mask Week Ahead | Clues On The Next Rate Hike

20/ 02/ 2017

Week Ahead | Clues On The Next Rate Hike

20th Feb to 24th Feb 2017

Monday

Financial markets in the U.S. will be closed for the Presidents Day holiday. Early morning, we will see Japan releasing their Trade Balance report based on their Imports and Exports. Later on, we will see Producer Price Index and consumer Confidence reports from Euro zone.

  • JPY Imports, Exports & Trade Balance
  • EUR Producer Price Index & Consumer Confidence

Tuesday

The Reserve Bank of Australia is to publish the minutes of its latest monetary policy meeting, giving investors insight into how officials view the economy and their policy options. The euro zone is to release survey data on private sector business activity. This will be followed by Public sector net borrowing report from UK.

The Day will end with US releasing Markit PMI Composite, Markit Services and Markit Manufacturing data.

  • AUD RBA Meeting Minutes
  • EUR Markit PMI Composite, Markit Services, Markit Manufacturing
  • GBP Public Sector Net Borrowing
  • USD Markit PMI Composite, Markit Services, Markit Manufacturing

Wednesday

Early morning RBA Governor Philip Lowe is to speak at an event in Sydney. Later on, Germany is to release the IFO Institute is to report on German business climate. The UK is to release revised figures on fourth quarter growth. Canada will publish data on retail sales.

The U.S. is to release industry data on existing home sales and later the Fed is to publish the minutes of its February policy meeting.

  • AUD RBA’s Governor Philip Lowes’s Speech
  • EUR IFO Business Climate, Current Assessment & Expectations, Consumer Price Index
  • GBP Gross Domestic Product
  • CAD Retails Sales
  • USD Existing Home Sales & FOMC Minutes

Thursday

The day will start with Germany releasing Gfk Consumer Confidence Survey which is a leading index that measures the level of consumer confidence in economic activity. This will be followed by Gross Domestic Product which is a measure of the total value of all goods and services produced by Germany.

The U.S. is to release the weekly report in initial jobless claims. This will be followed by Housing Price Index which provides an estimated value of housing market conditions. It is an important indicator as the housing market is considered as a sensitive factor to the US economy.

  • EUR Gfk Consumer Confidence Survey, Gross Domestic Product
  • USD Initial Jobless Claims & Housing Price Index

Friday

Friday looks dull in terms of major economic data. Canada is to publish figures on inflation. U.S. is to round up the week with data on new home sales and Baker Hughes US Oil Rig Count report.

  • CAD Inflation Figures
  • USD New Home Sales & Baker Hughes US Oil Rig Count