CFD Markets News and Forecasts — 05-03-2013

The Dollar Index traded at almost its highest level in six months as service industries in the U.S. expanded in February at the fastest pace in a year, adding to signs of economic acceleration.

The U.S. currency was supported after the Institute for Supply Management’s non-manufacturing index exceeded forecasts, fueling speculation the Federal Reserve may have scope to reduce monetary stimulus earlier than projected.

The Institute of Supply Management’s non-manufacturing index increased to 56 last month from 55.2 in January, the Tempe, Arizona-based group said today. Economists projected the guage would be little changed at 55, according to the median estimate. Readings above 50 signal expansion.

Australia’s currency climbed versus the dollar as the central bank kept interest rates on hold. Governor Glenn Stevens said in a statement that growth in 2012 was led by “very large increases in capital spending in the resources sector,” while reiterating that the inflation outlook “would afford scope to ease policy further, should that be necessary.”

The euro exchange rate fluctuates against the dollar after data showed that business activity in the euro area services sector declined in February compared with January, adding evidence that the region's economy will continue to be liquefied in the first three months of the year, which could be the fourth quarterly drop in a row. In addition, it was reported that retail sales rose by 1.2% on a monthly basis, fully compensate for the decline of 0.8% in December, which was revised from 0.9% decline.

The pound rose against the dollar before the euro after a report showed that the UK services sector expanded in February, showing a more rapid pace than analysts had forecast that downgraded the speculation as to whether the Bank of England will increase the incentive program.

The focus of investors are the most important meeting of the European Central Bank and the Bank of England, which will be held later in the week.

European stocks rose, with the Stoxx Europe 600 Index rallying to a 4 1/2-year high, amid speculation that central banks around the world will continue with measures to support economic recovery.

Federal Reserve Vice Chairman Janet Yellen said yesterday the U.S. central bank should press on with its $85-billion monthly bond purchases. Yellen echoed Chairman Ben S. Bernanke’s comment last week that the benefits of the Fed’s low interest rates and $3.1 trillion balance sheet outweigh any risk of financial instability.

In Asia, Kikuo Iwata, a nominee for deputy governor at the Bank of Japan, said the monetary authority should buy longer- term bonds to help it achieve a 2 percent inflation target.

China plans to raise its budget deficit by 50 percent this year as the government cuts taxes and boosts measures to support consumer demand in the world’s second-biggest economy. Premier Wen Jiabao set a growth target of 7.5 percent for 2013.

In the euro area, officials indicated that budget policies may be eased after a backlash against austerity plans.

Economic strains may “justify in a certain number of cases reviewing deadlines for the correction of excessive deficits,” European Union Economic and Monetary Commissioner Olli Rehn told reporters late yesterday.

National benchmark indexes climbed in all of the 18 western European markets except Greece. France’s CAC 40 rose 2.1 percent. The U.K.’s FTSE 100 gained 1.4 percent. Germany’s DAX added 2.3 percent.

Standard Chartered climbed 3.2 percent to 1,837.5 pence, the highest price since December 2010. Britain’s second-largest lender by market value said pretax profit rose to $6.88 billion from $6.78 billion a year earlier. That beat the $6.84 billion estimate of analysts.

Serco rallied 8.9 percent to 630.5 pence, the biggest jump since September 2003. The U.K. services company that operates prisons and London’s Docklands Light Railway posted 6 percent growth in adjusted pretax profit and increased the dividend 20 percent to 10.1 pence.

Roche Holding AG, the world’s largest maker of cancer drugs, gained 1.4 percent to 218.30 Swiss francs, the highest price since October 2007. The company obtained European Union approval for its breast-cancer drug Perjeta. Separately, Chief Executive Officer Severin Schwan confirmed the company’s 2013 sales and earnings forecasts and said he expects Roche will be able to raise its dividend for this year.

Deutsche Post AG increased 5.8 percent to 17.99 euros, the highest price since June 2008. Europe’s biggest postal service said fourth-quarter net income totaled 542 million euros ($707 million), topping the average 482 million-euro analyst forecast. The company said it expects 2013 earnings before interest and taxes in the range of 2.70 billion euros to 2.95 billion euros. That compared with the average analyst estimate calling for 2.87 billion euros.

West Texas Intermediate oil advanced from the lowest level this year as equities climbed on company earnings and monetary stimulus, while a Brent pipeline system shut after a platform leak boosted the European benchmark.

