EUROPEAN SESSION
In the European session, we get the final PMIs for the major Eurozone economies and the UK. The data isn't going to change anything for the respective central banks and will certainly be overshadowed by the conflict in the Middle East. In fact, depending on the length of the conflict, all the data could become obsolete as higher oil prices and weakness in the stock markets could negatively affect economic activity.
AMERICAN SESSION
In the American session, we get the US ISM Manufacturing PMI. The index is expected to tick lower to 51.5 vs 52.6 prior. The S&P Global US PMIs were weaker than expected and lower than previous month. The agency noted that "a combination of weakened demand, high prices, and adverse weather colluded to dampened business activity in February, resulting in the slowest expansion of output for ten months". Again, the market focus is solely on the conflict in the Middle East now, so the data might not matter much.
CENTRAL BANK SPEAKERS
- 12:30 GMT/07:30 ET - RBA's Hunter (hawkish - voter)
- 12:30 GMT/07:30 ET - BoE's Taylor (dovish - voter)
- 14:00 GMT/09:00 ET - ECB's President Lagarde (neutral - voter)
- 14:00 GMT/09:00 ET - ECB's Nagel (neutral - voter)
- 14:00 GMT/09:00 ET - ECB's Stournaras (neutral - voter)
- 14:15 GMT/09:15 ET - BoC's Kozicki (neutral - voter)
- 21:10 GMT/16:10 ET - RBA's Governor Bullock (hawkish - voter)
