Weekly Market Outlook (19-23 February) ...Middle East

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Weekly Market Outlook (19-23 February)
UPCOMING EVENTS:Monday: US/Canada Holiday, Canada PPI.Tuesday: RBA Meeting Minutes, PBoC LPR, Canada CPI, New Zealand PPI.Wednesday: Australia Wage data, FOMC Meeting Minutes.Thursday: Australia/Japan/Eurozone/UK/US Flash PMIs, ECB Minutes, Canada Retail Sales, US Jobless Claims, New Zealand Retail Sales. Friday: Japan Holiday, German IFO.TuesdayThe PBoC is expected to keep the LPR rates unchanged at 3.45% for the 1-year and 4.20% for the 5-year. The MLF decision is generally a precursor for the LPR change and the PBoC decided to keep the rate unchanged at 2.50% on Sunday. The central bank surprised recently by cutting the RRR by 50bps v

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