WTI futures rose as much as 0.7 percent as the Dow Jones Industrial Average surged to a record amid the fastest profit growth since the 1990s. Brent gained as much as 0.9 percent as a pipeline system was closed for a fourth day after an oil leak was discovered March 2 on the Cormorant Alpha platform. An Energy Information Administration report tomorrow will probably show that U.S. crude supplies rose, a survey showed.

Production from the 27 North Sea oil fields that make up the Brent system remained shut and a series of safety checks must be completed before it can reopen, an official of the Abu Dhabi National Energy Co.PJSC, the operator, said today by phone from Aberdeen, Scotland. The official asked not to be identified because of company policy.

The system normally carries 90,000 barrels a day of crude and accounts for about 10 percent of the U.K.’s oil production. About 10,000 barrels a day were already offline after a similar incident at the same platform on Jan. 14.

WTI oil for April delivery rose 22 cents to $90.34 a barrel at 11:06 a.m. on the New York Mercantile Exchange. The volume of all futures traded was 19 percent below the 100-day average. The contract fell 56 cents to $90.12 yesterday, the lowest settlement since Dec. 24.

Brent crude for April settlement increased 51 cents, or 0.5 percent, to $110.60 a barrel on the London-based ICE Futures Europe exchange. The volume of all futures traded was 22 percent above the 100-day average. The European benchmark grade was at a $20.26 premium to WTI, widening for a fourth day.

Gold prices headed for the biggest gain in a week as speculation that central banks will maintain stimulus measures, and physical demand climbed. Silver also rose.

Federal Reserve Vice Chairman Janet Yellen yesterday said the U.S. central bank should press on with $85 billion in monthly bond buying, while Haruhiko Kuroda, the nominee to be the Bank of Japan governor, said he would do whatever is needed to end 15 years of deflation. Gold purchases appear widespread across Southeast Asia, Standard Bank Plc said in a report today.

Gold futures for April delivery rose to $1,585.80 an ounce on the Comex in New York, heading for the biggest gain since Feb. 26.

U.S. stock futures advanced, indicating the Standard & Poor’s 500 Index will climb for a third day, as China vowed to maintain its growth target and investors awaited a report on services businesses in February.

Global Stocks:

Other:

Google (GOOG) tgt to $1000 from $875 at Jefferies

EUR/USD $1.2950, $1.3000, $1.3025, $1.3050, $1.3095, $1.3200

USD/JPY Y92.80, Y93.00, Y93.20, Y93.50, Y94.00

GBP/USD $1.5300

EUR/CHF Chf1.2175, Chf1.2260, Chf1.2305

AUD/USD $1.0080, $1.0100, $1.0150

Data
00:01 United Kingdom BRC Retail Sales Monitor y/y February +1.9% +0.9% +2.7%
00:30 Australia Retail sales (MoM) January -0.2% +0.4% +0.9%
00:30 Australia Retail Sales Y/Y January +2.3% +3.0%
00:30 Australia Current Account, bln Quarter IV -14.9 -15.2 -14.7
01:30 Japan Labor Cash Earnings, YoY January -1.4% -0.3% +0.7%
01:45 China HSBC Services PMI February 54.0 52.1
03:30 Australia Announcement of the RBA decision on the discount rate March 3.00% 3.00% 3.00%
03:30 Australia RBA Rate Statement March
08:50 France Services PMI (Finally) February 42.7 42.7 43.7
08:55 Germany Services PMI (Finally) February 54.1 54.1 54.7
09:00 Eurozone Services PMI (Finally) February 47.3 47.3 47.9
09:00 Eurozone ECOFIN Meetings March
09:30 United Kingdom Purchasing Manager Index Services February 51.5 51.5 51.8
10:00 Eurozone Retail Sales (MoM) January -0.8% +0.3% +1.2%
10:00 Eurozone Retail Sales (YoY) January -3.4% -3.0% -1.3%

