Market movers today
Today, there are no global market movers due to be released. Later this, week US CPI figures and euro area wage growth are the main focus, while markets will also continue to scrutinise US developments on trade policy and potential further steps against China. We still do not expect recent US trade actions to evolve into a fully fledged trade war but we stress that an escalation is still a key risk for market sentiment (see also Research US - Symbolic protectionism with limited impact on growth and inflation but risks remain , 7 March ).
In Italy, we expect the leadership of the Democratic Party (PD) to meet today to start the procedure to replace party head Matteo Renzi, who has said he will resign after a new government is formed. Discussions about possible coalition possibilities following the inconclusive election result last week are likely to be on the agenda (see also Italian Election Monitor - Eurosceptic shift , 5 March).
In Scandinavia, we get Danish CPI inflation for February, as well as export data (see overleaf).
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