There were no data releases from Eurozone yesterday, with euro continuing to decline. Markets are turned to speculations on future ECB moves. Mario Draghi has two weeks left to decide how to ramp up stimulus in a way that doesn’t upset either his colleagues or investors. When European Central Bank policy makers meet in Frankfurt from March 9-10, they’ll consider whether negative interest rates and 60 billion euros ($67 billion) a month of debt purchases is enough to revive consumer prices.
Tomorrow, from Eurozone, M3 Money Supply figures will be published. Incline by 4.7% is forecasted. In the US session Unemployment Claims and Durable Goods Orders figures will be released. Analysts predict increase to 272,000 in Unemployment Claims and 3.0% rise in Durable Goods Orders.
Figures to watch:
M3 Money Supply (Thursday 10:00)
Unemployment Claims (Thursday 14:30)
Durable Goods Orders (Thursday 14:30)
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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