Look ahead: Eurozone industrial output; UK monthly GDP; Volkswagen; Dollar Tree
After a hotter than expected US inflation reading for February, investors turn to PPI figures later in the week. Ahead of that, expect FX volatility from eurozone industrial output data and UK monthly GDP.
Europe’s top carmaker Volkswagen and US retailer Dollar Tree hand in their report cards.
(AI Video Summary)
Eurozone industrial output and UK monthly GDP
Today's "Look ahead" provides a sneak peek into what to expect on Wednesday, 13 March in the trading world. We'll be getting updates on the UK's economic health, including numbers on their January GDP, trade balance, and industrial production.
Over in the eurozone, the focus will be on the industrial production number, which is expected to show a drop of 1% from last month and a 2.8% drop from last year. It's worth noting that the euro is getting stronger compared to the US dollar because the dollar is weaker, and hopes for a rate cut are diminishing.
EIA crude oil inventories
Later in the day, we'll be finding out about the EIA crude oil inventories. This information is especially important right now because the market is quite volatile due to concerns about Chinese demand and recent events in Gaza.
Company reports and profits
Keep an eye out for Metro Bank, Balfour Beatty, and the The Gym Group as they release their four-year numbers in the UK. In Germany, Volkswagen and Adidas are the big names to watch. Volkswagen is facing some tough competition in the hybrid and electric vehicle market, so it'll be interesting to see their future growth and profit margins.
On the other side of the pond, we have Dollar Tree, a company in the cheaper end of the retail market. JP Morgan recently gave them a thumbs up, upgrading their rating and price target, and pointing out potential catalysts for future growth. So, it could be worth paying attention to Dollar Tree's performance.
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