Lots of economic dockets and events scheduled for today and some with high volatility risks associated.
Data released so far:
- United Kingdom: BRC shop price index is down 1 percent y/y in February.
- Australia: Fourth-quarter GDP rose by 1.1 percent in the fourth quarter, up 2.4 percent from a year ago.
- Japan: Nikkei manufacturing PMI came at 53.3 in February.
- China: NBS manufacturing PMI came at 51.6 in February and non-manufacturing PMI came at 54.2. Caixin manufacturing PMI came at 51.7 in February.
Upcoming:
- United Kingdom: Nationwide house prices for February will be released at 7:00 GMT.
- Switzerland: UBS consumption indicator for January will be released at 7:00 GMT. SVME PMI report will be released at 8:30 GMT.
- Spain: Markit manufacturing PMI for February will be reported at 8:15 GMT.
- Italy: Markit manufacturing PMI for February will be reported at 8:45 GMT. Wage inflation will be reported at 10:00 GMT.
- France: Markit manufacturing PMI for February will be reported at 8:50 GMT.
- Germany: Markit manufacturing PMI for February will be reported at 8:55 GMT.
- Greece: Markit manufacturing PMI for February will be reported at 9:00 GMT.
- Eurozone: Markit manufacturing PMI for February will be reported at 9:00 GMT.
- United Kingdom: Markit manufacturing PMI for February will be reported at 9:30 GMT, along with mortgage approvals, money supply, and consumer credit report.
- Portugal: Fourth quarter GDP numbers and unemployment report will be released at 11:00 GMT.
- United States: MBA mortgage applications will be reported at 12:00 GMT, followed by personal income and spending data at 13:30 GMT. ISM manufacturing report will be released at 15:00 GMT. EIA will release crude oil inventory report at 15:30 GMT. FOMC member Kaplan will speak at 17:00 GMT and Brainard at 22:00 GMT. Fed will release Beige book at 19:00 GMT.
- Canada: BoC will announce interest rate decision at 15:00 GMT.


Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets
Japan Signals Readiness to Act on Yen as Intervention Speculation Grows
Moody’s Says Peru’s President-Elect Keiko Fujimori Could Boost Investor Confidence
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations
Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions
US Resumes Dollar Shipments to Iraq After Months-Long Suspension
Denmark Central Bank Intervenes to Support Krone Peg Against Euro
Japan Signals Surprise Yen Intervention Strategy as BOJ Hawkish Stance Puts FX Traders on Alert 



