Europe & US in focus leading into weekend

March 24, 2017

Quite a few announcements coming out later today and in the early hours of tomorrow morning. Most of these announcements are from Europe and the US.

Later tonight, Europe is releasing a few pieces of information that are considered important for markets. This information includes: European/German/French Flash Manufacturing PMI’s and European/German/French Flash Services PMI’s. These figures are vital to gauging the health and strength of the manufacturing and services sectors. These sectors are important to their respective economies and are crucial to the continued economic recovery of the Eurozone.

In the early hours of tomorrow morning, the US is publishing a few pieces of data that markets will be looking at with interest. The most important data is the Core Durable Goods Orders. This is the change in the total value of new purchase orders placed with manufacturers for durable goods. This is vital to get an indication of the strength of the manufacturing sector, even more so considering Donald Trump promised to ‘revive’ the manufacturing sector. The US is also publishing Durable Goods Orders, Flash Manufacturing PMI and Flash Services PMI data. Fed Reserve Member, Charles Evans, is also due to speak.

Elsewhere around the world, the UK is releasing BBA Mortgage Approvals and Canada is reporting its CPI as well as its Common/Median/Trimmed & Core CPI figures.