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From Eurozone, on Friday, only German PPI figures were published. In February 2016 the index of producer prices for industrial products fell by 3.0% compared with the corresponding month of the preceding year. In January 2016 the annual rate of change all over had been –2.4%. In February 2016 energy prices decreased by 9.4% compared with February 2015, prices of intermediate goods by 2.2%. Compared with the preceding month the overall index fell by 0.5% in February 2016 (–0.7% in January 2016 and –0.5% in December 2015). Analysts were anticipating decrease by 0.2%.

In the US session Consumer Sentiment figures were released. Consumer confidence declined in the first half of March as lower-income Americans grew more concerned about prospects for the U.S. economy and higher gasoline prices. The University of Michigan’s preliminary sentiment index fell to a five-month low of 90 from to 91.7 in February. The median projection in a Bloomberg survey of economists called for 92.2. The group’s measures of year-ahead and longer -term inflation expectations picked up.

 

There will be no data releases from Eurozone on Monday. In the US session Existing Home Sales figures are scheduled for a release. Analysts are predicting decrease to 5.32 million.

 

Figures to watch:

 

Existing Home Sales (Monday 16:00)