Economic calendar: Inflation data dominates calendar

• Markets in panic mode

• Inflation data from France, Italy, Germany and the United States

• Central bankers may offer hints on potential policy response to the situation

Today’s calendar is dominated by inflation readings from the euro area (France, Italy, Germany) and the United States. However, traders should keep in mind that data releases may be overlooked by the markets amid ongoing turmoil. Coronavirus-related news is likely to dominate trading. Speech from Fed’s Bullard and PCE print may offer a hint on whether Fed will cut rates during next meeting (March 18) or not. Preliminary CPI print for the euro area will be released on Tuesday, March 3.

7:45 am GMT - France, CPI inflation for February (flash). Expected: 1.4% YoY. Previous: 1.5% YoY

8:30 am GMT - Sweden, GDP for Q4 2019. Expected: 0.8% YoY. Previous: 1.6% YoY

9:00 am GMT - Poland, GDP for Q4 2019. Expected: 3.1% YoY

10:00 am GMT - Italy, CPI inflation for February (flash). Expected: 0.4% YoY. Previous: 0.4% YoY

1:00 pm GMT - Germany, CPI inflation for February (flash). Expected: 1.7% YoY. Previous: 1.7% YoY

1:30 pm GMT - US, PCE inflation for January. Expected: 1.8% YoY. Previous: 1.6% YoY

2:45 pm GMT - US, Chicago PMI for February. Expected: 45.9 pts. Previous: 42.9 pts

3:00 pm GMT - University of Michigan consumer sentiment for February (final). Expected: 100.7 pts.  Previous: 100.9 pts

Central bankers’ speeches

• 10:00 am GMT - Bundesbank President Weidmann

• 11:15 am GMT - BoE Chief Economist Haldane

• 2:15 pm GMT - Fed’s Bullard

• 4:15 pm GMT - BoE’s Cunliffe