Economic calendar: Investors await virus-infected PMIs

• Flash PMIs from Europe and the United States

• US Senate still negotiates coronavirus relief package

Macro data has been overlooked by investors recently as they were focused on spreading coronavirus. However, we have come to a point when newly published data will capture the impact of coronavirus. Flash PMIs for March from Europe and the United States will be released today and they are a key point in the calendar. Apart from that, traders should keep in mind that parties in the US Senate are still negotiating a coronavirus relief package. Progress is said to be made yesterday and a meaningful vote could be held today in the afternoon.

8:30 am GMT - Germany, PMI indices for March (flash)

• Manufacturing. Expected: 39.6 pts. Previous: 48 pts

• Services. Expected: 42.3 pts. Previous: 52.5 pts

9:00 am GMT - Euro area, PMI indices for March (flash)

• Manufacturing. Expected: 39 pts. Previous: 49.2 pts

• Services. Expected: 39 pts. Previous: 52.6 pts

9:30 am GMT - UK, PMI indices for March (flash)

• Manufacturing. Expected: 45 pts. Previous: 51.7 pts

• Services. Expected: 45 pts. Previous: 53.2 pts

1:45 pm GMT - US, PMI indices for March (flash)

• Manufacturing. Expected: 42.8 pts. Previous: 50.7 pts

• Services. Expected: 42 pts. Previous: 49.4 pts

2:00 pm GMT - US, Richmond Fed index for March. Expected: -10 pts. Previous: -2 pts

2:00 pm GMT - US, new home sales for February. Expected: 750k. Previous: 764k

9:40 pm GMT - API report on oil stockpiles. Expected: 2.9 mb. Previous: -0.4 mb