14 March 2022
Chris Scicluna
,
Emily Nicol
- Beyond events in Ukraine and Russia, the week will be dominated by monetary policy decisions with the Fed on Wednesday set to raise interest rates for the first time this cycle.
- Thursday will likely see the BoE raise Bank Rate for the third consecutive meeting, but PBoC policy easing possible (tomorrow).
- With Japanese GDP set to contract again this quarter and underlying inflation far softer, BoJ expected to leave its ultra-accommodative policy parameters unchanged (Friday).
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11 March 2022
Chris Scicluna
,
Emily Nicol
- Japanese data flag weakness of household spending and deterioration in overall business conditions at the start of the year
- After the ECB’s policy announcements suggested the hawks have the upper hand for now, EU leaders failed to agree yesterday evening how to reduce dependence on Russian natural gas.
- The rise in German inflation in February, due largely to higher prices of energy and food, was confirmed this morning.
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10 March 2022
Chris Scicluna
,
Emily Nicol
- Beyond events in Ukraine, the ECB’s policy announcement is key for European markets today.
- The main data event today is the US CPI report for February, with another sizeable increase in prices on the month set to push the annual headline rate closer to 8%.
- Japanese PPI beats expectations, rising to 40-year high.
- UK surveys signal ongoing significant tightness of labour and residential property markets.
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08 March 2022
Chris Scicluna
,
Emily Nicol
- Japanese economy watchers remain downbeat about current conditions.
- UK retail sales survey points to ongoing growth in February.
- Small business sentiment and external trade the data focus today in the US.
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07 March 2022
Chris Scicluna
,
Emily Nicol
- ECB policy announcements the main economic event from the major economies this week.
- US CPI inflation data (Thursday) set to highlight continued broad-based price pressures.
- German factory orders were stronger at the start of the year, and survey data this week will give an indication of euro area investor sentiment since the Russian invasion.
- UK GDP data for January due at the end of the week.
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