The US NFIB optimism index finally broke higher in the last few months of 2014 and February data are released today. Of particular interest are the sub-indices on wages and hiring plans, which have shown a marked improvement over the past few months.
In terms of speeches it is worth keeping an eye on Bank of England governor Carney’s annual speech to the House of Lords’ Economic Affairs Committee.
Tomorrow morning Chinese industrial production, fixed asset investment and retail sales for January and February are due for release. Because of the possible distortions from the timing of the Chinese New Year public holiday, the figures will not be released for the individual months. We expect growth in industrial production to suggest that GDP will hold up relatively well in Q1 15 but that growth in retail sales has eased mainly on the back of lower inflation.
In Scandinavia focus is on Danish and Norwegian inflation.
Read the full report: FX Daily