Coronavirus, trade, inflation, and political concerns are expected to shape investor sentiment this week. On the U.S. economic calendar this week, we’ll get key readings on inflation (CPI and PPI), unemployment claims, the Treasury budget, and consumer sentiment. The consensus forecasts are that the core consumer and producer price index increases were modest in February, while U.S. consumer sentiment is starting to soften.
Overseas, we’ll get industrial production numbers from Germany, Italy, France, Great Britain, and the Euro zone, along with inflation data from China, Japan, and some of the major European economies. Investors will also be paying close attention to the latest monetary policy statement from the European Central Bank and the UK’s budget plan. The Financial Times reports, “On Wednesday UK chancellor Rishi Sinek will, after being in the job just 27 days, deliver his first Budget, the first since 2018 and also the first big financial statement of Boris Johnson’s government, which is seeking to implement large scale stimulus and introduce a new set of fiscal rules.” As a reminder, the comment period for U.S. tariff waiver extensions for wear parts closes this week on March 15. For more information, please contact Adina Renee Adler. Many thanks and have a great week!