Global Markets:
- Asian stock markets: Nikkei down 0.60 %, Shanghai Composite fell 0.90 %, ASX down 1.30 %, Hang Seng declined 0.75 %
- Commodities: Gold at $1169 (+0.50 %), Silver at $15.78 (-0.18 %), WTI Oil at $49.42 (-0.40 %), Brent Oil at $59.36 (-0.80 %)
- Rates: US 10 year yield at 2.229, UK 10 year yield at 1.952, German 10 year yield at 0.394
News & Data:
- China Trade Balance CNY60.6bln, Expected: CNY10.8bln, Previous: CNY60.0bln
- China Exports 48.3 % y/y, Expected: 14.2 %, Previous: -3.3 %
- China Imports -20.5 % y/y, Expected: -10.0 %, Previous: -19.9 %
- Japan GDP 0.4 % q/q, Expected: 0.6 %, Previous: 0.6 %
- Japan GDP 1.5 % y/y, Expected: 2.2 %, Previous: 2.2 %
- Japan GDP Price Index 2.4 % y/y, Expected: 2.3 %, Previous: 2.3 %
- Japan Current Account ¥61bln, Expected: ¥288bln, Previous: ¥187bln
- Japan Adjusted Current Account ¥1.06trln, Expected: ¥1.16trln, Previous: ¥850bln
- New Zealand Manufacturing Sales 0.9 %, Previous: 0.4 %
- Australia ANZ Job Advertisements 0.9 % m/m, Previous: 1.5 %
CFTC Positioning Data:
- EUR net short 172K vs net short 178k prior
- JPY net short 52K vs net short 47k prior
- GBP net short 27K vs net short 22K prior
- AUD net short 62K vs net short 63K prior
- CAD net short 39K vs net short 36K prior
- CHF net short 6K vs net short 5K prior
Upcoming Events:
- 07:00 GMT – German Trade Balance (€21.0bln)
- 09:30 GMT – Euro Zone Sentix Investor Confidence (15.0)
- 12:15 GMT – Canadian Housing Starts (179k)
- 17:05 GMT – FOMC Member Kocherlakota speaks
- 17:30 GMT – German Bundesbank President Weidmann speaks
The Week Ahead (Key Data Releases & Events):
Tuesday, March 10th
- 01:30 GMT – Chinese CPI & PPI
- 06:45 GMT – Swiss Unemployment Rate
- 14:00 GMT – US JOLTs Job Openings
- 14:35 GMT – Bank of England Governor Carney speaks
- 22:05 GMT – RBA Assistant Governor Kent speaks
Wednesday, March 11th
- 05:30 GMT – Chinese Industrial Production
- 08:00 GMT – ECB President Draghi speaks
- 09:30 GMT – UK Manufacturing Production
- 09:30 GMT – UK Industrail Production
- 20:00 GMT – Reserve Bank of New Zealand Interest Rate Decision
- 20:00 GMT – RBNZ Statement
- 20:05 GMT – RBNZ Governor Wheeler speaks
Thursday, March 12th
- 00:30 GMT – Australian Employment Change
- 00:30 GMT – Australian Unemployment Rate
- 07:00 GMT – German CPI
- 09:30 GMT – UK Trade Balance
- 12:30 GMT – US Initial Jobless Claims
- 12:30 GMT – US Retail Sales
- 12:45 GMT – Bank of Governor Carney speaks
Friday, March 13th
- 12:30 GMT – US PPI & Core PPI
- 12:30 GMT – Canadian Employment Change (21.3k)
- 12:30 GMT – Canadian Unemployment Rate (6.5 %)
- 14:00 GMT – US Michigan COnsumer Sentiment
