In the coming week, investors will be focusing on Wednesday’s minutes of the latest Federal Reserve meeting for further indications on when the Fed may start to hike interest rates. Wednesday’s policy announcement by the Bank of Japan and Friday’s data on euro zone private sector activity will also be closely watched.
Monday, February 16
Japan is to release preliminary data on fourth quarter economic growth. Markets in the U.S. are to remain closed for the Presidents Day holiday.
Tuesday, February 17
The Reserve Bank of Australia is to publish the minutes of its latest policy meeting, which contain valuable insights into economic conditions from the bank’s perspective. The U.K. is to release data on consumer price inflation. In the euro zone, the ZEW Institute is to report on German economic sentiment. Canada is to release data on foreign securities purchases. The U.S. is to release data on manufacturing activity in New York State as well as a private sector survey of home builders.
Wednesday, February 18
Markets in China are to remain closed for a national holiday. The Bank of Japan is to announce its benchmark interest rate and publish its rate statement, which outlines economic conditions and the factors affecting the monetary policy decision. The bank will hold a press conference following the announcement. The U.K. is to publish its latest employment report, which includes a look at the unemployment rate, the change in the number of people employed and average earnings. At the same time, the Bank of England is to publish the minutes of its January meeting. Later Wednesday, Canada is to release data on wholesale sales. The U.S. is to release a string of economic reports, including data on producer prices, housing starts, building permits and industrial production. Later in the day, the Federal Reserve is to publish the minutes of its January meeting.
Thursday, February 19
Japan is to release data on the trade balance. Markets in China are to remain closed for a national holiday. Switzerland is to release a report on the trade balance. The European Central Bank is to publish the minutes of its January meeting. The U.K. is to produce private sector data on industrial order expectations. The U.S. is to publish a report on manufacturing activity in the Philadelphia region and the weekly government figures on initial jobless claims.
Friday, February 20
Markets in China are to remain closed for a national holiday. The euro zone is to publish preliminary data on private sector activity, while Germany and France are to also to publish data on private sector growth. The U.K. is to release data on retail sales, as well as a report on public sector borrowing. Later in the day, Canada is to produce data on retail sales. The U.S. is to round up the week with preliminary data on manufacturing activity.