1) Developments in the Bank Crisis
The most prominent American bank to fail since the global financial crisis of 2008 happened last Friday. This had a significant effect on the tech industry. Since then, other regional American banks have encountered issues, while in Europe, Credit Suisse narrowly escaped a serious danger. The bank crisis was indirectly affected by the recent rise in reference rates set by central banks worldwide. Keep an eye on the news about this crisis because what the central bankers do could significantly affect your investment plans or open up new opportunities.
2) Federal Fund Rate Decision
The Federal Reserve is likely to raise the federal funds rate by 25 basis points on Wednesday, despite the crisis in the banking sector. Like how the ECB raised the main refinancing rate last week, economists believe that the Federal Reserve will still raise rates by a small amount next week.
3) Super Thursday for the pound
The Bank of England will release yet another bank rate statement on Thursday (BOE). Officials from the Monetary Policy Committee (MPC) are anticipated to vote in favor of raising the Official Bank Rate by 25 basis points. It will be a trying week for policymakers as they try to navigate the issues that the global banking sector is facing.
4) Global Flash PMI Announcements
Watch out for the Flash PMI announcements on Friday, which act as leading indications of a nation’s manufacturing sector. The Flash PMI report calculates manufacturing based on 85% to 90% of all monthly replies to the Purchasing Managers’ Index (PMI) survey. Industry expansion is indicated by a score above 50.0, while industry contraction is indicated by a value below 50.0.
5) The change to Daylight Saving Time in Europe
Also, remember that on March 26, for Daylight Saving Time, clocks across Europe will advance by one hour. Depending on your time zone and the server time of your platform, this change will impact the trading schedule for several instruments. To stay updated, make sure to research any changes that your broker has disclosed.
To sum up, several significant events and changes are coming up next week that investors need to pay special attention to. By staying aware and alert, you can make good decisions, take advantage of new opportunities, and deal with possible dangers.
