Global markets brace for a week filled with pivotal economic indicators that are expected to influence financial dynamics significantly. On March 11, Westpac's Consumer Confidence Index and NAB's Business Confidence will take center stage, providing crucial insights into consumer and business sentiments. These indices are particularly important as they come amidst growing uncertainties surrounding US tariffs and concerns about the economic health of the United States, which have already taken a toll on the Greenback.
Adding to the economic data deluge, the NFIB Business Optimism Index and JOLTs Job Openings will also be unveiled on March 11. These reports are anticipated to spark debates regarding the current state of the labor market and business outlook. On the same day, the American Petroleum Institute (API) will release its weekly report on US crude oil stockpiles, a key factor influencing oil prices globally.
In Japan, a series of economic data releases scheduled for March 10 will include Average Cash Earnings, Current Account balances, Bank Lending figures, and preliminary readings of both the Coincident Index and the Leading Economic Index. Additionally, the Eco Watchers Survey will offer insights into economic conditions from the perspective of service workers. Japan will further reveal its Producer Prices and the BSI Large Manufacturing index on March 12, which are critical for assessing inflationary pressures and manufacturing sector health.
March 13 will see the publication of Australia's Building Permits and Private House Approvals, essential indicators for the country's construction sector performance. The Reserve Bank of Australia's Jones is also slated to speak on this day, potentially offering guidance on monetary policy directions. Meanwhile, the UK's BRC Retail Sales Monitor will be released on March 11, followed by the RICS House Price Balance on March 13, shedding light on retail performance and housing market trends in Britain.
Germany's economic landscape will be under scrutiny with the Balance of Trade results and Industrial Production readings due on March 10. These figures are crucial for understanding Europe's largest economy's export activities and industrial output. Furthermore, Germany's final Inflation Rate will be revealed on March 14, providing a comprehensive view of price stability in the region.
The week will culminate with the preliminary Michigan Consumer Sentiment gauge on March 14, offering a snapshot of consumer confidence in the United States. This indicator is watched closely as it reflects consumer spending tendencies, a major component of economic activity.
Consumer price inflation began strongly in 2025 but appeared to have moderated in February, indicating cooling price growth. This trend is part of a broader economic narrative that has market participants closely monitoring inflation data due for release on March 12.