Highlights
Germany's Gfk consumer climate index is forecast to improve further to minus 30.4 for March after picking up nearly 4 points in February to minus 33.9.
No revisions are expected to the provisional German GDP data for the October-December quarter, when the economy contracted 0.2 percent on quarter and grew 1.1 percent on year.
In the US, personal income is expected to rise 1.0 percent in January, with consumption expenditures expected to increase 1.2 percent. These would compare with a December rise of 0.2 percent for income and a December fall of 0.2 percent for consumption.
Inflation readings for January are expected at monthly gains of 0.4 percent overall and also 0.4 percent for the core (versus respective increases of 0.1 and 0.3 percent) for annual rates of 4.9 and 4.3 percent (versus December's 5.0 and 4.4 percent).
New home sales, which have been depressed, are expected to hold steady in January, at a 617,000 annualized rate in versus 616,000 in December.
The University of Michigan consumer sentiment index is expected to end February at 66.4, 1.5 points above January and unchanged from February's mid-month flash.
Cleveland Federal Reserve Bank President Loretta Mester will speak before the Chicago Booth Initiative on Global Markets 2023 U.S. Monetary Policy Forum at 10:15 a.m. EST (1515 GMT).
Boston Federal Reserve Bank President Susan Collins (via pre-recorded video) and Federal Reserve Board Governor Christopher Waller (moderator) will participate in the Why Did We Miscast Inflation? panel before the Chicago Booth Initiative on Global Markets 2023 U.S. Monetary Policy Forum at 1:30 p.m. EST (1830 GMT).
No revisions are expected to the provisional German GDP data for the October-December quarter, when the economy contracted 0.2 percent on quarter and grew 1.1 percent on year.
In the US, personal income is expected to rise 1.0 percent in January, with consumption expenditures expected to increase 1.2 percent. These would compare with a December rise of 0.2 percent for income and a December fall of 0.2 percent for consumption.
Inflation readings for January are expected at monthly gains of 0.4 percent overall and also 0.4 percent for the core (versus respective increases of 0.1 and 0.3 percent) for annual rates of 4.9 and 4.3 percent (versus December's 5.0 and 4.4 percent).
New home sales, which have been depressed, are expected to hold steady in January, at a 617,000 annualized rate in versus 616,000 in December.
The University of Michigan consumer sentiment index is expected to end February at 66.4, 1.5 points above January and unchanged from February's mid-month flash.
Cleveland Federal Reserve Bank President Loretta Mester will speak before the Chicago Booth Initiative on Global Markets 2023 U.S. Monetary Policy Forum at 10:15 a.m. EST (1515 GMT).
Boston Federal Reserve Bank President Susan Collins (via pre-recorded video) and Federal Reserve Board Governor Christopher Waller (moderator) will participate in the Why Did We Miscast Inflation? panel before the Chicago Booth Initiative on Global Markets 2023 U.S. Monetary Policy Forum at 1:30 p.m. EST (1830 GMT).
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.
