03/22/2015 – Economic Events Of The Coming Week

Monday: Existing Home Sales data will see light in the U.S, where analysts see the print closing the gap towards 5 M. Advance Consumer Confidence data will see light in the Eurozone.

Tuesday: Expect heavy Manufacturing Purchasing Managers Index releases for the day. Among these, it will be interesting to see the Markit/JMMA Japan Manufacturing PMI, HSBC China PMI and the Germany and Eurozone PMIs. The release of February’s Consumer Price Index, in the U.K., is expected by analysts to lead annual inflation down to 0.1%, from 0.3% in January. February’s CPI will also see light in the U.S., where deflation is already at 0.1%. The U.S. will also see the release of the Markit Manufacturing PMI as well as February's New Home Sales, which is still running significantly below 500K.

Wednesday: March Manufacturing Confidence Data will be released in France. In Germany, the IFO survey will see light, with analysts cautiously optimistic. The weekly MBA Mortgage Applications will see light in the U.S., after last week’s print recorded the largest drop in five weeks.

Thursday: The final estimate for Q4's French GDP will see light, still in ~0% growth territory. M3 Money Supply will be released in the Eurozone. In the U.K., Feb Retail Sales data will see light, where analysts expect to see a recovery from recent negative prints. The weekly Initial Jobless Claims will also see light in the U.S., in hope of securing its third consecutive sub-300K print.

Friday: Labor market data will see light in Japan, where analysts see the Jobless rate decrease even more to an imaginable 3.5%. February’s Consumer Price Index will also see light in Japan, still running above 2%. March Consumer Confidence Index data will be released in France. In the U.S., the third estimate for the fourth quarter’s GDP will see light, as will the final estimate of the University of Michigan’s Consumer Sentiment data.