Weekly Outlook: Mar 23 – Mar 27: PMIs to Show Economic Damage from the Coronavirus
Channel: JFD Brokers
Date: 2020-03-23

Weekly Market Outlook by Charalambos Pissouros

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 them further, at least now.

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