USA: Week Ahead - Mar 23rd.

The war in the Persian Gulf will remain the driver of market movements as energy exports from the region are all but halted ahead of the fourth week of conflict. Economic data in the US will be headlined by leading indicators in the S&P PMI, Michigan consumer confidence index, and results from surveys by multiple regional Fed banks. Flash PMIs will also be featured in the Euro Area and its largest economies, the UK, Japan, Australia, and India. Local confidence indicators will be posted in Germany and the Euro Area for more hints on the war's impact on sentiment. Consumer inflation reports are due in Japan, the UK, and Australia, while Spain will be the first major economy with March results. In turn, central bank policy decisions will take place in Norway and Mexico.