Summary of the most interesting economic events from the trading week of March 4 - 10, 2024

The recap of the week is here! Join us in recapping the highlights of the past week. This week will be packed with fundamentals, so stay tuned!


Within the euro area, data came to us during the week mainly on inflation. The core inflation rate in Germany fell to 2.5 % in February, in line with estimates. This was the lowest reading since June 2021 and close to the ECB's target. The inflation rate in Spain fell to its lowest level in six months (2.8 %). Core inflation also fell slightly year-on-year to 3.5 %. Broadly unchanged from estimates. The inflation rate in France fell to 3 % in February. This was the lowest reading since 1/2022. On a month-over-month basis, however, we could see an increase of 0.8 %. This is the fastest growth since 8/2023.

In terms of retail trade, the Spanish retail sector declined to 0.3 % in January 2024, a deterioration compared to the previous period. Although this was the fourteenth consecutive month of growth, it was the weakest in the series.

Overall, this is negative news for the EUR, except for the month-on-month inflation in France, which is a bit of a thorn in the side.

What's in store for us this week?

Monday: Euro area inflation rate (EUR)

Tuesday: BOJ meeting (JPY), RBA meeting (AUD), inflation in Canada (CAD)

This week will be mostly about monetary policy meetings of central banks. There are 6 meetings on the agenda. Tuesday's Bank of Japan is expected to finally end its negative rate policy and raise rates by 10bp.


We are currently planning to enhance our market analyses with additional interesting features. We will keep you informed, there is a lot to look forward to!

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