The main events of the day

Wednesday, March 7, is full of statistics, among which is the publication of data on Australia’s GDP and the euro area, employment in the US and the minutes of the CBA meeting in Canada.

At 02:30 – Australia’s GDP:
– Australia’s GDP  (y/y), the forecast is 2.5%, the previous value is 2.8%.
– Australia’s GDP (q/q), the forecast is 0.6%, the previous value is 0.6%.

At 10:30 – will publish data on real estate in the UK:
– The index of housing prices in the UK from Halifax (y/y), the forecast is 1.6%, the previous value is 2.2%.
– The index of housing prices in the UK from Halifax (m/m), the forecast is 0.3%, the previous value is -0.6%.

At 12:00 – the GDP of the eurozone:
– Eurozone GDP (q/q), the forecast is 0.6%, the previous value is 0.6%.
– Eurozone GDP (y/y), the forecast is 2.7%, the previous value is 2.7%.

At 14:30 – will publish the annual budget of Great Britain.

At 15:15 – the change in the number of employed in the non-agricultural sector of the US from ADP, the forecast is 195K, the previous value is 234K.

At 15:30 – a news block on the US:
– The level of productivity in the non-agricultural sector of the US (q/q), the forecast is -0.1%, the previous value is -0.1%.
– The US trade balance, the forecast is -55.10D, the previous value is -53.10D.
– Labor costs in the US (q/q), the forecast is 2.1%, the previous value is 2.0%.

Also at 15:30 – there will be data for Canada:
– Labor productivity in Canada (q/q), the previous value is -0.6%.
– Trade balance of Canada, the orecast is -2.40D, the previous value is -3.19D.

At 17:00 – a decision on the interest rate of the Bank of Canada, the forecast is 1.25%, the previous value is 1.25%.

At 17:30 – data on oil reserves in the US:
– Reserves of crude oil in the US, the forecast is 3,000M, the previous value is 3.019M.
– Data on surplus oil reserves in Cushing (Oklahoma, USA), the previous value is -1.218M.

At 21:00 – publication of the “Beige Book” of the US Federal Reserve.

Hanzenko Anton