Global and domestic policy rhetoric to drive market pricing
WEEKLY MARKET COMMENTARY |
The upcoming week in financial markets will see a relative dearth of top-tier data, thus forward-looking investors will be looking at a large calendar of central bank rhetoric, the outcome of the G-20 Summit in Baden-Baden, Germany, the European Union (EU) Summit and the expected announcement of the U.K. to pull the trigger on Article 50 of the Lisbon Treaty, which is the formal mechanism through which the country can exit the EU.
In the U.S., fresh data on housing, manufacturing and the publication of the Q1 2017 RSM US LLP Middle Market Business Index on Tuesday, March 21 will be featured. In the external economy Canadian retail sales and Consumer Price Index will be published, while in the Europe U.K. inflation and public finance statement, as well as, the euro area Purchase Managers’ Index will be released. Down under, the Reserve Bank of New Zealand monetary policy statement and rate decision will be published on Thursday, March 23.