What to look out for this week? – Deutsche Bank
|Analysts at Deutsche Bank list down the key economic releases and events for the week.
Key Quotes
“Monday: With US markets shut for Presidents' Day, expect it to be a pretty quiet start to the week with mainly second tier data releases due including February house price data in the UK and the Euro area current account reading for December. Away from that, Euro area finance ministers are expected to vote for the next ECB vice-president position, as well as debate Greece's bailout.”
“Tuesday: Data releases are again focused on Europe on Tuesday with January PPI and the February ZEW survey due in Germany, along with February CBI selling prices data in the UK and finally the February consumer confidence print for the Euro area in the afternoon. In terms of politics, the Social Democrats party in Germany will begin a two-week period for members to vote on the proposed coalition pact.”
“Wednesday: Things should start to heat up on Wednesday with the flash February PMIs due. First up in Asia we'll get the manufacturing reading in Japan, followed by manufacturing, services and composite prints in Germany, France and the Euro area. Later on we'll then get the same data in the US. Other data due on Wednesday includes December and January employment indicators in the UK, and January existing home sales data in the US. Away from this, the FOMC minutes from the January meeting are due late in the evening, while the Fed's Harker is scheduled to speak on the economic outlook in the afternoon. The BoE's Carney, Broadbent, Haldane and Tenreyro are also due to testify to Parliament's Treasury Committee on the Inflation Report.”
“Thursday: Another potentially busy day, kicking off with February confidence indicators and the final January CPI report in France, followed by Germany's IFO survey for February and the second estimate of Q4 GDP in the UK. In the US, data releases include initial jobless claims, the January leading index and the February Kansas City Fed manufacturing activity index print. Japan's CPI report for January will be out in the late evening. Away from the data, the Fed's Dudley and Bostic are due to speak. It's worth noting that markets in China will also reopen following the New Year holiday.”
“Friday: We'll end the week on Friday with the final revisions to Q4 GDP in Germany and also the final revisions to January CPI in the Euro area. The Fed's Williams, Mester and Dudley are due to speak, along with the ECB's Coeure. Away from that, EU leaders are scheduled to hold an informal meeting in Brussels to discuss the composition of the European Parliament and also the bloc's next budget. Finally the Fed is expected to publish its semi-annual monetary policy report to Congress.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.