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Investors focus on coronavirus fiscal aid
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No important readings scheduled from Europe, Canada or the US
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Japan to release preliminary PMIs for March
Economic calendar for Monday is almost empty. Wholesale trade sales data from Canada for January is the only print scheduled for release but it should not have much of an impact on prices. Flash PMIs from Japan will be released overnight and they will offer details on the damage caused by the coronavirus outbreak. Markets’ focus will be on coronavirus spread and response to it. The US Senate failed to agree on a relief package but Republicans and Democrats continue to negotiate and some related headlines are likely to surface in the afternoon.
European & US session
12:30 pm GMT - Canada, wholesale trade sales for January. Expected: -0.2% MoM. Previous: +0.9% MoM
Asian session
0:30 am GMT - Japan, flash PMIs for March.
Economic Calendar - Global series of industrial PMI indicators and tech giants' results
📊Morning Wrap: Oil falls after Qatar talks. China injects liquidity, while the US prepares for elections.
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