Global markets are waiting for latest developments in different countries all around the world. At these days, we can observe a static market in many countries, but with the beginning of spring season, the global markets will be warmer. In this cautious wait-and-see process that lasts for a few weeks, we can talk about a few things that the markets will take on.Durable consumer goods orders and unfinished housing sales to be announced in the United States are among the most important data. On Tuesday, Germany's retail sales data and the Euro zone consumer inflation could create volatility on the currency. At the first day of March, UK PMI manufacturing industry index will be announced and the expectation is above 55 %. On Thursday, March 02, the PMI Construction Sector index in the UK will be followed by Friday PMI service sector index. We close the week with the ISM Non-manufacturing Purchasing Managers survey to be announced in the US.
Finally, there may be a new rhetoric about economy and interest policy in Friday's speech at Yellen's in Chicago. Just as in the previous presidents, Yellen has two primary goals, the price stability and the full employment level labor market.In short, the US economy has left behind the most difficult period in terms of exit from the crisis and new economic policies can facilitate the Fed's objectives.
- Date: 27 February 2017 Mon 05:43
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