Here Are The Key Market Moving Events For Friday, March 16, 2012

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It’s nearly the weekend and there are few market moving releases scheduled for the Friday. The most crucial economic indicators are expected in the U.S..Here’s what you need to know.

  • South Korea starts things off at 5:00 p.m. ET when it announces import and export prices.
  • The next major data point is from Europe, with eurozone trade balance due out at 6:00 a.m. ET. Economists expect a surplus of €6 billion.
  • At 8:30 a.m. ET attention shifts to the U.S. with the release of February consumer prices. Analysts expect CPI to rise 0.5 per cent month-over-month (mum) and core-CPI to rise 0.2 per cent mum. Italy also announces its trade balance tomorrow.
  • Industrial production for February will be out at 9:15 a.m. ET. Consensus is for production and manufacturing to rise 0.5 per cent mum.
  • Finally, the consumer sentiment index for March will be out at 9:55 a.m. ET. Expectations are for a rise in the sentiment index level to 76.

There are no major earnings announcements scheduled for the day. All consensus estimates are provided by Bloomberg.

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