In the week ahead, Fed Chair Janet Yellen is to testify on the bank’s semiannual monetary policy report in Washington. Her comments will be closely watched. The euro zone is to release preliminary data on fourth quarter growth and the Bank of England is to release its quarterly inflation report.
Monday, February 10
Japan is to produce data on the current account, bank lending and consumer confidence. In the euro zone, France is to release data on industrial production.
Tuesday, February 11
Markets in Japan are to remain closed for a national holiday. The U.K. is to release private sector data on retail sales. Australia is to produce private sector data on business confidence, as well as reports on home loans and house price inflation. Federal Reserve Chair Janet Yellen is to testify on the bank’s semiannual monetary policy report before the House Financial Services Committee, in Washington. Later in the day, Canada’s government is to release its annual budget statement.
Wednesday, February 12
Australia is to produce a private sector report on consumer sentiment. Japan is to release data on core machinery orders and tertiary industry activity. Switzerland is to publish data on consumer price inflation, which accounts for the majority of all inflation. The euro zone is to release data on industrial production. The BoE is to release its quarterly inflation report, which outlines projections for economic growth and inflation. BoE Governor Mark Carney is to hold a press conference to discuss the contents of the report. ECB President Mario Draghi is to speak at an event in Brussels.
Thursday, February 13
Australia is to publish data on the change in the number of people employed and the unemployment rate, as well as a private sector report on inflation expectations. Switzerland is to publish data on producer price inflation. The ECB is to publish its monthly bulletin. Canada is to release data on new house price inflation. The U.S. is to produce data on retail sales, the government measure of consumer spending, which accounts for the majority of overall economic activity. The nation is also to release the weekly report on initial jobless claims. Federal Reserve Chair Janet Yellen is to testify on the bank’s semiannual monetary policy report before the House Financial Services Committee, in Washington.
Friday, February 14
China is to release data on consumer and producer inflation. The euro zone is to release preliminary data on fourth quarter gross domestic product, the broadest indicator of economic activity and the leading indicator of economic growth. Germany, France and Italy are also to release preliminary estimates on fourth quarter growth. Canada is to produce data on manufacturing sales. The U.S. is to wrap up the week with the closely watched preliminary reading of the University of Michigan consumer sentiment index. The U.S. is also to release data on import prices and industrial production.