This week, traders’ attention will be focused on various international announcements and economic reports, although the working week will be shorter. On Friday, the US financial markets will be closed because of the Good Friday.
First of all, investors will attentively follow the situation of the trade war between the USA and China, which is about to take place. Besides, there are scheduled several public speeches by the officials, responsible for the Fed’s monetary policy. They are expected to speak about the likelihood of federal funds rate hike in the near future.
Monday, March 26. German central bank’s (Deutsche Bundesbank) president Jens Weidmann is to deliver a speech “New situation in Europe” in Vienna. Besides, there will be the speeches, presented by New-York Fed’s chairman William Dudley, Cleveland Fed’s CEO Loretta J. Mester, and the Fed’s vice chairman Randal Quarles.
Tuesday, March 27. Spain will publish an interim report on consumer price inflation, in the USA, there will be published the data on consumer confidence, and Atlanta Fed’s CEO Raphael Bostic will present a speech at the forum in Atlanta.
Wednesday, March 28. In the USA, there will be released the report on US GDP for the fourth quarter, as well as the report on pending home sales volume.
Thursday, March 29. In Germany, there will be published the data on inflation that will help to understand, how soon the ECB will end up its Quantitative Easing program. Besides, in Great Britain, there will be released the UK GDP for the fourth quarter, which will help to assess the country’s economy and the likelihood of the interest rate’s increase by the Bank of England in 2018. In addition, the Canada’s GDP value is worth attention, as it will clarify the country’s economic state.
Trading week will be finished by the US reports on initial jobless claims and personal income and spending. In addition, there will be published the US price index of personal consumption expenditures, which is the main measure of inflation for the Federal Reserve.