We will be kicking things off in March with more focus on inflation data in Europe, this time featuring Germany. In January, we saw headline annual inflation come in a little higher at 8.7% and estimates this time around is for that to cool slightly to 8.5%. However, after the hotter readings from France and Spain yesterday, nothing is a given.
If we do see the German figures come in higher than expected, that could drag down market sentiment once again with bond yields likely to pull higher. With month-end flows now out of the picture, perhaps broader markets will start to settle on a trading theme this week.
Here’s the agenda for today:
0530 GMT – North Rhine Westphalia
0900 GMT – Brandenburg
0900 GMT – Hesse
0900 GMT – Bavaria
0900 GMT – Baden Wuerttemberg
1000 GMT – Saxony
1300 GMT – Germany national preliminary figures
Do note that the releases don’t exactly follow the schedule at times and may be released a little earlier or later.
