This Friday is set to kick off near 14:45 GMT, with the final reading of the S&P Global Manufacturing PMI for February. Expectations are for an unchanged reading at 51.5.
At 15:00 GMT, both the University of Michigan and the Institute for Supply Management (ISM) will release its data:
For the final February reading from the University of Michigan:
Consumer Sentiment is expected to remain unchanged at 79.6.
The Inflation expectations were in the preliminary number at 2.9%. There is no forecast available for the final reading.
The ISM PMI data release will contain the following elements:
The headline Manufacturing PMI is seen increasing from 49.1 to 49.5.
The Manufacturing Employment subcomponent was previously at 47.1. No forecast is available.
The New Orders Index was at 52.5, with no forecast available.
The Prices Paid Index is expected to tick up from 52.9 to 53.0.
The Federal Reserve has its own schedule this Friday:
Fed Board of Governors member Christopher Waller and Dallas Fed President Lorie Logan are set to participate in a panel at 15:15 GMT.
Raphael Bostic, head of the Atlanta Fed, is due to speak at 17:15 GMT.
San Francisco Fed President Mary Daly and Federal Reserve Bank of Kansas City President Jeffrey Schmid will participate in a panel discussion at 18:30 GMT.
Fed Board of Governors member Adriana Kugler will speak at around 20:30 GMT.
At 16:00 GMT, the Fed will release its Monetary Policy Report which will be sent to Congress before the semi-annual hearings take place next week.
Equities are in the green across the board from Asia to US futures. During the Asian trading session, Nasdaq futures have already hit an all-time high.
According to the CME Group’s FedWatch Tool, expectations for a Fed pause in the March 20 meeting are at 97%, while chances of a rate cut stand at 3%.
The benchmark 10-year US Treasury Note trades around 4.27%, broadly unchanged for the past three days.
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