Economic Events Of The Coming Week

Monday: Expect some final revision for February Manufacturing Purchasing Managers' Indices to see light globally. In the U.K., the Nationwide House Prices index will be released, where analyst see the annual increase of the index moderate from 6.8% to 6.2%. The Eurozone's Unemployment print will also see light, currently at an elevated 11.4%, as will February's Consumer Price Index estimate, where analyst see annual deflation moderate 0.1% to -0.5%. In the U.S., January's Personal Income and Spending data will make their debut, as will the ISM Manufacturing Index. 

Tuesday: February Unemployment data will be released in Spain, where analysts expect a slight improvement, following a nearly 80K increase at the number of unemployed in January. 

Wednesday: Expect some final services and composite Purchasing Managers' Indices to be released. The weekly MBA Mortgage Applications will see light in the U.S., followed by the ADP Employment report. 

Thursday: January's Factory Orders data will be released in Germany, where analysts expect a small correction from December's positive print. The Bank of England is scheduled to announce interest rates, as is the European Central Bank. In the U.S., the weekly Initial Jobless Claims will see light. January's Factory Orders data will be released in the U.S.

Friday: January Industrial Production data will be released in Germany.  France will publish January's Trade Balance. The day will also see the first revision for the Eurozone's fourth quarter Gross Domestic Product data released, where the print currently indicates a 0.9% annual increase. Also scheduled are the U.S. Nonfarm Payrolls, for February, followed by the month's Unemployment rate, where analysts see further improvement to 5.6%. Concluding the week in the U.S. is January's Trade Balance data.