Decision of the Swiss Central Bank due


The Swiss National Bank’s monetary policy announcement and the results of the purchasing managers’ flash survey of major eurozone economies are due on Thursday, headlining a busy day for the news European economy.

At 3:45 a.m. ET, INSEE publishes press releases business confidence survey results. The business climate index is expected to fall slightly to 110 in March from 112 in February.

At 4:15 a.m. ET, IHS Markit releases France flash composite PMI survey data. The composite PMI is seen at 54.3 in March, down from 55.5 in February.

At 4:30 a.m. ET, the Swiss National Bank announces its decision on interest rates. The central bank is expected to keep the key interest rate and interest on sight deposits at the SNB at -0.75%.

Meanwhile, flash composite PMI data from Germany is expected. Economists expect the indicator to fall to 53.7 in March from 55.6 in February.

At 5:00 a.m. ET, Norges Bank is expected to announce the results of its Monetary Policy and Financial Stability Committee meeting. The bank is expected to raise its rate to 0.75% from 0.50%.

In addition, the results of the Eurozone flash composite PMI survey are expected. The flash composite PMI is expected to fall to 53.9 in March from 55.5 the previous month.

As of 5:30 a.m. ET, UK Markit/CIPS composite flash survey data is due. Economists expect the indicator to drop to 57.8 in March from 59.9 a month ago.

At 7:00 a.m. ET, the Confederation of British Industry releases data from the Distributive Trades survey. The retail sales balance is expected to fall to 10% in March from 14% in February.

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