Market movers today
We are set for another quiet day in terms of data releases. French industrial production will give more insight into whether the downward revision to German industrial production in January and the subsequent increase in February is also seen in other parts of the euro area.
In the UK, a number of economic figures are due for release, which should overall indicate the UK recovery remains on track. First, we forecast manufacturing production grew 1.2% m/m in February as suggested by the manufacturing PMI, which rose in both January and February. We also forecast construction output rose in February, after disappointing in recent months, on the back of house price increases and a high construction PMI.
In the US, Fed members Lacker and Kocherlakota are scheduled to speak. They represent the hawkish and dovish wings of the FOMC, implying the speeches will be of marginal importance in terms of signals about a first rate hike and market impact.
In Norway and Denmark, inflation figures and manufacturing production data are released today.
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