(London time)
Monday, March 11th
On this day, we expect to receive comprehensive data regarding Japan's Gross Domestic Product (GDP) for the fourth quarter. Earlier, the preliminary figures indicated a surprising downturn in Japan, often referred to as the Land of the Rising Sun, suggesting an unexpected recession.
Additionally, there will be significant economic data releases from other countries. These include inflation figures from the Czech Republic and Norway, alongside the disclosure of the value of new loans issued in China.
The Chinese financial update will also cover the money supply in the economy, measured as M2, providing insights into the overall economic health and monetary policy effectiveness in the region.
Tuesday, March 12th
The next day starts with the United Kingdom releasing its labor market statistics, providing a snapshot of employment, unemployment rates, and other key workforce metrics. At 7:00 AM, the focus shifts to Germany, where the final inflation figures will be released. A preliminary inflation rate of 2.5 percent was previously reported, indicating the level of price increases in the German economy.
The highlight of the day, however, is the scheduled release of the U.S. inflation report at 12:30 PM. This data is closely watched as it has remained persistently above the 3 percent mark in recent months. This trend has influenced the Federal Reserve (Fed) to maintain higher interest rates to combat inflation.
The January data revealed a 3.1 percent inflation rate, and forecasts, particularly from the Cleveland Fed, suggest this trend is likely to continue with an expected reading around 3.12 percent.
Wednesday, March 13th
On Wednesday, Romania will present its inflation data, contributing to the broader picture of economic health in Europe. In the United Kingdom, a focus on economic performance continues with the release of GDP data for January and figures on industrial production.
This economic information is not limited to the UK, as Hungary and Romania are also set to disclose their industrial production data. Eurostat, the statistical office of the European Union, will contribute to this economic data release by providing January's retail sales figures in the eurozone. This data is crucial for understanding consumer spending trends and economic vitality within the EU.
Thursday, March 14th
The week continues with more countries presenting their inflation figures on Thursday. This includes data from Sweden and Spain, adding to the understanding of inflationary trends across different European economies. In Switzerland, the focus will be on producer prices, offering insights into inflation from the perspective of goods and services costs for producers.
The United States will not only release its Producer Price Index (PPI) but also additional significant economic indicators. These include retail sales and automotive and fuel sales figures for February.
Furthermore, the U.S. will provide its weekly update on the number of new unemployment benefit claims, a key indicator of the labor market's health.
Friday, March 15th
Slovakia will present its inflation figures early at 8:00 AM, followed by similar data releases from Italy and France. The UK will also report on inflation expectations for the first quarter, providing insights into future economic conditions and consumer confidence.
In the United States, a series of macroeconomic reports are scheduled, encompassing inflation expectations, and prices for both exporters and importers.
However, the most anticipated data might be the February figures for industrial production, an essential indicator of the industrial sector's health and overall economic activity.
March 15th also marks the beginning of the eighth presidential elections in Russia, continuing until March 17th. In anticipation of the election, early voting has commenced in various regions of the country, with the most remote areas beginning their voting process at the end of February.
The outcome of the election is widely expected to favor Vladimir Putin, securing his fifth term as president. Putin's candidacy is independent( haha), distancing himself from the United Russia party, which faces widespread perceptions of corruption(hahaha).
Other "candidates" in the election include Leonid Slutsky, Nikolai Kharitonov, and Vladislav Davankov, providing a semblance of electoral competition in the Russian political landscape.
09.03.2024
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