Highlights
The Eurozone's annual broad money growth (on a 3-month basis) is expected to slow further to 4.1 percent in January after sliding to 4.7 percent in December from November's 5.4 percent.
Italy's consumer confidence index is forecast to show some improvement to 102.7 in February after falling to 100.9 in January from a seven-month high of 102.5 in December.
The EC economic sentiment index is also expected to rise further to 101.0 in February from 99.9 in January, when it posted a stronger-than-expected gain from an upwardly revised 97.1 for December.
In the US, durable goods orders are expected to fall back 4.0 percent on the month in January following December's 5.6 percent surge tied to aircraft orders. Orders excluding transportation, which have been flat, are seen down 0.1 percent, with core capital goods orders, which have also been flat, unchanged.
Pending home sales in January are expected to rise a further 1.0 percent on the month after rebounding a sizable 2.5 percent in December, the first gain since May last year.
The Dallas Fed manufacturing survey's general activity index is expected to post a 10th straight negative reading, sliding to minus 9.0 in February after rising 12 points to minus 8.4 in January.
Japan's industrial production is forecast to post its first drop in three months in January, down 3.0 percent on the month, after December's upwardly revised slight gain, in tandem with slowing global growth caused by cumulative effects of credit tightening by major central banks aimed at bringing elevated inflation back to target.
The slump in output reflects weaker exports in January on slowing global demand and suspended shipments during the Lunar New Year holidays in some parts of Asia. The Bank of Japan's real export index fell a seasonally adjusted 2.9 percent on the month in January for the second straight decline after slipping 4.5 percent in December.
Japanese retail sales are expected to have posted their 11th straight year-over-year increase in January, with the pace of increase seen accelerating slightly to 4.1 percent from December's 3.8 percent, as the economy continued to open amid easing fears about the impact of the recent spike in new Covid cases. The latest industry data showed department store sales marked the 11th straight year-over-year rise in January, up 15.1 percent, after a 4.0 percent gain in December. New Year's sales drew more people in the absence of strict public health rules while low temperatures supported demand for winter clothing. The relatively weak yen and relaxed Covid border rules continued to boost spending by foreign visitors.
In Australia, retail sales are expected to rise a seasonally adjusted 1.6 percent on the month in January after falling a steep 3.9 percent in December and rising 1.7 percent in November. The slump in December was the first drop in 12 months and the steepest since the 4.0 percent plunge recorded in August 2020 during the initial phase of the global pandemic.
Italy's consumer confidence index is forecast to show some improvement to 102.7 in February after falling to 100.9 in January from a seven-month high of 102.5 in December.
The EC economic sentiment index is also expected to rise further to 101.0 in February from 99.9 in January, when it posted a stronger-than-expected gain from an upwardly revised 97.1 for December.
In the US, durable goods orders are expected to fall back 4.0 percent on the month in January following December's 5.6 percent surge tied to aircraft orders. Orders excluding transportation, which have been flat, are seen down 0.1 percent, with core capital goods orders, which have also been flat, unchanged.
Pending home sales in January are expected to rise a further 1.0 percent on the month after rebounding a sizable 2.5 percent in December, the first gain since May last year.
The Dallas Fed manufacturing survey's general activity index is expected to post a 10th straight negative reading, sliding to minus 9.0 in February after rising 12 points to minus 8.4 in January.
Japan's industrial production is forecast to post its first drop in three months in January, down 3.0 percent on the month, after December's upwardly revised slight gain, in tandem with slowing global growth caused by cumulative effects of credit tightening by major central banks aimed at bringing elevated inflation back to target.
The slump in output reflects weaker exports in January on slowing global demand and suspended shipments during the Lunar New Year holidays in some parts of Asia. The Bank of Japan's real export index fell a seasonally adjusted 2.9 percent on the month in January for the second straight decline after slipping 4.5 percent in December.
Japanese retail sales are expected to have posted their 11th straight year-over-year increase in January, with the pace of increase seen accelerating slightly to 4.1 percent from December's 3.8 percent, as the economy continued to open amid easing fears about the impact of the recent spike in new Covid cases. The latest industry data showed department store sales marked the 11th straight year-over-year rise in January, up 15.1 percent, after a 4.0 percent gain in December. New Year's sales drew more people in the absence of strict public health rules while low temperatures supported demand for winter clothing. The relatively weak yen and relaxed Covid border rules continued to boost spending by foreign visitors.
In Australia, retail sales are expected to rise a seasonally adjusted 1.6 percent on the month in January after falling a steep 3.9 percent in December and rising 1.7 percent in November. The slump in December was the first drop in 12 months and the steepest since the 4.0 percent plunge recorded in August 2020 during the initial phase of the global pandemic.
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.
