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European indices gain at the beginning of a new week
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DE30 tests 15,300 pts area
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German Ifo index for March in the calendar
European stock markets launched today's cash trading session higher with German DE30 testing 15,300 pts area in the first minutes of trade. Upbeat moods can be seen all across the Old Continent and on other financial markets as well with cryptocurrencies trading higher and oil advancing. GBP and AUD are the best performing G10 currencies while USD and JPY lag the most.
Economic calendar for the day ahead is rather light with just two noteworthy survey data prints scheduled. First, traders will be offered the German Ifo index for March, which is expected to stay mostly unchanged. Secondly, the Dallas Fed index for March will be released and it is expected to swing to negative. Nevertheless, this report rarely moves the markets. However, a number of ECB speakers as well as BoE Governor Bailey and Fed Jefferson are scheduled to speak throughout the day and it may lead to some FX volatility. Things get more interesting in the second half of the week with releases of flash CPI data from Europe.
9:00 am BST - Germany, Ifo index for March. Expected: 91.0. Previous: 91.1
3:30 pm BST - US, Dallas Fed index for March. Expected: -5.0. Previous: 2.0
Central bankers' speeches
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8:30 am BST - ECB De Cos
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9:00 am BST - ECB Simkus
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9:30 am BST - ECB Nagel
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3:40 pm BST - ECB Elderson
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4:00 pm BST - ECB Centeno
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5:00 pm BST - ECB Schnabel
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7:00 pm BST - BoE Governor Bailey
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11:00 pm BST - Fed Jefferson
Key events in the later part of the week
Tuesday
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3:00 pm BST - US, Conference Board consumer confidence for March
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9:40 pm BST - API report on US oil inventories
Wednesday
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3:30 pm BST - US, DOE report on oil inventories
Thursday
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8:00 am BST - Spain, CPI inflation for March
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1:00 pm BST - Germany, CPI inflation for March
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1:30 pm BST - US, GDP report for Q4 (revision)
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3:30 pm GMT - US, EIA report on natural gas storage
Friday
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2:00 am BST - China, official PMIs for March
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7:45 am BST - France, CPI inflation for March
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10:00 am BST - Euro area, CPI inflation for March
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1:30 pm BST - US, PCE inflation for February
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3:00 pm BST- US, University of Michigan consumer sentiment for March (final)