The euro exchange rate fluctuates after data presented Markit Economics, showed that business activity in the euro zone services sector declined in February compared with January, adding evidence that the region's economy will continue to be liquefied for the first three months of the year, which can be the fourth consecutive quarterly decline. According to the report, the index of business activity in the services sector fell last month to the level of 47.9, up from 48.6 in January, indicating that activity in the manufacturing sector of the currency bloc and the services sector continues to decline as the value of this the index is below 50.
In addition, it was reported that retail sales rose by 1.2% on a monthly basis, fully compensate for the decline of 0.8% in December, which was revised from 0.9% decline. Note that according to the average estimates of experts, retail sales should grow by only 0.3%. The data also showed that the sale of food, beverages and tobacco increased by 0.8%, while the sale of non-food products, except automotive fuel, increased by 2%.
Meanwhile, the European Union, the volume of retail sales increased in January by 0.9%, after falling 0.7 percent the previous month.
The yen rose against the dollar, registering with the second-session Strengthening row, amid speculation that the two-day meeting, which begins tomorrow, Bank of Japan's policy to refrain from increasing stimulus.
The Japanese currency rose against all but three of the 16 major currencies, even after a candidate for the position of Deputy Governor of the Bank of Japan Iwata said in Parliament that the central bank should expand its monetary base and buying bonds with longer maturities.
Australia's currency rose against the dollar after the Reserve Bank of Australia decided to leave its key interest rate unchanged at 3 per cent, while stressing that the current outlook for inflation may indicate further monetary easing, which will be used to sustaining demand. In addition, the head of the RBA noted that the Council considers that the inflation rate is likely to be in line with the target, and the growth will be slightly below trend over the next year, so you need accommodative monetary policy. Today's data also showed that the central bank has kept its assessment that inflation will match the 3.2 percent target range in the next one to two years.
The pound rose against the dollar and the euro after a report showed the UK service sector expanded in February, showing a more rapid pace than analysts had forecast that downgraded the speculation as to whether the Bank of England will increase the incentive program.

EUR / USD: during the European session, the pair rose to high of $ 1.3075, and then fell to $ 1.3014

GBP / USD: during the European session, the pair rose to $ 1.5200, but then fell to $ 1.5148

USD / JPY: during the European session is growing, and is now trading at Y93.17

EUR/USD

Offers $1.3140, $1.3120/25, $1.3100, $1.3080

Bids $1.3000, $1.2980-60, $1.2950, $1.2920, $1.2900, $1.2880, $1.2865-50

GBP/USD

Offers $1.5320, $1.5300, $1.5270, $1.5240/50, $1.5220/25

Bids $1.5100, $1.5070, $1.5050, $1.5035/30, $1.5000, $1.4985/80

AUD/USD

Offers $1.0270/80, $1.0250/55

Bids $1.0200, $1.0160/50, $1.0120/15, $1.0050, $1.0020, $1.0000

EUR/GBP

Offers stg0.8720/25, stg0.8695/700, stg0.8660/65, stg0.8650

Bids stg0.8575/70, stg0.8555/50, stg0.8520, stg0.8505/00

EUR/JPY

Ордера на продажу Y122.10-20, Y122.00, Y121.87

Bids Y121.00, Y120.80, Y120.00

USD/JPY

Offers Y94.95/00, Y94.75/80, Y94.50, Y94.30/35, Y94.00, Y93.70/75

Bids Y92.85/80, Y92.65/50, Y92.20/10, Y92.00

European stocks rose while still achieving maximum values ​​for the last four and a half years, on speculation that central banks around the world will continue to take measures to support the economic recovery.

Stoxx Europe 600 Index (SXXP) rose 1.3% to 292.53, after rising to its highest level since August 12, 2008.

Recall that yesterday, deputy chairman of the Federal Reserve Janet Yellen said the U.S. central bank should insist on monthly purchases of bonds in the amount of $ 85 billion in addition, Yellen reiterated comments Ben Bernanke, that the benefits of historically low interest rates the Fed outweigh any risks of financial instability.

Shares of Standard Chartered (STAN) rose by 2.9% to 1,831.5 pence, reaching the highest price since December 2010. The second-largest lender by market value UK said that pre-tax profit rose to $ 6.88 billion from $ 6.78 billion a year earlier, while economists have estimated it at $ 6.84 billion

Serco cost rose 11% to 642 pence, showing the biggest jump since September 2003. British services company announced a 6% increase in adjusted earnings before taxes and dividends increased by 20% to 10.1 pence.

