Highlights
France's INSEE business climate indicator which has been flat and is forecast to slip by 1 point to 103 in March.
The US goods deficit (Census basis) is expected to narrow by $1.1 billion to $90.0 billion in February after widening by $1.2 billion in January to $91.1 billion and reflecting in part a second monthly jump in vehicle imports.
Among other US data, the second estimate for February wholesale inventories is a draw of 0.2 percent versus a draw of 0.4 percent in the first estimate.
The Case-Shiller home price index for the adjusted 20-city is forecast to post a 3.7 percent rise on the year in January, slowing from December's 4.6 percent.
The Federal Housing Finance Agency (FHFA)'s house price index has flattened out, coming in marginally changed to unchanged the last four reports. January's consensus is a 0.2 percent drop on the month following a 0.1 percent dip in December.
The Conference Board's consumer confidence index is expected to show a third consecutive monthly drop in March, falling further to 101.0 from 102.9 in February and 106.0 in January. In the face of high prices and rising interest rates, fewer consumers appeared to be buying homes, vehicles or major appliances, the Conference Board said last month.
Richmond Fed's manufacturing index is not expected to emerge from contraction in March, at a consensus minus 8, following minus 16 in February, minus 11 in January and plus 1 in December. Order readings in this report turned deeply negative in January and February.
Federal Reserve Vice Chair for Supervision Michael Barr will testify on Bank Oversight before the Senate Committee on Banking, Housing and Urban Affairs at 10 a.m. EDT (1400 GMT).
In Australia, consensus for consumer prices in February are expected to ease, but only slightly, to a year-over-year 7.2 percent versus 7.4 percent in January, saying far above the Reserve Bank of Australia's 2 to 3 percent inflation target range.
At its latest policy meeting on March 7, the RBA board decided to increase the cash rate target by 25 basis points to 3.60 percent, noting that further tightening of monetary policy will be needed to ensure that inflation returns to target and that this period of high inflation is only temporary.
The US goods deficit (Census basis) is expected to narrow by $1.1 billion to $90.0 billion in February after widening by $1.2 billion in January to $91.1 billion and reflecting in part a second monthly jump in vehicle imports.
Among other US data, the second estimate for February wholesale inventories is a draw of 0.2 percent versus a draw of 0.4 percent in the first estimate.
The Case-Shiller home price index for the adjusted 20-city is forecast to post a 3.7 percent rise on the year in January, slowing from December's 4.6 percent.
The Federal Housing Finance Agency (FHFA)'s house price index has flattened out, coming in marginally changed to unchanged the last four reports. January's consensus is a 0.2 percent drop on the month following a 0.1 percent dip in December.
The Conference Board's consumer confidence index is expected to show a third consecutive monthly drop in March, falling further to 101.0 from 102.9 in February and 106.0 in January. In the face of high prices and rising interest rates, fewer consumers appeared to be buying homes, vehicles or major appliances, the Conference Board said last month.
Richmond Fed's manufacturing index is not expected to emerge from contraction in March, at a consensus minus 8, following minus 16 in February, minus 11 in January and plus 1 in December. Order readings in this report turned deeply negative in January and February.
Federal Reserve Vice Chair for Supervision Michael Barr will testify on Bank Oversight before the Senate Committee on Banking, Housing and Urban Affairs at 10 a.m. EDT (1400 GMT).
In Australia, consensus for consumer prices in February are expected to ease, but only slightly, to a year-over-year 7.2 percent versus 7.4 percent in January, saying far above the Reserve Bank of Australia's 2 to 3 percent inflation target range.
At its latest policy meeting on March 7, the RBA board decided to increase the cash rate target by 25 basis points to 3.60 percent, noting that further tightening of monetary policy will be needed to ensure that inflation returns to target and that this period of high inflation is only temporary.
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.
