Key Financial Events Next Week: India' WPI Inflation Data, US Fed Rate Decision, And More

After a tumultuous week, India’s stock market is awaiting several key macroeconomic data releases this coming week beginning March 17. Sensex closed the week at 73,828.91, down by 200.85 points, or 0.27 per cent. Nifty 50 ended at 22,397.20, down 73.30 points, or 0.33 per cent.

In India, Wholesale Price Index (WPI) inflation readings for the month of February will be released next week. The market participants will also be awaiting US Federal Reserve’s decision on interest rates. China’s retail sales growth along with industrial production data, and US core retail sales data.

Ajit Mishra, SVP Research, Religare Broking, said, “All eyes are on the US Federal Reserve’s monetary policy review. While recent US inflation data suggests a favourable trend, the possibility of an interest rate cut remains uncertain due to ongoing trade tensions however their commentary would be crucial.”

“Next week's release of China's retail sales growth data and industrial production data will provide a clearer understanding of the Chinese economic growth outlook. Investors will also be closely monitoring US retail sales and production numbers," said Vinod Nair, Head of Research, Geojit Financial Services.

Here’s a quick look at the key macroeconomic data releases this coming week (March 17-21).

Monday, March 17:

• India WPI Inflation

• China Industrial Production

• China Retail Sales

• China Unemployment Rate

• United States Retail Sales

Tuesday, March 18:

• United States Building Permits

• United States Industrial Production

• Canada CPI Inflation

Wednesday, March 19:

• Japan BoJ Interest Rate Decision

• Japan Industrial Production

• Eurozone Inflation

• United States FOMC Interest Rate Decision

• United States FOMC Economic Projections

• Eurozone CPI Inflation

Thursday, March 20:

• United Kingdom BoE Interest Rate Decision

• United States Existing Home Sales

• China Loan Prime Rate

• United Kingdom Labour Market Report

Friday, March 21:

• Japan CPI Inflation

• Canada Retail Sales

• Canada New Housing Price