The main events of the day

On Thursday, March 8, the day promises to be full of data on Japan, the eurozone and Canada, but the market will be focused on the results of the ECB meeting and the press conference of M. Draghi.

At 01:50 – data on Japan:
– Current account of Japan’s balance of payments (excluding seasonal fluctuations), the forecast is 0.310T, the previous value is 0.797T.
– Japan’s GDP (y/y), the forecast is 0.9%, the previous value is 0.5%.
– Japan’s GDP (q/q), the forecast is 0.2%, the previous value is 0.1%.

At 02:01 – a balance of house prices in the UK from RICS, the forecast is 7%, the previous value is 8%.

At 02:30 – Australia’s trade balance, the forecast is 0.300D, the previous value is -1.358D.

At 08:45 – the data on employment in Switzerland:
– The unemployment rate in Switzerland excluding seasonal changes, the forecast is 3.4%, the previous value is 3.3%.
– The unemployment rate in Switzerland (seasonally adjusted), the forecast is 3.0%, the previous value is 3.0%.

At 09:00 – the volume of production orders in Germany (m/m), the forecast is -1.6%, the previous value is 3.8%.

At 14:45 – the results of the ECB meeting:
– The deposit rate in the euro area, the forecast is -0.40%, the previous value is -0.40%.
– Decision on ECB interest rate, the forecast is 0.00%, the previous value is 0.00%.

At 15:15 – release of the volume of construction of new homes in Canada, the forecast is 216.6, the previous value is 216.2K.

At 15:30 – a number of initial applications for unemployment benefits in the US, the forecast is 220K, the previous value is 210K.

Also, at 15:30 – data on real estate in Canada:
– Permits for construction in Canada (m/m), the forecast is 1.3%, the previous value is 4.8%.
– The price index for new housing in Canada (m/m), the forecast is 0.1%, the previous value is 0.1%.

At 15:30 – the press conference of the ECB.

At 18:00 – the speech of the head of the Bank of Canada Poloz.

At 23:45 – the volume of retail sales (paid by electronic cards) in New Zealand (m/m), the forecast is 0.1%, the previous value is 1.4%.

Hanzenko Anton