Every week we expect many interesting events that can shake the market.
Euro zone sentiment goes down in March
In March, economic sentiment in the European Union headed south for the third month in a row, according to data uncovered by the European Commission on Tuesday. The outcome suggests that economic surge in the European Union wasn’t as steady as previously anticipated.
In March, the Commission's Economic Sentiment Indicator went down to 112.6 from February’s updated outcome of 114.2, which is below the average estimate of 113.4 in a Reuters survey of 34 market experts.
The dismal outcome of economic sentiment paired with diving inflation hopes for customer as well as manufacturers alike, and also earlier data hinting that money supply and loan surge in euro zone had speeded down too, kicked the common currency off a five-week maximum.
Ongoing clashes between Russia and the West and also trade limits recently imposed by Donald Trump have affected markets for the last time. Additionally, they have left their mark on customer and managers all over the world.
As the European Central Bank has recently told, euro zone surge might even outperform hopes in the nearer future, although the sentiment data which is a gauge of a diving trend in Germany, inched down to an 11-month minimum the previous week.
The Commission actually expects the euro zone economy to inch up by approximately 2.3% in 2018 after 2.4% surge the previous year.
The euro zone economy is still driven by the ECB purchasing some 2.5 trillion euro worth of debt for the last three years that has underpinned surge, although has done little to stimulate inflation, staying quite under the major financial intuition’s objective of 2%.
The Commission's Business Climate Indicator, pointing to the phase of the business cycle, went down by more than estimated in March hitting 1.34 versus February’s outcome of 1.48.
How Energy Crisis Affects German PMI August 23, 2022, 10:30 GMT+3 Germany will publish Flash Manufacturing PMI data on Tuesday, August 23, at 10:30 MT time (GMT+3)…
A new week means new trading opportunities! Here are some events that can fluctuate the market actively…
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.