Market movers today
Focus remains on US trade policy and Italian politics while the market awaits the ECB meeting tomorrow and the US employment report on Friday . Today, US ADP employment for February is up for release. It is expected to rise 200k after an increase of 234k in January. However, it is not a very good indicator for the non-farm payrolls. Also, the most watched component of the employment report on Friday will be wage growth after the upward surprise last month.
US trade balance is also due out today . In December, the trade deficit increased to the highest level in nine years adding insult to injury to the issue of US trade imbalances . We have dived into US trade policy, what Trump's focus on protectionism means for the economy and markets and what to expect from here in this piece released this morning : Research US: Symbolic protectionism with limited impact on growth and inflation but risks ,
At the Bank of Canada meeting today, rates are expected to stay unchanged at 1.25%.
The Swedish Debt Office is releasing the budget balance for February, see next page.
To read the entire report Please click on the pdf File Below: