What to Expect This Week

This week, in the United States, we expect payrolls to decline sharply due to severe weather conditions. Also, the Institute for Supply Management (ISM) Manufacturing Activity index is likely to be negatively affected by the heavy snow that fell in February.
TradingEconomics.com 2/27/2010 3:10:38 PM

In the Euro Area, the Greek struggle to implement new austerity measures and the European Central Bank decision on a exit strategy from non-standard policy measures should take the center stage. In addition, unemployment rate is likely to inch higher as the job market in most European countries is still weak. In Japan, the jobless rate may also rise in January. In the United Kingdom, the Bank of England will probably keep the interest rate and asset purchase target unchanged. In addition, Services Purchasing Managers Index (PMI) should show some increase while Manufacturing PMI may slip. In Canada, the economy is likely to expand in December but the central bank will probably keep its monetary policy unchanged. In Australia, the RBA will also keep the benchmark  rate on hold. Finally, in China we expect Manufacturing PMI to come lower than expected due to the Lunar New Year holidays.