Markets are up. What about sentiment?
- Markets are up – all is for the best in this best of all possible worlds. Although actually in the world of economics (by definition the best of all possible worlds) there was never really much to worry about.
- As the US recovers from its snowstorm we have the release of Dallas Fed business sentiment. The weather itself is significant (structurally via climate change, cyclically via seasonal adjustment).
- German ifo business sentiment is due – not likely to be affected by market volatility, but there may be a reaction to political uncertainties. The market is expecting a fairly resilient set of figures, however.
- The UK has CBI business trends data. The peculiarity for the UK is the question whether the EU referendum is going to have a bearing on sentiment figures – as companies start to pick sides in the debate.