- The collapse of the Korean summit is not market significant – unless it changes expectations about US President Trump’s focus.
- The president may want a quick win on trade to offset the Korean situation. There are media reports of a mid-March summit with China and a « quick » trade deal.
- US personal income and spending data are published today. With the surprise weakness in retail sales, these numbers have some additional interest.
- The PCE deflator, the Fed’s favored inflation measure, is also due. Wage costs have been rising, but this may be more of an issue for profit margins than inflation.
- German unemployment and retail sales data will hint at the health of the German consumer.
- Euro area consumer price inflation will be overlooked. UK credit data is due.
- [Reuters] Asian shares up after MSCI announces China weighting boost