20th Feb to 24th Feb 2017
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. 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. 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. 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. 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.Monday
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