A preview of what's to come in European trading later
Good day, everyone! Hope you're all doing well. We're in the final day of the trading week, but there's been plenty of action to be had already - in terms of headlines at least.
The big news is that US national security adviser is reportedly fired by Trump, and the "Survivor: White House edition" moves onto the next episode. Yen pairs were sent lower on the news as S&P 500 futures also dipped.
Here is the snapshot of the major bloc performance against the dollar so far today:
And here is what's coming up on the calendar in Europe:
0700 GMT - Germany February wholesale price index data
Prior figures can be found here. The index measures the value of sales made by wholesalers in Germany. A minor data point, but provides some insight to consumption and retail patterns.
0900 GMT - Italy February final CPI data
Preliminary figures can be found here. Not a significant data point as it's the final reading, and focus will be on the Eurozone figures later.
1000 GMT - Eurozone February final CPI data
1000 GMT - Eurozone Q4 labour costs/wages y/y
Preliminary figures can be found here for inflation data. As it's the final reading, not expected to have any market impact unless the data point skews quite a bit to the upside or downside. I reckon a downside miss may cause a bit more of a stir. For wages data, prior figures can be found here. A minor data point.
That's about it on the day in European trading. I wish you all a great day ahead, and as always good luck with your trading!
And for those out there, a Happy Saint Patrick's Day in advance! Go get your green on!
