WEEK 09 AHEAD Economic calendar: Mon 27th Feb to Fri 3rd March 2017

 

Analysis written BY retail traders FOR retail traders

Important: Please be aware that the following expected figures are analysts estimates based upon the data available at the time this calendar was posted. As each data point draws nearer you should expect some fluctuation in these expectations and stay as up to date as you possibly can as to any renewed expectations immediately prior to the release of a data point. 

 


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WEEK 09 AHEAD Economic calendar: Mon 27th Feb to Fri 3rd March 2017

 

Monday 27th Feb

10am – eurozone business confidence (February): forecast to rise to 0.84 from 0.77.

1.30pm – US durable goods orders (January): overall orders expected to rise 1.9% MoM from a 0.4% drop, while excluding transportation the figure is expected to be 0.5%, in line with the previous month.

3pm – US pending home sales (January): expected to rise 0.2% YoY from 0.3% last month.

 

Tuesday 28th Feb

Time TBC – Trump speech to Congress: the new president will address both houses, with markets hoping that he will give some details of his stimulus and tax programmes. This promises to be the big event of the week.

1.30pm – US GDP (Q4, second estimate): growth expected to be revised up to 2.1% QoQ from previous 1.4% reading.

2.45pm – US Chicago PMI (February): index expected to rise to 52.3 from 50.3.

3pm – US Conf Board consumer confidence (February): forecast to decline to 110.9 from 111.8

 

Wednesday1st Mar

12.30am – Australia GDP (Q4): growth forecast to be 0.5% QoQ and 1.5% YoY, from -0.5% and 1.8% respectively.

1.00pm – China manufacturing, non-manufacturing PMIs (February): manufacturing PMI forecast to fall to 51.2 from 51.3, while the non-manufacturing PMI holds at 54.6.

1.45pm – China Caixin manufacturing PMI (February): private sector survey expected to rise to 52.1 from 51.

8.55am – Germany unemployment (February): rate expected to remain at 5.9%, while the number of unemployed falls by 11,000 after a 26,000 drop last month.

9.30am – UK manufacturing PMI (February): activity expected to weaken slightly, with the index declining to 55.6 from 55.9.

1.00pm – German CPI (February, preliminary): expected to rise to 2.1% YoY from 1.9%.

3pm – Bank of Canada rate decision: no change to rates expected, from the current 0.5%.

3pm – US ISM manufacturing PMI (February): activity expected to slow, with the index falling to 55.7 from 56.

3.30pm – US EIA crude inventories (w/e 24 February): stockpiles expected to rise by 2.1 million barrels after a 564,000 barrel increase a week earlier.

 

Thursday 2nd Mar

12.30am – Australia trade balance (January): previous reading was a surplus of A$3.5 billion.

9.30am – UK construction PMI (February): forecast to fall to 52 from previous reading of 52.2.

10am – eurozone inflation (February), unemployment (January): inflation expected to be 2.1% YoY from 1.8%, while core inflation rises to 1% from 0.9%. Meanwhile, the unemployment rate is expected to remain at 9.6%.

1.30pm – Canada GDP (Q4): forecast to fall to 0.5% from 0.9% QoQ and to 1.7% from 3.5% YoY.

1.30pm – US initial jobless claims (w/e 25 February): expected to drop to 243K from 244K.

11.30pm – Japan inflation, unemployment (January): inflation expected to remain at 0.3% YoY and rise to -0.1% MoM from -0.2%.

 

Friday 3rd Mar

1.45am – China Caixin services PMI (February): service activity expected to accelerate, with the index rising to 53.4 from 53.1.

5am – Japan consumer confidence (February): index expected to fall to 43 from 43.2.

9.30am – UK services PMI (February): the biggest of the UK PMI readings, forecast to rise to 55.1 from 54.5.

3pm – US ISM non-manufacturing PMI (February): expected to fall to 56.4 from 56.5.

 

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