Market Weekly Outlook Mar 09 2020

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European Central Bank (Headquarter) in Frankfurt-Germany
European Central Bank (Headquarter) in Frankfurt-Germany

In the week ahead, the global financial markets will focus this week on the European Central Bank meeting next Thursday. As global central bankers try to respond to the economic risks posed by the Coronavirus threat.

The UK government will announce its new budget on Wednesday, which is expected to contain a package of measures in response to the crisis.

In general, economic data from around the world will allow investors to gauge the impact of the virus crisis on the global economy.

For oil: The unprecedented pricing movement from Saudi Aramco came just hours after the end of talks between the Organization of Petroleum Exporting Countries and its allies in a major failure.

According to what I see, this is not the real reason. President Trump said: Russia wants to raise prices to $ 150. We will not allow that to happen. If Saudi Arabia raises prices, we will cut off our relationship with it …

The sharp drop in oil prices will support Trump in the US elections. This would make a life for Americans easier and surely voters would vote for Trump. Here are the most important economic data for this week:

Wednesday, March 11, 2020
  • U.K GDP (MoM) at 09:30 GMT.
  • U.K Manufacturing Production (MoM) (Jan) at 09:30 GMT.
  • U.K Autumn Budget. Time: undefined
  • U.S Core CPI (MoM) (Feb) at 12:30 GMT.
  • Crude Oil Inventories at 14:30 GMT.
Thursday, March 12, 2020
  • U.S PPI (MoM) (Feb) at 12:30 GMT.
  • ECB Interest Rate Decision (Mar) at 12:45 GMT.
  • ECB Press Conference at 13:30 GMT.

* Daylight saving time began in the United States on Sunday, March 8

You can track the economic data in real-time at the following link below:

Live Economic Calendar

 

MARKET DATA

UPCOMING ECONOMIC EVENTS