Mid-week, Germany's leading economic research institutes will present their spring joint economic forecast to the federal government. In this so-called "Gemeinschaftsdiagnose," economists are expected to lower their growth projections for this year and next due to the fallout from the Iran war, according to sources familiar with the matter cited by Reuters.
Market participants will also focus on the March Purchasing Managers' Index (PMI) readings for Germany, the Eurozone, and the U.S. Furthermore, investors are awaiting Eurozone labor market data and U.S. retail sales figures for February. Meanwhile, the ADP private employment report will provide a preliminary glimpse ahead of the official U.S. non-farm payrolls report.
On the corporate front, Deutsche Telekom's annual investor day will be the primary focus.
Closing levels of European Level
Stock Indices and
Futures on Tuesday
Dax 22,680.04
EuroStoxx50 5,569.73
EuroStoxx50 Future 5,495.00
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Closing levels of Level Change in
U.S. Indices on Tuesday Percent
Dow Jones 46,341.51 +2.5%
Nasdaq
S&P 500 6,528.52 +2.9%
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Asian Indices on Price at 07:00 Change in
Wednesday CET Percent
Nikkei 53,365.20 +4.5%
Shanghai 3,944.80 +1.4%
Hang Seng 25,278.62 +2.0%
(Report by Sanne Schimanski. For inquiries, please contact our editorial team at berlin.newsroom@thomsonreuters.com (for politics and economics) or frankfurt.newsroom@thomsonreuters.com (for corporate and markets).)