Deutsche Post AG shares rose 3.8% to 17.65 euros, registering the largest increase in seven months. Europe's largest postal service said that fourth-quarter net profit of 542 million euros ($ 707 million), exceeding the average analyst forecast at 482 million euros. In addition, the company expects 2013 earnings before interest and taxes will be in the range of 2.70 billion to 2.95 billion euros, compared with the average analyst estimate at 2.87 billion

To date:

FTSE 100 6,394.57 +48.94 +0.77%

CAC 40 3,758.17 +48.41 +1.30%

EUR/USD $1.2950, $1.3000, $1.3025, $1.3050, $1.3095, $1.3200

USD/JPY Y92.80, Y93.00, Y93.20, Y93.50, Y94.00

GBP/USD $1.5300

EUR/CHF Chf1.2175, Chf1.2260, Chf1.2305

Asian stocks climbed, with the regional benchmark index rising after two days of losses, amid speculation central bankers will continue stimulus measures and as China maintained its economic-growth target for 2013.

Nikkei 225 11,683.45 +31.16 +0.27%

Hang Seng 22,560.5 +22.69 +0.10%

S&P/ASX 200 5,075.36 +64.84 +1.29%

Shanghai Composite 2,326.31 +52.90 +2.33%

James Hardie Industries SE, a building-materials supplier that gets two-thirds of its sales from the U.S., rose 3.9 percent in Sydney.

SK Hynix Inc., the world’s second-largest maker of computer memory chips, added 3.9 percent in Seoul after Kiwoom Securities Co. said chip prices will continue to gain this month.

Fast Retailing Co., Asia’s biggest clothier, jumped 5.5 percent in Tokyo after reporting same-store sales at its Uniqlo outlets in Japan increased last month.

The euro exchange rate fluctuates against the dollar amid insolvency Italian politicians to form a coalition. Exert pressure on the currency upcoming data on Italy's GDP for the fourth quarter, which will show that the region's economy declined in the fourth quarter of 2012.

Market participants expect the news from the meeting in Brussels, the finance ministers of the euro area, as well as a busy week of meetings of central banks. The finance ministers of the euro area meet to discuss whether to give Portugal and Ireland more time to repay loans received under the assistance programs. It is expected that, following last week's inconclusive election in Italy will also discuss the political uncertainty in the country.

With regard to regional statistics, it was mixed. Eurozone confidence among investors decreased significantly in March, topping with analysts' forecasts, and recorded the first decline in six months. Sentix investor confidence indicator fell this month to the level of -10.6, which is the lowest level since December 2012. At the same time, the annual rate of producer price inflation slowed in January to the level of 1.9%, compared with 2.1% the previous month, which fully corresponded to the experts.

The yen rose against all but one of its 16 major counterparts after the Chinese CSI 300 Index fell to the lowest in two years. In addition, the yen strengthened even after the candidate to be the next Governor of the Bank of Japan Haruhiko Kuroda, has promised a more loose monetary policy to overcome deflation in the economy. Kuroda, submitted to Prime Abe said in parliament that the Bank of Japan will do everything possible to end the 15-year period of deflation in Japan.

The pound strengthened against the euro and the dollar amid concern that the formation of the Government of Italy may be delayed, and will have a negative impact on the recovery of 17 countries the currency bloc. In addition, a report released showed that house prices in the UK rose in February, registering the first increase in nine months. Also it was announced that the business activity index fell to the end of last month to the level of 46.8, up from 48.7 in January. Note that according to the average analyst estimate the value of this indicator would grow to the level of 49.2. Recall that the value of the indicator below 50 suggests contraction in the sector. The report also said that total production has fallen sharply, demonstrating the highest rate of decline over the past 3 years. Meanwhile, it was reported that the number of new orders declined, while accelerating its pace, while the so-sector employment showed a slight increase.

Asian stocks dropped, with the regional benchmark index heading for its second day of decline, after China tightened mortgage rules to cool the property market. Japanese shares pared gains.

Nikkei 225 11,652.29 +45.91 +0.40%

Hang Seng 22,537.81 -342.41 -1.50%

S&P/ASX 200 5,010.52 -75.61 -1.49%           

Shanghai Composite 2,273.4 -86.10 -3.65%

China Resources Land Ltd., a state-owned developer, slumped 9.3 percent in Hong Kong, pacing declines among Chinese real- estate companies.

Noble Group Ltd., Asia’s biggest commodity trader by sales, dropped 2.6 percent in Singapore after Citigroup Inc. downgraded its rating.

