A preview of what is to come in European trading later
Howdy, everyone! Hope you're all having a good day as we get things started. It's been a quiet session so far in Asian trading, but more trade rhetoric is stealing the headlines for the most part.
China's premier Li Keqiang came out to say that no one is a winner in trade wars between the country and the US. It's a similar one that was mentioned by IMF chief Lagarde last week too.
But that surely won't be enough to stop Trump from implementing further tariffs on China, which the Washington Post reports an amount of $60 billion.
Anyway, let's dive right into the calendar for today:
0645 GMT - SECO releases Switzerland economic forecasts as at March 2018
Mainly to accompany the forecasts provided by the SNB earlier here. The central bank figures hold more weight, so these are just alternate views.
0700 GMT - Germany February PPI figures
Prior figures released here. We already had inflation figures released earlier, so this data point doesn't really offer much but the declining trend could be an indicator of possibly slowing inflationary pressures.
0700 GMT - Switzerland February trade balance data
Prior figures can be found here. A minor data point, but it'll be interesting to see if the surplus is continuing to shrink or not.
0930 GMT - UK February CPI figures
0930 GMT - UK February PPI figures
Prior figures can be found here and here respectively. The key to watch will be the core CPI again, which is expected to come in at +2.5% y/y - a decline from last month. That will help to ease consumer strain worries and supports further the view that inflation has already peaked last year.
1000 GMT - Germany March ZEW economic sentiment survey
Prior release can be found here. They are forward looking indicators, measuring expectations of economic growth over the next 6 months. Not expected to have too much of an impact on the EUR.
That's all for the day. Hope you all have a great day ahead, and as always good luck with your trading!
