Highlights
In Germany, no revisions are expected to the provisional CPI data for January, which showed consumer prices rose 1.0 percent on the month and gained 8.7 percent on the year.
The Ifo business climate index is expected to improve for a sixth straight month in February, rising to 90.9 from January's 90.2.
France's INSEE business climate indicator is seen unchanged at 103 in February.
In Italy, no revisions are expected to the provisional CPI data, which showed a 0.2 percent increase on the month, with the annual rate remaining high at 10.1 percent.
At 2 p.m. EST (1900 GMT), the Federal Open Market Committee will release the minutes of its two-day meeting that ended on Feb. 1 at which the FOMC decided to raise the target range for the federal funds rate to 4.50 to 4.75 percent. The committee said it anticipates that ongoing increases in the target range will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time.
At 5:30 p.m. EST (2230 GMT), New York Federal Reserve Bank President John Williams will participate in a fireside chat on Taming Inflation before hybrid Credibility of Government Policies: Conference in Honor of Guillermo Calvo co-organized by Columbia University, Inter-American Development Bank, New York Fed, International Monetary Fund, Bank for International Settlements, and Universidad Torcuato di Tella.
In Australia, capital Expenditures for the fourth quarter are expected to rise 1.3 percent on the quarter versus 0.6 percent contraction in the third quarter.
Slowing its rate-hake path to 25 basis points at both its November and January meetings, the Bank of Korea is expected to stay on hold in March, keeping its policy rate unchanged at 3.50 percent. Last month, the bank said its policy board deems it warranted to maintain its restrictive policy stance with a focus on price stability going forward, as inflation this year is expected to run above the target level while gradually moderating after March.
The Ifo business climate index is expected to improve for a sixth straight month in February, rising to 90.9 from January's 90.2.
France's INSEE business climate indicator is seen unchanged at 103 in February.
In Italy, no revisions are expected to the provisional CPI data, which showed a 0.2 percent increase on the month, with the annual rate remaining high at 10.1 percent.
At 2 p.m. EST (1900 GMT), the Federal Open Market Committee will release the minutes of its two-day meeting that ended on Feb. 1 at which the FOMC decided to raise the target range for the federal funds rate to 4.50 to 4.75 percent. The committee said it anticipates that ongoing increases in the target range will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time.
At 5:30 p.m. EST (2230 GMT), New York Federal Reserve Bank President John Williams will participate in a fireside chat on Taming Inflation before hybrid Credibility of Government Policies: Conference in Honor of Guillermo Calvo co-organized by Columbia University, Inter-American Development Bank, New York Fed, International Monetary Fund, Bank for International Settlements, and Universidad Torcuato di Tella.
In Australia, capital Expenditures for the fourth quarter are expected to rise 1.3 percent on the quarter versus 0.6 percent contraction in the third quarter.
Slowing its rate-hake path to 25 basis points at both its November and January meetings, the Bank of Korea is expected to stay on hold in March, keeping its policy rate unchanged at 3.50 percent. Last month, the bank said its policy board deems it warranted to maintain its restrictive policy stance with a focus on price stability going forward, as inflation this year is expected to run above the target level while gradually moderating after March.
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.