Mitsubishi Estate Co., Japan’s No. 1 developer by market value, rose 3.6 percent after Bank of Japan nominee Haruhiko Kuroda said he will do whatever it takes to end deflation.

European stocks were little changed as utility shares rallied, offsetting HSBC Holdings Plc’s biggest retreat since July and a survey that showed China’s services industries slowed last month.

China’s government intensified its three-year campaign to cool the real estate market, ordering larger deposits and stricter enforcement of sales taxes. The People’s Bank of China’s regional branches may implement the measures in conjunction with the price-control targets of local governments, the country’s cabinet said in a statement.

In Rome, a senior aide to Democratic Party leader Pier Luigi Bersani said the country will need to hold another election if the center left fails to build a coalition commanding a majority of seats in the Senate.

The finance ministers of the 17-member euro area meet in Brussels today to discuss the planned bailout for Cyprus.

National benchmark indexes dropped in 12 of the 18 western- European markets. The U.K.’s FTSE 100 slipped 0.5 percent, France’s CAC 40 rose 0.3 percent and Germany’s DAX retreated 0.2 percent. Greece’s ASE Index lost 2.1 percent after Russell Investments reclassified the country as an emerging market.

HSBC dropped 2.5 percent to 710 pence after saying pretax earnings fell 5.6 percent in 2012 because of a record settlement for anti-money-laundering sanctions in the U.S. and a charge to revalue its own debt. Profit of $20.65 billion trailed the $23.49 billion estimate of 26 analysts surveyed by Bloomberg. The lender took a $5.2 billion charge for revaluing its debt.

Anglo American Plc retreated 2.7 percent to 1,849 pence after Nomura Holdings Inc. downgraded the stock to reduce, a rating similar to sell, from neutral. The brokerage said that analysts need to lower their estimates for the company’s earnings this year.

Debenhams slumped 15 percent to 80.7 pence, for the biggest tumble on the Stoxx 600. The second-largest U.K. department store forecast that pretax profit for the first half of the year will decline to 120 million pounds ($181 million) after snow disrupted sales. Comparable revenue dropped 10 percent from Jan. 14 to Jan. 27, the retailer said.

U.S. stocks rose, sending the Dow Jones Industrial Average to its highest close since 2007, as speculation the Federal Reserve will continue stimulus measures overshadowed concern over spending cuts and China’s economy.

Stocks rose as Federal Reserve Vice Chairman Janet Yellen said the U.S. central bank should press on with $85 billion in monthly bond buying while tracking possible costs and risks from the unprecedented program.

Equities fell early in the trading day as China’s services industries expanded last month at the slowest pace since September. The non-manufacturing Purchasing Managers’ Index fell to 54.5 in February from 56.2 in January, the Beijing-based National Bureau of Statistics and China Federation of Logistics and Purchasing said. A reading above 50 indicates expansion.

Automatic cuts in U.S. federal spending, half of which are in defense programs, went into effect March 1 following a congressional impasse. The government will reduce spending by $1.2 trillion over the next nine years, including $85 billion in this fiscal year. The budget cuts will cause a 0.6 percentage- point reduction in economic growth this year, the Congressional Budget Office has estimated.

Even as President Barack Obama phoned Democratic and Republican legislators over the weekend, Obama’s aides and congressional leaders signaled the budget reductions would continue for weeks, possibly months.

Both sides indicated that revisiting the reductions would begin after they resolve a confrontation over legislation that’s needed to keep federal agencies running beyond March 27, placing a premium on avoiding a government shutdown.

DOW index components finished trading mostly higher (19 of 30). More than others in the share price fell Caterpillar Inc. (CAT, -1.76%).. Leader shares were Wal-Mart Stores Inc. (WMT, +2.12%).

