Daily Economic Outlook- 09 March 2015

Excerpts from Lloyds Bank:

• In the absence of significant economic releases after the morning's German trade data for January, Eurogroup meetings could provide a meaningful market focus. Although likely to emerge after markets have closed, the meeting statement could highlight the gulf between demands for a specific timeline for implementation of Greek reforms, and early disbursal of funds to avert a cash crunch.
  
  
• Following last week's February employment report, where strong employment growth contrasted with subdued wage gains, the Fed's Labour Market Conditions Index for February will provide a convenient gauge of recent labour market trends across a broad range of indicators. Little change seems likely from recent levels.
  
  
• The day's slew of Fed speakers is unlikely to provide much context for next week's FOMC meeting where a change in statement language to drop 'patience' is expected. While covering the full spectrum of Fed views, Fisher, Mester, and Kocherlakota are not voting FOMC members this year. Comments by the ECB's Weidmann may also be of interest, although his policy views are also well-known.