economy in Europe will also release data on the labor market. In the UK, the markets will track the GDP data in the fourth quarter as well as the business investment over the same period. Eurostat will publish preliminary data on Eurozone inflation in March. During the US trading session will be published the data on Canadian GDP and the US sales of new homes.
Upcoming earnings reports
On Monday, March 25, will be published the financial reports of the American manufacturer of motor homes Winnebago Industries, as well as software developer Red Hat Software.
On Tuesday, March 26, the markets will expect the financial statements of the British-American cruise operator Carnival Corporation, financial data companies FactSet and IHS Markit, as well as the biopharmaceutical firm Aeterna Zentaris.
On Wednesday, March 27, the key corporate statement of the software analytics company Verint Systems.
On Thursday, March 28, will be published the finance report of the biotechnology company Capricor Therapeutics Inc and the Greek banks Alpha Bank and National Bank of Greece.
On Friday, March 29, will be published the earnings statement of the Canadian real estate investment management company Dundee Corporation and the software company BlackBerry Limited.