Market Analysis

Economic Diary:
Week Commencing 04/03/24

Tuesday 05 March

Indicator Previous Expected Actual
Retail Sales (Office for National Stats) Retail Sales (Office for National Stats) Chart 1.4% 1.0%
Industrial Production Month on Month   1.1% -0.1% -1.1%
PMI Services   51.2 52.3 52.2
PMI Services   48.0 48.0 48.4
PMI Services   48.2 48.2 48.3
PMI Services   50.0 50.0 50.2
GDP Final Quarter on Quarter GDP Final Quarter on Quarter Chart 0.2% 0.2% 0.2%
GDP Final Year on Year   0.5% 0.5% 0.6%
PMI Composite   48.9 48.9 49.2
PMI Services   54.3 54.3 53.8
PPI Month on Month PPI Month on Month Chart -0.8% -0.1% -0.9%
PPI Year on Year PPI Year on Year Chart -10.6% -8.1% -8.6%
ISM Non Manufacturing Prices Paid ISM Non Manufacturing Prices Paid Chart 64.0 58.6
Factory Orders Factory Orders Chart 0.2% -2.9% -3.6%
ISM Non Manufacturing New Orders ISM Non Manufacturing New Orders Chart 55.0 56.1
ISM Non Manufacturing Business Activity ISM Non Manufacturing Business Activity Chart 55.8 57.2
ISM Non-Manufacturing PMI ISM Non-Manufacturing PMI Chart 53.4 53.0 52.6
ISM Non Manufacturing Employment ISM Non Manufacturing Employment Chart 50.5 48.0

Wednesday 06 March

Indicator Previous Expected Actual
GDP Final Year on Year GDP Final Year on Year Chart 2.1% 1.4% +1.5%
GDP Final Quarter on Quarter GDP Final Quarter on Quarter Chart 0.2% 0.3% +0.2%
Trade Balance Trade Balance Chart 22.2Bln EU 21.5Bln EU +27.5Bln EU
Retail Sales Year on Year Retail Sales Year on Year Chart -0.8% -1.3% -1.0%
Retail Sales Month on Month Retail Sales Month on Month Chart -1.1% 0.1% +0.1%
ADP employment report ADP employment report Chart 107k 150k 140k
BoC Rate Decision   5.00% 5.00% 5.0%
EIA Weekly Crude Oil Stocks   4.199Mln 2.116Mln 1.367Mln

Thursday 07 March

Indicator Previous Expected Actual
House Price Index UK (Halifax) House Price Index UK (Halifax) Chart 1.3% 0.4%
ECB Rate Decision ECB Rate Decision Chart 4.50% 4.50% 4.50%
Trade Balance Trade Balance Chart -62.2Bln US -63.5Bln US -67.4Bln US
Weekly Jobless Claims Weekly Jobless Claims Chart 215k 215k 217k
Trade Balance Trade Balance Chart -0.31Bln CA 0.10Bln CA 0.50Bln CA

Friday 08 March

Indicator Previous Expected Actual
PPI Month on Month PPI Month on Month Chart -1.2% 0.2% +0.2%
PPI Year on Year PPI Year on Year Chart -8.6% -6.6% -4.4%
Industrial Production Month on Month Industrial Production Month on Month Chart -1.6% 0.6% +1.0%
Trade Balance Trade Balance Chart -6.829Bln EU -7.388Bln EU
PPI Year on Year PPI Year on Year Chart -16.0% -10.7%
PPI Month on Month PPI Month on Month Chart -0.9% -1.7%
Unemployment Year on Year Unemployment Year on Year Chart 1.3% 1.3% 1.2%
GDP Revised Quarter on Quarter GDP Revised Quarter on Quarter Chart 0.0% 0.0% 0.0%
GDP Revised Year on Year GDP Revised Year on Year Chart 0.1% 0.1% 0.1%
Unemployment Rate Unemployment Rate Chart 3.7% 3.7% 3.9%
Unemployment Rate Unemployment Rate Chart 5.7% 5.8% 5.8%
Non-Farm Payrolls Non-Farm Payrolls Chart 256K 198K 275K
Average Earnings Average Earnings Chart 0.6% 0.3% 0.1%
Non-Farm Payrolls Non-Farm Payrolls Chart 353k 200k 275k
Unemployment Rate Unemployment Rate Chart 3.7% 3.7% 3.9%

SEARCH FOR AN ARTICLE:

Enter a keyword and search for all relevant articles

MARKET ANALYSIS

RECENT POSTS

DISCLAIMER


Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. For professional clients, spread betting and CFD trading can also result in losses larger than your initial stake or deposit.

Spreadex Ltd is authorised and regulated by the Financial Conduct Authority, provides an execution only service and does not provide advice in any way. Nothing within this update should be deemed to constitute the provision of investment advice, recommendations, any other professional advice in any way, or a record of our trading prices. This update does not constitute or form part of an offer of, or solicitation for a transaction in any financial instrument, nor shall it or the fact of its distribution form the basis of, or be relied on in connection with, any contract therefore. Any persons placing trades based on their interpretation of the comments or information within this update does so entirely at their own risk.

No representation, warranty, or undertaking, express or limited, is given as to the accuracy or completeness of the information or opinions contained within this update by Spreadex Ltd or any of its employees and no liability is accepted by such persons for the accuracy or completeness of any such information or opinions. As such, no reliance may be placed for any purpose on the information and opinions contained within this update.

The information contained within this update is the intellectual property of Spreadex Ltd and is protected by UK and International copyright laws. All rights reserved. Users may however freely download, distribute and reproduce extracts of the contents, subject always to accrediting Spreadex Ltd as the source and providing a hyperlink to www.spreadex.com.