Highlights
Before the US markets open, Singapore's industrial production is expected to rebound 1.4 percent on the month in February after falling 1.1 percent in January. From a year earlier, output is seen down 2.4 percent after a 2.7 percent drop.
In the UK, retail sales in February are expected to edge 0.2 percent higher on the month following a surprising 0.5 percent rebound in January. Sales are still seen down 5.0 percent on the year after a similar 5.1 percent dip the previous month.
In the French purchasing managers index (PMI) data, services shot nearly 4 points higher in February to 53.1 while manufacturing, however, slowed sharply to 47.4. March's expectations are 52.5 for services and 48.1 for manufacturing.
In Germany, the PMI for manufacturing, at 46.3 in February, has been in significant contraction and only limited relief, at 47.0, is expected for March. Services, after February's 50.9, is seen up at 51.1 in March.
In the Eurozone, after February's 48.5 for manufacturing and 52.7 for services, the consensus estimates for March's manufacturing is 49.0 and services 52.5.
US durable goods orders are forecast to post a 1.5 percent rise on the month in February boosted by an easy comparison against January's 4.5 percent downswing on aircraft orders. Excluding transportation, orders are seen up 0.3 percent following a 0.7 percent jump in January.
In the US PMI data, services popped back into the 50 column in February for the first time in eight months. 50.3 is the consensus for March. Manufacturing in contrast has been in sub-50 contraction for the last four months. 47.2 is the manufacturing consensus.
Canadian retail sales in January are expected by economists to rise a solid 0.7 percent, the same as Statistics Canada's early estimate. In December, retail sales rose 0.5 percent, driven by an increase in autos, as sales ex-autos fell 0.6 percent.
St. Louis Federal Reserve Bank President James Bullard will give a presentation and participate in a fireside chat on the U.S. economy and monetary policy before Greater St. Louis Inc. at 9:30 a.m. EDT (1330 GMT).
In the UK, retail sales in February are expected to edge 0.2 percent higher on the month following a surprising 0.5 percent rebound in January. Sales are still seen down 5.0 percent on the year after a similar 5.1 percent dip the previous month.
In the French purchasing managers index (PMI) data, services shot nearly 4 points higher in February to 53.1 while manufacturing, however, slowed sharply to 47.4. March's expectations are 52.5 for services and 48.1 for manufacturing.
In Germany, the PMI for manufacturing, at 46.3 in February, has been in significant contraction and only limited relief, at 47.0, is expected for March. Services, after February's 50.9, is seen up at 51.1 in March.
In the Eurozone, after February's 48.5 for manufacturing and 52.7 for services, the consensus estimates for March's manufacturing is 49.0 and services 52.5.
US durable goods orders are forecast to post a 1.5 percent rise on the month in February boosted by an easy comparison against January's 4.5 percent downswing on aircraft orders. Excluding transportation, orders are seen up 0.3 percent following a 0.7 percent jump in January.
In the US PMI data, services popped back into the 50 column in February for the first time in eight months. 50.3 is the consensus for March. Manufacturing in contrast has been in sub-50 contraction for the last four months. 47.2 is the manufacturing consensus.
Canadian retail sales in January are expected by economists to rise a solid 0.7 percent, the same as Statistics Canada's early estimate. In December, retail sales rose 0.5 percent, driven by an increase in autos, as sales ex-autos fell 0.6 percent.
St. Louis Federal Reserve Bank President James Bullard will give a presentation and participate in a fireside chat on the U.S. economy and monetary policy before Greater St. Louis Inc. at 9:30 a.m. EDT (1330 GMT).
Definition
Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.
Description
Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.
