Daily digest market movers: Hit or miss on the data
- A big list of data to be expected at 12:30 GMT:
- Weekly Jobless Claims:
- Initial Claims are expected to head from 217,000 to 218,000.
- Continuing Claims are seen heading from 1.906 million to 1.900 million.
- US Retail Sales for February:
- Monthly Retail Sales are expected to swing from a 0.8% decline to a 0.8% growth.
- Monthly Retail Sales without Cars and Transportation are also expected to rebound from a 0.6% fall to a 0.5% rise.
- Revisions could also trigger a substantial move in the Greenback.
- US Producer Price Index (PPI) for February:
- The monthly Headline PPI is expected to remain stable at 0.3%.
- The Yearly Headline PPI expected to head from 0.9% to 1.1%.
- The monthly Core PPI is expected to decline from 0.5% to 0.2%.
- The Yearly Core PPI is set to decline as well, from 2.0% to 1.9%.
- The January Business Inventories data are due to be released around 14:00 GMT. Inventories growth is expected to decline from 0.4% to 0.2%.
- Equities are in the green after the US equities were able to eke out gains right at the end of the trading day on Wednesday after spending most of the day in the red. Asia is set to close mildly in the green, while European equities are broadly up by less than 0.50%.
- According to the CME Group’s FedWatch Tool, expectations for a Fed pause in the March 20 meeting are at 99%, while chances of a rate cut stand at 1%.
- The benchmark 10-year US Treasury Note trades around 4.20%, the highest level for this week
- Weekly Jobless Claims:
- Initial Claims are expected to head from 217,000 to 218,000.
- Continuing Claims are seen heading from 1.906 million to 1.900 million.
- US Retail Sales for February:
- Monthly Retail Sales are expected to swing from a 0.8% decline to a 0.8% growth.
- Monthly Retail Sales without Cars and Transportation are also expected to rebound from a 0.6% fall to a 0.5% rise.
- Revisions could also trigger a substantial move in the Greenback.
- US Producer Price Index (PPI) for February:
- The monthly Headline PPI is expected to remain stable at 0.3%.
- The Yearly Headline PPI expected to head from 0.9% to 1.1%.
- The monthly Core PPI is expected to decline from 0.5% to 0.2%.
- The Yearly Core PPI is set to decline as well, from 2.0% to 1.9%.
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