The focus of the analysts will be at G-20 Meeting in China, regarding the Global economy. Even that there is high optimism about the meeting during the weekend, it is highly unlikely that a coordinated desicion will be taken. The situation remains volitile and uncertain.
The Yen was stronger against all currencies, but now its starting to weaken, this will help the indices to rise. If there are no desicion made, we can see a lower stock markets again during next week. The indices are at serious levels of resistance and the smallest bad news or bad sentiment can reverse their gains and have negative impact next week.
US was weaker as stocks rise, but this can change if better than expected data from the US is seen as the FED is monitoring closely and the desicions are to be made on data dependant.
The Oil continues to be as volitile as before, the news from OPEC countries is uncertain, in regards to any notable agreement between them on oil production cuts. The good news for Oil so far is that there are fewer Oil rigs in explotation working in the US and that data shows that global demand has not fallen. The end of the winter season is close so the demand can weaken slightly going forward. This will drive the price of oil lower and stocks as well.
Monday, February 29
Japan is to release data on retail sales.
The euro zone is to publish preliminary data on consumer price inflation and Germany is to report on retail sales.
The U.K. is to produce data on net private lending.
Canada is to release data on the current account and raw material price inflation.
The U.S. is to publish reports on business activity in the Chicago region and pending home sales.
Tuesday, March 1
Australia is to release data on building approvals and the current account.
The Reserve Bank of Australia is to announce its benchmark interest rate and publish its rate statement, which outlines economic conditions and the factors affecting the monetary policy decision.
China is to publish its official manufacturing and non-manufacturing PMIs and the Caixin manufacturing index.
The euro zone is to report on the unemployment rate and Germany is to release data on the change in the number of people employed.
The U.K. is to release the findings of the manufacturing PMI.
Canada is to publish its monthly GDP report.
In the U.S., the Institute of Supply Management is to release data on manufacturing activity.
Wednesday, March 2
Australia is to release figures on fourth quarter growth.
Spain is to release data on the change in the number of people unemployed.
The U.K. is to publish its construction PMI.
The U.S. is to publish the ADP report on private sector jobs creation.
Thursday, March 3
Australia is to report on the trade balance.
China is to publish the Caixin non-manufacturing index.
The U.K. is to publish its services PMI.
The U.S. is to release a report on initial jobless claims, as well as data on factory orders and the ISM non-manufacturing index.
Friday, March 4
Australia is to release data on retail sales.
Both the U.S. and Canada are to publish trade data and the U.S. is to round up the week with the closely watched report on nonfarm payrolls.
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