For another week, investors are likely to keep their gaze locked on headlines surrounding the fast spreading of the coronavirus. Most of this week’s data may attract less attention than usual, but we will look into the preliminary PMIs for March as they could reveal how severe the damages in global economic activity have been. We also have a BoE gathering, but following the Bank’s decision to cut rates twice this month, we don’t expect them to reduce rates further, at least now.
Monday appears to be a very light day in terms of economic indicators and scheduled events, as there are no top tier releases on the economic agenda.
However, investors are likely to stay on the edge of their seats as the theme that’s been driving markets recently has not been data, but headlines surrounding the spreading of the coronavirus. With both newly infected cases and new deaths hitting record highs every day, and more nations entering lockdown mode, we stick to our guns that the worst is…
