Trading Week Ahead: Geopolitical Risks, PMIs and UK Retail Sales

Ongoing geopolitical tensions have reignited fears over a potential rise in inflation, while corporate earnings keep Carnival Corp’s unhedged fuel exposure and GameStop’s quarterly results in the spotlight. With central banks closely monitoring the situation, traders face a highly volatile environment across major asset classes. 

Focus now shifts to PMIs in Europe and the U.S., alongside critical UK retail data, to gauge the true economic fallout and test consumer resilience.

👉 Eurozone PMI

Manufacturing is forecast to slip into contraction at 49.5, with services cooling to 50.8. A weak print would confirm stagflation fears and pressure the euro. A surprise beat could trigger a brief risk-on rally.

👉 U.S. PMI

The services sector is forecast unchanged at 51.7. A robust print reinforces the higher-for-longer rate narrative and supports the dollar. A softer print may fuel recession fears and accelerate safe haven flows.

👉 UK Retail Sales

A critical reality check for the British economy. Strong consumer spending will likely provide late-week support for the pound. A weak report could trigger a sharp risk-off sell-off in sterling.

Tuesday, Mar. 24

Time

9:30 AM

Instrument

EUR

Event
German PMI

Time

10:00 AM

Instrument

EUR

Event
Eurozone PMI

Time

2:45 PM

Instrument

USD

Event
PMI

Wednesday, Mar. 25

Time

1:30 AM

Instrument

AUD

Event
CPI

Time

8:00 AM

Instrument

GBP

Event
CPI

Thursday, Mar. 26

Time

6:00 AM

Instrument

JPY

Event
BoJ Core CPI

Friday, Mar. 27

Time

8:00 AM

Instrument

GBP

Event
Retail Sales

Date	Time	Instrument	Event
Tuesday, Mar. 24	9:30 AM	EUR	German PMI
	10:00 AM	EUR	Eurozone PMI
	2:45 PM	USD	PMI
Wednesday, Mar. 25	1:30 AM	AUD	CPI
	8:00 AM	GBP	CPI
Thursday, Mar. 26	6:00 AM	JPY	BoJ Core CPI
Friday, Mar. 27	8:00 AM	GBP	Retail Sales

*All times in the table are in GMT+1