The main focus will be the release of the flash PMIs. In the euro area we expect thecomposite PMI to have declined slightly to 53.1 in March from 53.3 in Februarydriven by a drop in the manufacturing PMI, while the services PMI is expected tohave continued to improve moderately in March. In the US a slight improvement inthe flash manufacturing PMI to 57.4 from 57.1 should still be possible on the back ofthe strong rebound in February.
All major world leaders including US president Obama, Russian president Putin,German chancellor Merkel and Chinese president Xi will today convene in TheHague in the Netherlands for the Nuclear Security Summit. It will be also be anopportunity to exchange views on other subjects, not least the current crisis inUkraine, so it will probably be watched closely by the financial markets today.
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Danske Bank