The main events of Wednesday!

On Wednesday, March 20, the day is full of data on the Bank of Japan meeting results,  inflation data in the UK and the US Federal Reserve meeting minutes.

At 01:50 – the Bank of Japan monetary policy meeting minutes will be published.

At 09:00 – German Producer Price Index (PPI) (m/m) (Feb) will be released, forecast 0.2%, previous value 0.4%.

At 11:30 – the UK Inflation Report will be released:
– Consumer price index (CPI) (y/y) (Feb), forecast 1.8%, previous 1.8%.
– Consumer price index (CPI) (m/m) (Feb), forecast 0.5%,  previous value  -0.8%.
– Index of purchasing prices of manufacturers (m/m) (Feb),  forecast 0.6%, previous value  -0.1%.

At 13:00 –   industrial orders index (CBI) (Mar) in the UK, forecast 2,  previous value  6.

At 16:30 – data on oil reserves in the United States will be published:
– Crude oil inventories, forecast -0.775M, previous value -3.862M.
– Cushing (Oklahoma) Crude oil inventories,  previous value  -0.672M.

At 20:00 – Fed meeting results will be published:
– FOMC Economic forecasts.
– FOMC statement.
– Fed interest rate decision,   forecast 2.50%,  previous value  2.50%.

At 20:30 – FOMC press conference will be held.

At 23:45 – GDP (q/q) (Q4) of New Zealand will be released,  forecast 0.6%,  previous value 0.3%.

Hanzenko Anton