Global cues, macroeconomic data may set market trend
Mar 10, 2023 04:26 PM | Source: capitalmarket.com
The equity market may remain under pressure next week amid risk aversion in global markets and selling pressure from FIIs. Investors are bracing for a likely faster and longer period of interest rate hikes.
India's consumer inflation data for February will be unveiled on Monday, 13 March 2023. The annual consumer price inflation in India accelerated to 6.52% in January of 2023, the highest in three months, compared to 5.72% in December.
India's wholesale price inflation (WPI) inflation data for February will be disclosed on Tuesday, 14 March 2023. India's annual wholesale price inflation rate declined to 4.73% in January 2023 from 4.95% in the previous month.
India's balance of trade data for February will be unveiled on Tuesday, 14 March 2023. India's trade deficit widened to $17.75 billion in January 2023, up from $17.42 in the same month last year.
Global Market:
Markets will track Friday's payroll data from the US that will signal how the US Fed goes about rate hikes. Better-than-expected job numbers will compel the Fed to raise rates by 50 bps in the 22 March meeting.
United States inflation data for February will be unveiled on Tuesday, 14 March 2023.
China's industrial production numbers for January-February will be disclosed Wednesday, 15 March 2023.
United States producer price inflation and retail sales data for February will be announced Wednesday, 15 March 2023.
Japan's balance of trade data for February will be unveiled on Thursday, 16 March 2023.
United States building permits data for February will come out on Thursday, 16 March 2023.
United States Michigan Consumer Sentiment data for March will be announced Friday, 17 March 2023.