mask Week Ahead | Trump States

03/ 03/ 2019

Week Ahead | Trump States "Stronger Dollar is bad for Business", while Focus will be on UK & Euro Monetary Policy

4th March 2019 - 8th March 2019

Monday

  • EUR Sentix Investor Confidence
  • GBP Markit Construction PM

To start with a Semi-Busy week Euro Zone will release their Sentix Investor Confidence which will give us an indication of the current European Economy and their future investment plans. GBP Construction PM released shows business conditions in the UK construction sector

 

Tuesday

  • EUR Markit Services
  • GBP Markit Services PMI & Bank of England Governor Speech
  • US ISM Non-manufacturing PMI

Euro Markit Services released by the Markit Economics is an indicator of the economic situation in the Euro Zone services sector. It captures an overview of the condition of sales and employment GBP PMI service released by both the Chartered Institute of Purchasing & Supply and the Markit Economics is an indicator of the economic situation in the UK services sector. Followed by the Speech from Bank of England Mark Carney on current Economic conditions and future strategic projections.

The ISM Non-Manufacturing Index released by the Institute for Supply Management (ISM) shows business conditions in the US non-manufacturing sector

 

Wednesday

  • US ADP Employment Change
  • BOC Statement & Interest Rate Decision

US ADP Employment change is a measure of the change in the number of employed people in the US, a rise in this indicator has positive implications for consumer spending, stimulating economic growth. BoC Interest Rate Decision is announced by the Bank of Canada. If the BoC is hawkish about the inflationary outlook of the economy and rises the interest rates including the Interest Rate Decisions.

           

Thursday

  • EUR GDP, Interest Rate Decision & Monetary Policy Statement
  • US Initial Jobless Claims

The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health. Followed by the most important Data for the day which is Interest Rate Decisions & their monetary policy statement.

Later on Thursday US will release their Initial Jobless Claims which provides a measure of strength in the labor market. A larger than expected number indicates weakness in this market which influences the strength and direction of the US economy

 

Friday

  • US Average Hourly Earnings & Non-Farm Payrolls

The Average Hourly Earnings released by the US Department of Labor is a significant indicator of labor cost inflation and of the tightness of labor markets. To finally conclude the Week US will release High tier data which is Non-Farm payrolls the monthly changes in payrolls can be extremely volatile, due to its high relation with economic policy decisions made by the Central Bank