The US Philadelphia Fed survey is expected to rebound in March following the sharpdrop in February. The number will give further input to how much activity is comingback and hence how much of the weakness in January and February was due to theweather.
Consensus expects US initial jobless claims to rise slightly to 322k following lastweek’s drop to 315k. The number of claims has generally been fairly robust despitethe slowdown in January and February. Finally US existing home sales for Februaryis due to be released. It fell sharply in January and is expected to be broadly flat at alow level in February as the bad weather continued in this month.
The EU will meet for a two-day summit in Brussels today to discuss whether to takeadditional action against Russia on the back of the conflict with Ukraine.
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Danske Bank