On result of yesterdays session:

S&P 500 1,522.51 +4.31 +0.28%

NASDAQ 3,179.91 +10.17 +0.32%

00:01 United Kingdom BRC Retail Sales Monitor y/y February +1.9% +0.9% +2.7%

00:30 Australia Retail sales (MoM) January -0.2% +0.4% +0.9%

00:30 Australia Retail Sales Y/Y January +2.3% +3.0%

00:30 Australia Current Account, bln Quarter IV -14.9 -15.2 -14.7

01:30 Japan Labor Cash Earnings, YoY January -1.4% -0.3% +0.7%

01:45 China HSBC Services PMI February 54.0 52.1

03:30 Australia Announcement of the RBA decision on the discount rate March 3.00% 3.00% 3.00%

03:30 Australia RBA Rate Statement March

The euro fell against the yen before data forecast to show the region’s economy shrank and as Italy edged closer to a new election after an inconclusive vote. In Rome, a top aide to Democratic Party Pier Luigi Bersani said another election may take place this year after passage of new electoral laws, while members of Beppe Grillo’s faction said they were considering a walkout aimed at breaking the gridlock. The euro area’s gross domestic product probably fell 0.6 percent in the fourth quarter from the previous three-month period, according to the median estimate of economists surveyed by Bloomberg News before the data tomorrow.

Italy, Germany and France will report monthly purchasing manager index figures for service industries today.

The yen strengthened against most major counterparts after testimony from deputy governor nominees to the Bank of Japan failed to raise expectations for expanded monetary stimulus. Kikuo Iwata, one of Prime Minister Shinzo Abe’s candidates for deputy governor of the BOJ, said in parliament today that the central bank must expand its monetary base and buy longer maturity bonds. He also said foreign bond purchases aren’t necessary at the moment though should remain as a policy option.

Demand for the Australian dollar was supported after the statistics bureau said retail sales climbed 0.9 percent in January, compared with the median forecast in a Bloomberg survey for a 0.4 percent gain. The nation’s Reserve Bank left its overnight cash-rate unchanged at 3 percent today.

EUR/USD: during the Asian session, the pair traded in the range of $1.3015-40.

GBP/USD: during the Asian session, the pair traded in the range of $1.5110-35.

USD/JPY: during the Asian session the pair fell to Y93.00.

UK services PMI at 0928GMT provides today's main focus, a weak showing expected to place market on a QE extension footing, though most do not expect the  OE MPC to act Thursday. EZ services PMI data begins with Spain at 0813GMT through to EZ at 0858GMT and should provide the morning's action. EZ retail sales data then due at 1000GMT.

Change % Change Last

Oil $89.97 -0.15 -0.17%

Change % Change Last

Nikkei 225 11,606.38 +47.02 +0.41%

Hang Seng 22,880.22 -140.05 -0.61%

S&P/ASX 200 5,086.13 -17.95 -0.35%

Shanghai Composite 2,359.51 -6.09 -0.26%

CAC 40 3,709.76 +9.85 +0.27%

DAX 7,691.68 -16.48 -0.21%

S&P 500 1,522.51 +4.31 +0.28%

NASDAQ 3,179.91 +10.17 +0.32%

Dow 14,119.42 +29.76 +0.21%

(pare/closed(00:00 GMT +02:00)/change, %)

EUR/USD $1,3025 +0,04%

GBP/USD $1,5114 +0,65%

USD/CHF Chf0,9407 -0,24%

USD/JPY Y93,48 -0,10%

EUR/JPY Y121,76 -0,07%

GBP/JPY Y141,26 +0,54%

AUD/USD $1,0194 -0,04%

NZD/USD $0,8276 +0,37%

00:01 United Kingdom BRC Retail Sales Monitor y/y February +1.9% +0.9%

00:30 Australia Retail sales (MoM) January -0.2% +0.4%

00:30 Australia Retail Sales Y/Y January +2.3%

00:30 Australia Current Account, bln Quarter IV -14.9 -15.2

01:30 Japan Labor Cash Earnings, YoY January -1.4% -0.3%

01:45 China HSBC Services PMI February 54.0

03:30 Australia Announcement of the RBA decision on the discount rate March 3.00% 3.00%

03:30 Australia RBA Rate Statement March

08:00 United Kingdom Halifax house price index February -0.2% +0.4%

08:00 United Kingdom Halifax house price index 3m Y/Y February +1.3%

08:50 France Services PMI (Finally) February 42.7 42.7

08:55 Germany Services PMI (Finally) February 54.1 54.1

09:00 Eurozone Services PMI (Finally) February 47.3 47.3

09:00 Eurozone ECOFIN Meetings March

09:30 United Kingdom Purchasing Manager Index Services February 51.5 51.5

10:00 Eurozone Retail Sales (MoM) January -0.8% +0.3%

10:00 Eurozone Retail Sales (YoY) January -3.4% -3.0%

15:00 U.S. ISM Non-Manufacturing February 55.2 55.0