Global markets focus on safe harbors nowadays

According to the financial specialists, the global markets started to focus on safe harbors because of the increasing volatility nowadays. First of all, we will look at the American market. According to the data released yesterday, factory orders rose by 1.0 % month-on-month in February. According to finalized numbers, durable goods orders in the same period increased by 1.8 %, above the previous estimate.

Today, there are many important data will be followed in this week. While safe harbour demand claims remain strong in the market, the definitive March PMI data to be announced in Europe is important for growth expectation. In parallel with previous forecasts, the response in the Euro may be limited. However, a possible upside revision may support optimistic air for the Euro.When we look at the English economy, the PMI data for the month of March will be announced in this week.If the data comes positive, the upward trend may be observed in the Sterling for the next week. Private sector employment change and FOMC meeting minutes will be declared today and the results of them will be important for the global economies.