Markets remain volatile
SNB and Norges Bank to deliver rate decisions today
Investors remain nervous. Coordinated actions from central banks and governments all around the world failed to shore up sentiment and stock markets remain under pressure. Massive moves can also be spotted on the FX market this week. Swiss National Bank and Norges Bank will announce their rate decisions today.
Neither one is expected to change the level of rates but some other actions could be taken. Apart from that, second-tier US data will be released in the afternoon
8:30 am GMT - SNB rate decision.
9:00 am GMT - Poland, industrial production for February. Expected: 1.6% YoY. Previous: 1.1% YoY
9:00 am GMT - Norges Bank rate decision.
12:30 pm GMT - US, Philadelphia Fed index for March. Expected: 10 pts. Previous: 36.7 pts
12:30 pm GMT - US, jobless claims. The jobless claims have been overlooked by markets for some time but the data it is likely to start drawing increased attention once again.
Plant closures and other disruptions caused by coronavirus outbreak are likely to be seen in claims data. Market expects a reading of 218k.