Economic calendar: CPI data from Europe and PCE data from the US

Economic calendar: CPI data from Europe and PCE data from the US
  • European indices open flat
  • March CPI readings from France, Italy, Poland and the Eurozone
  • Personal consumption expenditures inflation for the month of February from the United States

Today’s European index futures point to a fairly flat open for the monetary session on the Old Continent. This follows upbeat trading on Wall Street yesterday and Asia today. Safe-haven currencies such as the Japanese yen or the Swiss franc are falling, with sterling and antipodean currencies leading gains among their G10 peers. Cryptocurrencies are trading higher while energy commodities are falling slightly.

Today’s economic calendar has some noteworthy releases. Traders will be shown CPI readings for March from France, Poland and Italy, as well as a reading for the Eurozone as a whole. US February PCE inflation data will be released in the early afternoon along with US personal income and spending data. UoM Consumer Confidence Index adjusted for today’s calendar releases set for March. However, traders will also receive comments from ECB President Lagarde and 3 Fed members in the evening, so EUR/USD may see some volatility at that time.

7:45AM GMT – France, CPI inflation for March. Expected: 5.5% annually. The former: 6.3% annually

8:55 AM GMT – Germany, unemployment rate for March. Expected: 5.5%. Previous: 5.5%

9am GMT – Poland, CPI inflation for March. Expected: 15.9% annually. Previous: 18.4% YoY

10am GMT – Italy, CPI inflation for March. Expected: 8.2% annually. The former: 9.1% annually

10am GMT – Eurozone CPI inflation for March.

  • Title. Expected: 7.1% annually. The former: 8.5% annually
  • nucleus. Expected: 5.7% annually. Previous: 5.6% YoY

1.30pm GMT – US data packet for February.

  • PCE address. Expected: 5.1% annually. Previous: 5.4% YoY
  • Basic PCE. Expected: 4.7% annually. Previous: 4.7% YoY
  • personal gain. Expected: 0.2% mom. Previous: 0.6% per month
  • personal spending. Expected: 0.3% mom. Previous: 1.8% per month

2.45pm GMT – US, Chicago PMI for March. Expected: 43.5. Ex: 43.6

3pm GMT – US University of Michigan Index for March (Final). First release: 63.4

Central Bank Governors Speeches

  • 4.00pm GMT – ECB President Lagarde
  • 8.05pm GMT – Fede Williams
  • 9pm GMT – Fed Waller
  • 10.45pm GMT – Fed Cook

This article is a marketing communication within the meaning of Art. 24, Paragraph 3, of Directive 2014/65/EU of the European Parliament and of the Council of May 15, 2014, relating to markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). The marketing communications are not an investment recommendation or information that recommends or suggests an investment strategy in the regulatory sense (EU). 596/2014 of the European Parliament and of the Council, of 16 April 2014, relating to market abuse (regulation of market abuse) repealing Directive 2003/6/EC of the European Parliament and Council and Commission Directive 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegate Regulation (EU) 2016/958, of March 9, 2016, which supplements the EU Regulation) n. 596/2014 of the European Parliament and of the Council in relation to regulatory technical standards for technical provisions for the objective presentation of investment recommendations or other information recommending or proposing an investment strategy and for the disclosure of particular interests, indications of conflict of interest or any other advice, including within the scope of investment advice, Pursuant to the Securities Act of July 29, 2005 (eg, Journal of Laws 2019, Section 875, as amended). Marketing communication is prepared with utmost diligence and objectivity, presents facts known to the author at the date of preparation and is devoid of evaluation elements. Marketing communications are prepared without taking into account the client’s needs and individual financial situation and does not present any investment strategy in any way. A marketing communication does not constitute an offer to sell, offer, subscribe to, solicitation, advertisement or promotion of financial instruments. XTB SA is not liable for any actions or omissions on the part of the client, in particular with regard to the acquisition or disposal of financial instruments. XTB accepts no liability for any loss or damage, including without limitation, any losses that may arise directly or indirectly, incurred on the basis of the information contained in this marketing communication. In the event that marketing communications contain information about any results relating to the financial instruments referred to in them, this does not constitute any guarantee or prediction as to future results. Past performance is not necessarily a guide to future results, and anyone acting on this information does so at their own risk.

See also  The United States shoots the mayor in North Carolina: "five dead"

Leave a Reply

Your email address will not be published. Required fields are marked *