In the US, the NFIB small business optimism for March is due out. Business optimism soared after the election of Donald Trump to President. However, given the increased uncertainty about how many of his policies Trump will actually be able to carry through with in practice, business optimism may start to fade - for more information see Strategy: Trumponomics postponed furthe r, 24 March. Tonight, the Fed's Kashkari (voter, dovish) is due to speak.
Today, the euro area industrial production figures for February are due out. January's production increased by 0.9% m/m and we estimate a 1.0% monthly increase in February after the very strong increase in German industrial production.
The German ZEW expectations are also due for release today. Like the Sentix, the ZEW expectations should remain on an upward trend given the strength of economic data and strong survey indicators. We believe ZEW expectations will rise to 13.7, thus showing little reaction to Article 50 being triggered by the UK and the imminent French election.
In the UK, the most important data release is the CPI inflation data for March due out today. We estimate total CPI rose 0.4% m/m in March, implying an unchanged inflation rate at 2.3% (CPI core 0.5% m/m and 1.9% y/y).
To read the entire report Please click on the pdf File Below