The main events of Thursday!

On Thursday, March 22, the day is full of data on the euro area, the UK and the US. The main event of the day will be the publication of the Bank of England protocol.

Also, the market on this day will continue to evaluate the results of the meeting of the US Federal Reserve.

At 02:30 – data on employment in Australia:
– Change in the employment rate in Australia, the forecast is 20.3K, the previous value is 16.0K.
– Change in full employment in Australia, the previous value is -49.8K.
– The unemployment rate in Australia, the forecast is 5.5%, the previous value is 5.5%.

At 10:30 – data on Germany:
– Index of business activity in the manufacturing sector (PMI) of Germany, the forecast is 59.8, the previous value is 60.6.
– The index of business activity in the German services sector, the forecast is 55.0, the previous value is 55.3.

At 11:00 – a news block on the euro area:
– Index of business expectations in Germany, the forecast is 104.4, the previous value is 105.4.
– An assessment of the current situation in Germany, the forecast is 125.7, the previous value is 126.3.
– Germany’s IFO business climate index, the forecast is 114.8, the previous value is 115 ,.
– Monthly report of the ECB.
– The index of business activity in the manufacturing sector (PMI) of the eurozone, the forecast is 58.1, the previous value is 58.6.
– Composite index of business activity (PMI) from Markit in the euro area, the forecast is 56.7, the previous value is 57.1.
– The index of business activity in the services sector in the euro area, the forecast is 56.0, the previous value is 56.2.

At 11:30 – a report on retail sales in the UK:
– The base retail sales index in the UK (y/y), the forecast is 1.2%, the previous value is 1.5%.
– The base retail sales index in the UK (m/m), forecast is 0.4%, the previous value is 0.1%.
– The volume of retail sales in the UK (m/m), forecast is 0.4%, the previous value is 0.1%.
– The volume of retail sales in the UK (y/y), forecast is 1.3%, the previous value is 1.6%.

At 14:00 – the results of the meeting of the Bank of England:
– The total volume of the Bank of England’s QE program, the forecast is 435D, the previous value is 435D.
– The decision on the interest rate of the Bank of England, the forecast is 0.50%, the previous value is 0.50%.

At 14:30 – the number of initial applications for unemployment benefits in the US, the forecast is 225K, the previous value is 226K.

At 15:45 – data on business activity in the US:
– The US PMI, the forecast is 56.0, the previous value is 55.3.
– The index of business activity (PMI) in the US services sector, the forecast is 55.8, the previous value is 55.9.

At 19:00 – a speech of a member of the Monetary Policy Committee (MPC) of the Bank of England Ramsden.

Hanzenko Anton