Merchandise trade from China, posted on Sunday Chinese time, will open the week in what is expected to be a strong report. Consumer price data from China and the US, both on Wednesday, are expected to be mixed and not likely to feed new inflationary worries. Industrial production will be a theme of the week, posted in Germany, Italy, France and also the UK; only Italy and France are expected to show significant strength. The big news will be central bank meetings, first the Bank of Canada on Wednesday followed on Thursday by the European Central Bank. No rate moves are expected though new QE, in response to rising long-term rates, could be in play for the ECB. Other data to watch include US unemployment claims on Thursday and January GDP from the UK and February employment from Canada, both on Friday. Japanese GDP on Tuesday and German CPI on Friday will be revisions.
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