- European indices set for higher opening
- US manufacturing ISM seen improving in February
- Revisions of February manufacturing PMI data
European indices are set for a higher opening of the cash session today. German DAX futures are trading above 17,800 pts. This comes after an upbeat Asia-Pacific session, during which Japanese Nikkei jumped 1.9% and tested 40,000 pts area for the first time in history. Cryptocurrencies are trading higher as well. AUD and NZD are the best performing G10 currencies, while JPY and CHF lag the most.
Economic calendar for today is packed with manufacturing PMI releases. However, majority of those will be revisions to February data. Apart from those, traders will also be offered US ISM manufacturing index for February and flash CPI inflation data for February from euro area.
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Open account Try demo Download mobile app Download mobile app8:00 am GMT - Poland, manufacturing PMI for February. Expected: 47.0. Previous: 47.1
8:15 am GMT - Spain, manufacturing PMI for February. Expected: 50.0. Previous: 49.2
8:45 am GMT - Italy, manufacturing PMI for February. Expected: 49.2. Previous: 48.5
8:50 am GMT - France, manufacturing PMI for February (final). First release: 46.8
8:55 am GMT - Germany, manufacturing PMI for February (final). First release: 42.3
9:00 am GMT - Euro area, manufacturing PMI for February (final). First release: 46.1
9:30 am GMT - UK, manufacturing PMI for February (final). First release: 47.1
10:00 am GMT - Euro area, flash CPI inflation for February.
- Headline. Expected: 2.5% YoY. Previous: 2.8% YoY
- Core. Expected: 2.9% YoY. Previous: 3.3% YoY
2:45 pm GMT - US, manufacturing PMI for February (final). First release: 51.5
3:00 pm GMT - US, manufacturing ISM for February. Expected: 49.5. Previous: 49.1
3:00 pm GMT - US, University of Michigan data for February (final).
- Consumer sentiment. First release: 79.6
- Current conditions. First release: 81.5
- Expectations. First release: 78.4
- 1-year inflation expectations. First release: 3.0%
- 5-year inflation expectations. First release: 2.9%
Central bankers' speeches
- 10:00 am GMT - ECB Holzmann
- 1:30 pm GMT - Fed Barkin
- 2:00 pm GMT - BoE Pill
- 3:15 pm GMT - Fed Waller & Logan
- 5:15 pm GMT - Fed Bostic
Top Wall Street earnings
- Plug Power (PLUG.US) - before market open
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