Highlights
The UK GDP is expected to be unchanged in the October-December quarter after a 0.3 percent contraction in the third quarter. The economy is forecast to have grown just 0.4 percent on the year in the fourth quarter, slowing form 1.9 percent growth in the previous quarter.
In December, the economy is forecast to have shrunk 0.3 percent on the month after rising 0.1 percent in November.
Industrial production in the UK is expected to show a 0.2 percent drop on the month in December after falling at the same pace in November, with the year-over-year decrease seen larger at 5.3 percent after a 5.1 percent drop the previous month.
The UK trade deficit on goods is expected to be broadly stable at £15.5 billion in December.
In Italy, industrial production is expected to dip 0.2 percent on the month in December for a fourth straight decline following a 0.3 percent drop in November.
The University of Michigan's consumer sentiment index forecast at 65.0 in the first reading for February, little changed from 64.9 in January.
The US Treasury statement is expected to show a $55.0 billion deficit in January that would compare with a $118.7 billion deficit in January 2022 and a deficit in December 2022 of $85.0 billion. January is the fourth month of the government's fiscal year.
In Canada, employment in January is forecast to have risen by 8,000 (forecasts range from 5,000 to 20,000), correcting lower following December's 104,000 jump. January's unemployment rate is expected to rise 2 tenths 5.2 percent (some forecast 5.1 percent). Bank of Canada policymakers believe the domestic labor market is still tight and adding upward pressers to inflation.
Federal Reserve Board Governor Christopher Waller will speak on Digital Assets before the Global Interdependence Center Digital Money, Decentralized Finance, and the Puzzle of Crypto event at 12:30 p.m. EST (1730 GMT).
Later at 4 p.m. EST (2100 GMT), Philadelphia Federal Reserve Bank President Patrick Harker will speak on How Did Americans Manage Their Finances and Purchases During and After the Pandemic? at the same event.
In December, the economy is forecast to have shrunk 0.3 percent on the month after rising 0.1 percent in November.
Industrial production in the UK is expected to show a 0.2 percent drop on the month in December after falling at the same pace in November, with the year-over-year decrease seen larger at 5.3 percent after a 5.1 percent drop the previous month.
The UK trade deficit on goods is expected to be broadly stable at £15.5 billion in December.
In Italy, industrial production is expected to dip 0.2 percent on the month in December for a fourth straight decline following a 0.3 percent drop in November.
The University of Michigan's consumer sentiment index forecast at 65.0 in the first reading for February, little changed from 64.9 in January.
The US Treasury statement is expected to show a $55.0 billion deficit in January that would compare with a $118.7 billion deficit in January 2022 and a deficit in December 2022 of $85.0 billion. January is the fourth month of the government's fiscal year.
In Canada, employment in January is forecast to have risen by 8,000 (forecasts range from 5,000 to 20,000), correcting lower following December's 104,000 jump. January's unemployment rate is expected to rise 2 tenths 5.2 percent (some forecast 5.1 percent). Bank of Canada policymakers believe the domestic labor market is still tight and adding upward pressers to inflation.
Federal Reserve Board Governor Christopher Waller will speak on Digital Assets before the Global Interdependence Center Digital Money, Decentralized Finance, and the Puzzle of Crypto event at 12:30 p.m. EST (1730 GMT).
Later at 4 p.m. EST (2100 GMT), Philadelphia Federal Reserve Bank President Patrick Harker will speak on How Did Americans Manage Their Finances and Purchases During and After the Pandemic? at the same event.
Definition
Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.
Description
Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.
