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Not many dockets scheduled today. Focus is on US. Data risks are low.
Data released so far -
- Australia - Export grew by 1% and import grew by 2% in February increasing trade deficit to -1.25 billion
Upcoming -
- Italy - Deficit to GDP for fourth quarter would be announced at 8:00 GMT. Vital to assess the reforms so far. Prior was 3.5%.
- UK - Construction PMI scheduled for release at 8:30 GMT. Prior 60.1, today expected 59.5.
- Canada - Trade balance statistics will be released at 12:30 GMT. Canada is running trade deficit in tune of $-2.45 billion.
- Euro zone - ECB will publish its monetary policy accounts at 13:30 GMT.
- US - Initial jobless claims to be released at 12:30 GMT along with challenger job cuts and trade balance. ISM New York index to be released at 13:45 GMT. Prior 63.1. Factory orders will be released at 14:00 GMT. Factory orders are expected to weaken further. Prior -0.2%, expected -0.4%.
- Auctions - France will auction 10 year bond.
