What to look out for this week? – Deutsche Bank

Analysts at Deutsche Bank suggest that we start the week with the UK’s January Finance loans for housing.

Key Quotes

“Across the pond, the January Chicago Fed National activity, February Dallas Fed manufacturing index and new home sales data are also due. Onto other events, the ECB’s Draghi will addresses the EU Parliament while the incoming ECB VP Mr De Guindos will also attend his confirmation hearing at the Parliament. Elsewhere, the ECB’s Coeure, BOE’s Cunliffe and the Fed’s Bullard will speak. The UK’s opposition leader Corbyn is expected to set out the Labour Party’s Brexit position today with the party set to announce that they would stay in the Customs Union. This will cause problems for Mrs May who has said the country will leave. Parliament is generally in favour of staying so this raises the possibility of a lost vote somewhere down the line.”

“Tuesday: Germany’s flash February CPI and the Euro area’s money supply and credit aggregates are due. Then a range of February confidence indicators are due for the Euro area, France and Italy. In the US, the February Richmond Fed and CB consumer confidence index are due. Further, a range of data including: January advanced goods trade balance, wholesale and retail inventories, durable and capital goods orders along with the December FHFA and S&P corelogic house price index are also due. Onto other events, the Fed’s Powell testifies in front of the House Financial services committee. Elsewhere, the ECB’s Weidmann and Mersch as well as BOE’s Sam Woods will speak. The Brookings Institution will host a conversation with the former Fed Governor Yellen and Bernanke. Finally, the EU negotiator Barnier will brief European affairs ministers.”

“Wednesday: Overnight, Japan’s January IP and retail sales along with China’s February composite and manufacturing PMI will be out. In early morning, the GfK consumer confidence index for the UK (Feb.) and Germany (March) are also due. Later on, the flash February CPI readings for the Euro area, France and Italy will also be out. Elsewhere, France’s January PPI and 4Q GDP along with Germany’s February unemployment rate are also due. In the US, the February Chicago PMI, second reading on the 4Q GDP and Core PCE as well the January pending home sales data will be due. Onto other events, the EU negotiator Barnier will brief permanent EU representatives on Brexit and the withdrawal text is also expected to be published.”

“Thursday: In Asia, the February manufacturing PMI for Japan (Nikkei) and China (Caixin) along with Japan’s consumer confidence index will be due. Then the final readings on February manufacturing PMIs across Europe are also due. Elsewhere, the Euro area and Italy January unemployment rate will be out. In the UK, the January net consumer credit lending and mortgage approvals along with the February flash manufacturing PMI are all due. In the US, a range of data will be out, including: January PCE Core, February ISM manufacturing index, personal income and spending, weekly initial jobless claims and continuing claims. Onto other events, the Fed’s Powell is back again in front of the US Senate while the US Transportation Secretary Ms Chao also testifies before the Senate on Trump’s infrastructure plan. The ECB’s Nouy and Lane along with the BOJ’s Kataoka will speak. Elsewhere, senior officials from Euro area finance ministries discuss the banking union and the future role of the ESM.”

“Friday: Overnight, Japan’s January unemployment rate and February CPI will be out. Then the Euro area’s January PPI, Germany retail sales and the final reading for Italy’s 4Q GDP are due. In the US, the final reading for the February Uni. of Michigan’s consumer sentiment will also be out. Onto other events, the BOE’s Carney and the ECB’s Mersch will speak. The UK’s PM May is expected to outline her vision for a post Brexit trade deal with the EU. Then on Saturday, China’s annual national legislative meetings will start and expected to run for two more weeks.”