US markets rise on stimulus hopes
CPI data is expected to remain on the same level
BOE lowers interest rates. Annual budget release may further increase volatility on Cable
US equities rebound on Tuesdays as a White House official provided more information’s regarding President Trump’s proposed stimulus measures. Besides 0% payroll tax rate President Trump also considers government help for the shale industry due to sinking oil prices.
BOE is another central bank that has decided to cut interest rates.
CPI data from the US and Annual Budget Release from the UK are the main data published today.
However economic releases should have little impact on the markets as the ongoing spread of the corona virus remain investors’ main concern. Germany chancellor Merkel is scheduled to speak on coronavirus today at 10:30 GMT.
09:30 am GMT – GDP data from UK for January. Expected: 0.2%
09:30 am GMT – Manufacturing production from UK for January. Expected: 0.2%
10:30 am GMT – Chancellor Merkel press conference
11:30 am GMT – United Kingdom Annual Budget Release
12:30 pm GMT – CPI DATA from the US