We will find out how much KGHM earned on the silver price rally. Find out what will shake the markets in spring
From the results of Polish retail sales, through global PMI readings, to the financial reports of companies such as KGHM, Dino or LPP – the calendar is bursting at the seams. We have prepared a list of the most important events that will dominate the dance floors next week.
Monday, March 23
We will start the week by getting to know February retail sales results (9:30) in Poland and M3 money supply statistics (14:00) presented by the National Bank of Poland. The calendar also includes speeches by ECB members (Cipollone and Lane) and data on US construction investment spending.
Reports will appear on the WSE and New Connect, including: Marivpolu, Ten Square Games, Quercusa, GPW, Seko, Scanway, Pointpack, MPay, Galvo, and the full schedule can be found in our calendar.
Tuesday, March 24
The day will be full of… preliminary March PMI readings for the world's largest market economies. We start the timetable in Japan (1:30), then we will go through France (9:15), Germany (9:30) and the entire euro zone (10:00), until we reach the USA (14:45) through Great Britain (10:30).
Moreover, inflation data will come from Japan and retail sales data from Great Britain. In Poland, it will publish a monthly statistical bulletin, which is a mine of macro data for February, including the unemployment rate. In turn, the Bank of Hungary will announce its decision on the level of interest rates.
In the USA, we have the publication of data on labor productivity, the reading of the Richmond Fed index on production activity and change in fuel stocks according to API, particularly interesting in the context of the war in the Middle East and rising oil prices.
The financial statements for 2025 will be presented on the WSE by: WP, Sygnity and Atrem.
Wednesday, March 25
At 8:00 we will know the February consumer inflation (CPI) and producer inflation (PPI) statistics for Great Britain. Earlier in the night, the minutes from the last meeting of the Bank of Japan will arrive, which did not change the rate level. An identical document from the meeting, which also did not change rates in March, will be published by the Swedish Riksbank.
We'll take a look too to Germany, where the Ifo index will be published at 10:00 for March measuring the mood in German business. The rest of the day will be devoted to data from the US. At 1:30 p.m. the Americans will present data on February's import and export prices. The weekly EIA report on fuel stocks may be important for the oil market.
The annual report for 2025, and thus the results for the fourth quarter, in which the silver price reached $80 per ounce, will be presented by KGHM. Additionally, the results will be shown by Echo, Lokum, Archicom, Asbis, Stalexport, ZUE, Artifex.
Thursday, March 26
The ECB will show February's M3 money supply statistics in the Eurozone. The calendar also includes GDP data from Spain, readings of consumer and business confidence indices in France, trade balance from Sweden, and minutes from the meeting of the Czech National Bank. Interest rates will be decided by the Bank of Norway.
Weekly data on unemployment claims and changes in gas stocks will come from the United States.
Annual reports on the WSE will show, among others: LPP, Dino, Kęty, BOŚ Bank, Neuca, Toya, Atal, Voxel, and preliminary data for the first quarter (postponed financial year) will be presented by Pepco.
Friday, March 27
At 9:00 a.m. BIEC will show the March leading economic indicator for Poland. An hour earlier, the latest German consumer sentiment survey (GfK) will be released. Also at 8:00 the British will show retail sales data. At 9:00 a.m. Spaniards will report the March inflation reading.
1:30 p.m. is the time of publication of the Americans' trade balance. At 3:00 p.m. the final reading of the University of Michigan's March report measuring household sentiment and American inflation expectations will be released.
The results for 2025 will be presented by, among others: Izostal, Budimex, Ipopema, Cormay and others.
Sunday, March 29
From an investment point of view, what is important is that the time difference between Poland and New York returns to the usual 6 hours and from the new week, the session on Wall Street will again run from 15:30 to 22:00 Central European time.
