13th Feb to 17th Feb 2017
Monday is a light day in terms of economic data. The only report which is worth mentioning is Electronic Card Retails Sales from New Zealand. This measures purchases made in New Zealand on debit, credit and store cards. The busiest day of the week where major data will come out from Japan, Europe and UK. The day will start with Industrial Production report from Japan which measures outputs of the Japanese factories and mines. Next up will be key economic data from Europe on where they will focus on several fields for Consumer price index along with Gross Domestic Product, ZEW Survey – Economic Sentiment & Industrial Production. Next up will be Producer Price index (PPI) & consumer price index (CPI) from UK. PPI captures the monthly measurement of the rate of inflation experienced by the UK manufactures when buying goods and services. CPI is measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. Janet Yellen is scheduled to testify on the Semiannual Monetary Policy Report before the House Financial Services Committee in Washington DC. The testimony usually has 2 parts: the first part is reading a prepared statement and the second part is the question and answer session held by the committee. Since the questions are not revealed beforehand, the session can give rise to some unscripted moments and lead to heavy market volatility. First up will be Non-monetary policy meeting from European central bank which will be followed by Trade Balance from Europe which is the balance between exports and imports of total goods and services. Next up will be key data from USA on Retail Sales, Consumer Price Index, Industrial Production, & NAHB Housing Market Index. Finally day will end with Janet Yellen continuing her first testimony for the year. A busy day in terms of economic data. Early morning Employment Change will be released from Australia which is a measure of the change in the number of employed people in Australia. This will be followed by Unemployment Rate which is the number of unemployed workers divided by the total civilian labor force. Next up will be key data from Euro zone which will focus on Wholesale Price Index which shows value of sales made by wholesalers in Germany. The data will be followed by ECB monetary policy meeting which contain an overview of financial market, economic and monetary developments. It's followed by a summary of the discussion, in an unattributed form, on the economic and monetary analyses and on the monetary policy stance. The evening half of the day will be full of data from USA where key reports will focus on the US housing market. First up will be Building Permits which shows the number of permits for new construction projects. This will be followed by Housing starts which is an indicator that tracks how many new single-family homes or buildings were constructed. Next will be Initial jobless claims which is a measure of the number of people filing first-time claims for state unemployment insurance. Day will end with Philadelphia Fed Manufacturing Survey which is a spread index of manufacturing conditions. First up will be Retail sales ex-fuel from UK which is a measure of changes in sales of the British retail sector excluding fuel. It shows the performance of the retail sector in the short term. This will be followed by Retail Sales which measures the total receipts of retail stores. Monthly percent changes reflect the rate of changes of such sales. The latter half of the day will be data from USA, where first will be CB Leading Indicator which measures future trends of the overall economic activity including employment, average manufacturing workweek, initial claims, permits for new housing construction, stock prices and yield curve. The week will end with Baker Hughes US Oil Rig Count report.Monday
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