In Europe the main focus will be on the release of money supply and credit data inthe euro area for February. In general the data have been weak, albeit there was aslight improvement in January. Should the improvement continue, it could support theECB in its current reluctance towards further monetary easing.
UK retail sales for February are likely to show weakness due to the flooding and badweather. Hence, any weakness will probably be shrugged off as temporary.
In the US the most interesting releases are the second revision of Q4 GDP andpending home sales. We expect Q4 GDP growth to be revised slightly higher to 2.5%q/q annualised, mainly reflecting stronger private consumption.
The Norges Bank rate announcement is due at 10:00 CET. We expect rates and theinterest rate path to be left unchanged.
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Danske Bank