Week Ahead starting 20/3/23: Fed; ZEW; BoE; RBA minutes; Nike and Fevertree results
As the banking crisis unfolds, a raft of indicators from Germany, a rate decision in the US, UK and minutes from the last RBA meeting will give investors an idea of where markets are headed next. Nike and Fevertree report.
China & Germany
China publishes its latest loan prime rate, plus look out for Germany's producer price index. Then on Tuesday, we get the minutes from the last RBA meeting. From the UK, watch out for public sector net borrowing details from the UK, which will be quite interesting given we have seen months of strike action across many sectors from Germany, a big data point there and possible entry or exit point for traders is the ZEW economic sentiment indicator. From the US, we have existing home sales and crude oil inventories data.
UK & US
Midweek, we get the consumer price index and producer price data from the UK along with those retail numbers. This should give us a clearer idea of whether or not that super sticky inflation is coming off those high levels. In the US, we get a continuation of oil data with crude oil inventories from the EIA. Plus, a Fed interest rate decision, followed by the Bank of England.
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