Key events:         UK – Retail Sales (MoM) (Feb) UK – Composite PMI    UK – Manufacturing PMI    UK – Services PMI   Eurozone – EU Leaders Summit      USA – Core Durable Goods Orders (MoM) (Feb) Canada – Core Retail Sales (MoM) (Jan) The Bank of England raised its rate by 25 points to 4.25%, just in line with market expectations. For the third meeting in a row, two members voted to maintain rates, but they were opposed by seven more hawkish members.

Key events:         New Zealand – RBNZ Interest Rate Decision New Zealand – RBNZ Rate Statement      New Zealand – RBNZ Press Conference      USA – FOMC Meeting Minutes   First of all, there are enough reasons for optimism in the market, and each of them is quite convincing. China is lifting the quarantine measures imposed because of the coronavirus. This leads to improvements in supply chains and reduces pro-inflation risks.

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Key events:         USA – Crude Oil Inventories European markets had a mixed session yesterday, tempered by some uncertainty ahead of scheduled comments from Fed Chairman Powell, who was expected to take a slightly different, more hawkish tone in light of Friday's US jobs report.