What to Expect This Week


This week, in the United States, we should see a fall in initial jobless claims after better than expected nonfarm payrolls. Also, the U.S. trade deficit may narrow slightly in January as exports dropped less than imports. Still, retail sales is likely to be lower in February due to severe weather conditions.

In the Euro Area, investors should stay cautious on further developments on Greek austerity measures industrial. In terms of economic data, industrial production probably continued its upward trend in February. In Japan, the 4.6% GDP growth in Q4 may be revised slightly down.  In the United Kingdom, industrial production may record its first year-over-year gain since early 2008. Moreover, UK's trade deficit is expected to narrow as imports should be slower than in December. In Canada, we are looking for a small gain in payrolls and unemployment rate to stay at 8.3%. In Australia, after positive labor data in the last few months, unemployment rate may rise to 5.4%. In New Zealand, the Reserve Bank of New Zealand is likely to leave monetary policy unchanged. Also, the Swiss National Bank should not surprise us with interest rates changes. In China, industrial production and exports growth may slow down in February due to Lunar New Year holidays. Finally, Brazil will possibly record a sizable GDP growth in the fourth quarter.


TradingEconomics.com
3/6/2010 5:33:38 PM