The market mood remains calmer so far today as all eyes and ears continue to remain on developments between Russia and Ukraine. We’ll see how things go, but if anything else, just beware that headline risks remain paramount and the calmer tones for now could give way to some sense of doom. apprehension as we saw yesterday.
There will be a few releases in European morning trading, the one that stands out being February’s flash reading for Eurozone inflation. The estimate is for a reading of +5.4% to +5.6% y/y on annual consumer inflation, but renowned economist and forecaster Christophe Barraud suggests the actual reading will surprise on the rise. This will certainly keep the pressure on the ECB ahead of its March 10 meeting.
0700 GMT – UK February Nationwide property prices
0855 GMT – Germany Change in unemployment in February, rate
1000 GMT – Preliminary Eurozone CPI figures for February
12:00 GMT – US MBA Mortgage Applications Feb 25
That’s all for the upcoming session. I wish you all the best days ahead and good luck with your trading! Stay safe there.