Second Quarter Euroland GDP Growth and Some Central Bank Rate Announcements – Currency Thoughts

March 8-14, 2025 – Currency Thoughts


Next Week’s Menu: March 8-14, 2025

March 7, 2025

Central Banks: Monetary policy reviews are scheduled inb Canada, Poland, Uzbekistan, Serbia and Peru. The Bank of Canada will publish its quarterly Monetary Policy Report with updated forecast, and Governor Macklem will hold a press conference afterward. ECB President Lagarde and Council members Lane, Nagel, De Guindos, and Cipallone will speak publicly. Minutes from the last European Council Meeting will be published.

Events: European Union leaders and finance ministers will hold meetings. China’s People’s Political Consultive Conference and National People’s Conference will extend into a second week.

Scheduled U.S. Data Releases: Consumer price expectations, producer prices, consumer prices, JOLTS data of job hires and quits, U. Michigan index of consumer confidence, NFIB index of small business sentiment and the monthly budget deficit. Weekly jobless insurance claims, mortgage applications, chain store sales, and energy inventories.

Euroland: Sentix gauge of investor sentiment.

Members of the Euro Area: German CPI, WPI, current account, trade balance and indices of coincident and leading economic indicators. French, Spanish, Irish, Finnish, Latvian, Lithuanian, Dutch, Slovakian, and Portuguese consumer prices. Italian and Croatian producer prices. Irish, Finnish, Lithuanian, Austrian, Slovenian, and Slovakian industrial production. Spanish index of leading economic indicators and retail sales. Dutch, Portuguese, Latvian and Italian trade balances., Finnish and Latvian current accounts.

U.K. and Switzerland: British same store sales, industrial production, construction output, January GDP, trade deficit, Royal Institute of Chartered Surveyors housing market index, and index of leading economic indicators. Swiss consumer confidence, producer prices and import prices.

Eastern Europe: Bulgarian and Romanian industrial production. Czech, Polish and Romanian consumer prices. Bulgarian and Czech current accounts. Czech retail sales.

Nordic Europe: Norwegian, Swedish, and Danish consumer prices. Norwegian and Swedish PPI. Danish trade balance.

Japanese and Chinese Releases: Japanese money and bank lending growth, producer prices, business sentiment, average cash earnings, current account, machine tool orders, and index of leading economic indicators. Chinese CPI, PPI, retail sales, industrial production, fixed asset investment, money growth and bank lending.

Selected Other Asian Releases: Indonesian retail sales, consumer confidence and consumer prices. Malaysian, Hong Kong and Indonesian industrial production. India’s trade balance and Thai unemployment.

Australia and New Zealand releases: Australian consumer confidence, business confidence and business conditions. New Zealand manufacturing sector purchasing managers index and food prices.

South Africa and Turkey: South African and Turkish factory output. Turkey’s current account and retail sales.

Canada, Mexico and Brazil: Canadian manufacturing sales and building permits. Mexican and Brazilian industrial production. Brazilian CPI, PPI, retails sales and industrial production.

Copyright 2025, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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