The main events of Tuesday!

On Tuesday, March 5, the day is full of data on business activity in the services sector. In addition, you should pay attention to the RBA meeting minutes, the sale of new housing in the US and the speech of the Bank of England Governor.

At 02:01 – BRC retail sales (y/y) (Feb) in the UK will be announced,  forecast 0.1%,  previous value 1.8%.

At 02:30  – Australia’s current account balance (Q4) will be released,  forecast -9.2B, previous value  -10.7B.

At 03:45 – Caixin business activity index in the services sector (PMI)  (Feb) of China will be published,  forecast  53.5,  previous value 53.6.

At 05:30 – RBA interest rate decision (March) will be announced, forecast  1.50%,  previous value 1.50%.

At 09:30 – consumer price index (CPI) of Switzerland (m/m) (Feb) will be released, forecast 0.4%, previous value -0.3%.

At 10:55 – German index of business activity in the services sector (Feb) will be published, forecast 55.1, previous value 55.1.

At 11:00 – data on business activity in the eurozone:
– Markit Composite Business Activity Index (PMI) (Feb), forecast 51.4, previous value 51.4.
– Index of business activity in the services sector (Feb), forecast 52.3, the previous value of 52.3.

At 11:30 – business activity index in the services sector (Feb) of the UK will be announced, forecast 49.9, previous value 50.1.

At 16:45 – data on business activity in the United States:
– Markit Composite Business Activity Index (PMI) (Feb), forecast 55.8, previous value 55.8.
– Business PMI (Services PMI) (Feb), forecast 56.2, previous 56.2.

At 17:00 – the US data will be released:
– ISM employment index in the non-manufacturing sector (Feb),  previous value  57.8.
– ISM non-manufacturing Business PMI (PMI)  (Feb), forecast 57.2, previous value 56.7.
– New home sales (m/m) (December), forecast of -9.1%, previous value 16.9%.
– New home sales (December), forecast 590K, previous value 657K.

Also at 17:00 – Ivey PMI (Feb) of Canada will be announced,  previous value  54.7.

At 17:35 – will be a speech by the Bank of England Governor Carney.

At 21:00 – the US federal budget balance will be published  (January), forecast 6.2B, previous value -14.0B.

At 23:30 – API weekly crude oil inventories will be published in the United States, previous value -4,200M.

Hanzenko Anton