Highlights
UK retail sales volumes in February are expected to fall back 0.5 percent on the month after rebounding 3.4 percent in January following December's 3.3 percent slump.
Germany's Ifo business climate index is forecast at 86.0 in March, up from 85.5 in February and 85.2 in January. The February level was the second lowest reading since October 2022 and historically very weak.
In the Confederation of British Industry (CBI) monthly survey of the manufacturing sector, the headline orders balance is seen rising from minus 20 percent in February to minus 18 percent in March.
Canadian retail sales in January are expected to fall 0.4 percent on the month (the same as Statistics Canada's advance estimate), partly reversing a mostly as-expected 0.9 percent rise in December. Consumer spending has been sluggish amid easing but still high costs.
Federal Reserve Chairman Jerome Powell will give welcome remarks before the"Fed Listens" event to hear perspectives on current economic conditions and how the pandemic experience has reshaped the economy and the workforce at 9 a.m. EDT (1300 GMT).
At the same event, Federal Reserve Board Governor Michelle Bowman will moderate"Panel 1: Evolving Conditions for Families and Job Seekers" shortly after the chairman's welcome remarks and Federal Reserve Vice Chair Philip Jefferson will moderate"Panel 2: Industry Perspectives" at 10 a.m. EDT (1400 GMT).
Federal Reserve Vice Chair for Supervision Michael Barr will participate virtually in"International Economic and Monetary Design" discussion before the Transnational Law Conference on the International Law of Money:"International Economic and Monetary Design" hosted by theUniversity of Michigan Law School at 12:15 p.m. EDT (1615 GMT).
Atlanta Federal Reserve Bank President Raphael Bostic will participate in a moderated conversation on"Household Finance" before the 2024 Household Finance Conference organized by the Financial Services Innovation Lab at the Georgia Institute of Technology and the Federal Reserve Bank of Atlanta at 4 p.m. EDT (2000 GMT).
Germany's Ifo business climate index is forecast at 86.0 in March, up from 85.5 in February and 85.2 in January. The February level was the second lowest reading since October 2022 and historically very weak.
In the Confederation of British Industry (CBI) monthly survey of the manufacturing sector, the headline orders balance is seen rising from minus 20 percent in February to minus 18 percent in March.
Canadian retail sales in January are expected to fall 0.4 percent on the month (the same as Statistics Canada's advance estimate), partly reversing a mostly as-expected 0.9 percent rise in December. Consumer spending has been sluggish amid easing but still high costs.
Federal Reserve Chairman Jerome Powell will give welcome remarks before the"Fed Listens" event to hear perspectives on current economic conditions and how the pandemic experience has reshaped the economy and the workforce at 9 a.m. EDT (1300 GMT).
At the same event, Federal Reserve Board Governor Michelle Bowman will moderate"Panel 1: Evolving Conditions for Families and Job Seekers" shortly after the chairman's welcome remarks and Federal Reserve Vice Chair Philip Jefferson will moderate"Panel 2: Industry Perspectives" at 10 a.m. EDT (1400 GMT).
Federal Reserve Vice Chair for Supervision Michael Barr will participate virtually in"International Economic and Monetary Design" discussion before the Transnational Law Conference on the International Law of Money:"International Economic and Monetary Design" hosted by theUniversity of Michigan Law School at 12:15 p.m. EDT (1615 GMT).
Atlanta Federal Reserve Bank President Raphael Bostic will participate in a moderated conversation on"Household Finance" before the 2024 Household Finance Conference organized by the Financial Services Innovation Lab at the Georgia Institute of Technology and the Federal Reserve Bank of Atlanta at 4 p.m. EDT (2000 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.
