The Week Ahead: Mar 7-11

Theme for the week:

U.S. stocks will trade Monday on a three week winning streak. The catalysts to watch for this week will be 1) economic data out of China; 2) ECB meeting on 3/10. The European Central Bank will meet to make a decision whether or not to again lower the region’s interest rates in order to stimulate the European economy; general consensus is a 10-20 basis point cut, according to The Financial Times.

Monday, March 7

  • Stanley Fischer, vice chairman of the U.S. Federal Reserve System, delivers the luncheon lecture at the annual policy conference of the National Association for Business Economics.
  • Deutsche Bank AG hosts the 24th Annual Media, Internet & Telecom Conference. Companies giving keynote presentations include AT&T Inc., CBS Corp., Snapchat Inc., Verizon Communications Inc., T-Mobile US Inc., Walt Disney Co. and Liberty Media Corp.
  • The U.S. Energy Information Administration releases its monthly Drilling Productivity Report, showing estimates for oil and gas output from the biggest shale formations.
  • Economic news for the day: U.S. labor market conditions index (Feb.), U.S. consumer credit (Jan.), Taiwan trade data (Feb.), China foreign reserves (Feb.), Euro area sentix investor confidence (March), German factory orders (Jan.), Hungary budget balance (Feb.), South Africa gross and net reserves (Feb.), Israel foreign-currency balance (Feb.), Egypt foreign reserves (Feb.).

Tuesday, March 8

  • The U.S. Energy Information Administration releases its monthly Short-Term Energy Outlook on oil, gas and power.
  • Economic news for the day: NFIB U.S. small-business optimism index (Feb.), China trade surplus, imports, exports (Feb.), Taiwan inflation (Feb.), Japan final GDP (fourth quarter), euro area GDP (fourth quarter), Romania GDP (fourth quarter), Hungary GDP (fourth quarter), Hungary CPI (Feb.), South Africa current-account balance (fourth quarter), Turkey industrial production (Jan.).

Wednesday, March 9

  • Norway’s sovereign wealth fund releases a report on its investments in 2015 at 10:00 CET (04:00 EST) in Oslo.
  • The U.S. Energy Information Administration releases its oil inventory report.
  • Economic news for the day: U.S. MBA mortgage applications (weekly), U.S. wholesale inventories (Jan.), World Agricultural and Demand Estimate WASDE report (Feb.), Brazil IPCA inflation (Feb.), Mexico inflation (Feb.), U.K. industrial production (Jan.), U.K. manufacturing production (Jan.), U.K. NIESR GDP estimate (Feb.), Czech CPI (Feb.), Ukraine CPI (Feb.), Nigeria GDP (fourth quarter).

Thursday, March 10

  • The European Central Bank’s Governing Council meets to review interest rates and stimulus programs. President Mario Draghi gives a press conference 45 minutes after the 13:45 CET rate decision (07:45 EST).
  • The U.S. Energy Information Administration releases its weekly natural gas inventory report.
  • Economic news for the day: U.S. jobless claims (weekly), U.S. Bloomberg consumer comfort (weekly), U.S. quarterly services survey (4Q), U.S. household net worth (4Q), U.S. budget statement (Feb.), Brazil retail sales (Jan.), Colombia GDP (4Q), China inflation (Feb.), China new lending, money supply (Feb.) anytime March 10-15, Germany trade data (Jan.), Estonia GDP (fourth quarter), Portugal CPI (Feb.), South Africa manufacturing production (Jan.), Israel GDP(fourth quarter), Egypt CPI (Feb.), Turkey current-account balance (Jan.).

Friday, March 11

  • PJM Interconnection LLC, operator of the largest U.S. power grid, will announce the results of an electricity capacity auction. The results may show the impact of recent plant retirements and PJM’s cuts to its long-term demand growth forecasts.
  • Economic news for the day: U.S. import-price index (Feb.), Canada unemployment (Feb.), Mexico industrial production (Jan.), U.K. trade report (Jan.), U.K. construction output (Jan.), Romania CPI (Feb.), Serbia CPI (Feb.), Russian weekly CPI (March 9), Portugal trade balance (Jan.).

Source

-Syfur

 

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Categories: Capital Markets

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