Monetary policy dominates the week with rate decisions due from the Bank of England and the US Fed. Analysts will be watching Wednesday’s UK inflation data closely, and we’ll also see updates for UK retail sales and the eurozone trade balance. Dow component Nike reports earnings along with Foot Locker, RWE, Kingfisher, Genel Energy, Accenture, General Mills and Darden.

Monday 20 March

At 7am (UK time) on Monday the German PPI for February is released, while later in the morning we’ll see the January eurozone trade balance. In December the monthly eurozone trade deficit narrowed to €8.8 billion, with the deficit for 2022 as a whole standing at €314.7 billion. Shoe and sportswear retailer Foot Locker will post fourth-quarter results before the US market opens.

Our economic calendar covers all the key market-moving events.

Tuesday 21 March

Dow component Nike leads the earnings on Tuesday, the sportswear giant having announced senior leadership changes earlier this month. Updates are also due from German energy company RWE, UK retail group Kingfisher, solar panel maker Canadian Solar, industrial tool firm Enerpac, videogame retailer GameStop, vacuum pump manufacturer Pfeiffer and oil and gas production company Diversified Energy. The ZEW issues its March economic sentiment updates for Germany and the eurozone, while in the US we’ll get the latest existing home sales.

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Wednesday 22 March

After last week’s UK budget, on Wednesday we’ll see whether UK inflation has dipped back below 10% as the February CPI and PPI figures are released. Later in the US, the Fed will make its latest decision on interest rates, while in Japan the tankan index of business conditions is published. US housebuilder KB Home reports to the market, along with motorhome firm Winnebago and oil and gas production company Genel Energy, fresh from signing a deal to explore the Lagzira oil field in Morocco.

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Thursday 23 March

Next up for a monetary policy update is the Bank of England, with the MPC’s decision on UK interest rates due at midday (UK time). Opinion is split on whether policymakers should raise the base rate beyond 4%. In the US look out for the latest current account and new home sales, while late in the day the Japanese CPI data for February is released. Earnings are due from professional services company Accenture, consumer foods multinational General Mills, multi-brand restaurant operator Darden and oil and gas production company EnQuest.

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Friday 24 March

We round off the week with flash manufacturing and services PMI updates for Japan, France, Germany, the eurozone, the UK and the US. We’ll get an insight into the strength of the UK high street as the latest UK retail sales data is published at 7am (UK time), while in the US watch out for an update on February’s durable goods orders.

Published: 20 March 2023

You should under no circumstances consider the information and comments provided as an offer or solicitation to invest. This is a macro summary of scheduled news announcements and is not investment advice, independent research or an investment recommendation. The information provided is believed to be accurate at the date the information is produced.