The highlights that dominate the week 25 -29 March 2019.
Brexit vote, US-China trade talks, US and UK GDP readings, UK business investment, Eurozone flash CPI, US PCE price index and personal consumption figures and US housing starts will dominate the week.
UK Parliament is expected to vote on different Brexit options this week after ministers acknowledged PM Theresa May’s deal is unlikely to ever win MPs approval. The vote will be the first time the House of Commons will grade different Brexit options.
US Trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will visit Beijing this week and expected to meet Chinese vice-premier Liu He to attempt and resolve the outstanding unresolved issues to end the US-China trade war.
US Q4 GDP is expected to be revised down to an annualized rate of 2.4%, from 2.6% in the previous estimate.
UK GDP is expected to have slowed to 0.2% in Q4, from 0.6% in Q3, while annualised GDP is expected to slow to 1.3%.
Business investment is expected to show the largest fall, with an annualised decline of 3.7%.
Eurozone flash CPI for March is expected to remain subdued, with headline inflation predicted to remain at 1.5%, and core prices likely to come in even weaker at 1%. In US, PCE core inflation for January is expected to remain unchanged at 1.9% y/y, just below the Fed’s 2% target.