Today data risks are moderate across board with high event risk. Focus is on industrial production from US and Speech by Mr. Draghi.
Data released so far -
- UK - House price index moved up but at a slower pace of 1% mom compared to previous 2.1%. Index is up 5.4% YoY.
- Australia - Motor vehicle sales are up by 2.9% compared to previous slump of -1.9%.
- India - Wholesale price index moved to negative territory, down by 2.9% in February.
Upcoming -
- Switzerland - Producer and import prices are to be released at 8:15 GMT.
- India - Trade valance data might be released at 11:300 GMT.
- Canada - Portfolio investment positions to be released at 12:30 GMT. The report provide details on both foreigner investing in Canadian securities and Canadian people's position in foreign securities.
- US - Important sets of data to be released from US. Empire state manufacturing production index to be released at 12:30 GMT followed by Industrial production at 13:15 GMT. NAHB housing market index to be published at 14:00 GMT. Important to look for how manufacturing is fairing with stronger dollar and if any trend is in change in still fragile housing market.
- Euro zone - ECB president Mario Draghi to speak at SZ Finance Day 2015 "The Future of the Finance Industry - Between Growth and Regulation" organised by Süddeutsche Zeitung in Frankfurt, Germany. It is not expected to provide clues on monetary policy but vital to learn his view over fragile European banks with emphasis on Greece


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