Highlights
In France, consumer spending on manufactured goods is expected to rise 0.4 percent on the month in January after a 1.6 percent slump in December.
Inflation remains elevated in France. The annual rate of consumer prices for February is expected to move up from 6.0 percent in January to 6.2 percent.
No revisions are expected to the provisional French GDP data for the October-December quarter, when the economy grew 0.1 percent on quarter, slowing from 0.2 percent in the previous quarter.
In Switzerland, fourth-quarter GDP is expected to rise a quarterly 0.2 percent versus 0.2 and 0.1 percent growth in the two prior quarters.
The KOF Swiss leading indicator is forecast to rise 8 tenths in February to 98.0. This index jumped 5 points in January to a 7-month high but still remained below its 100 long-run average.
The US goods deficit (Census basis) is expected to widen by $1.3 billion to $91.0 billion in January after widening by $7.6 billion in December to $89.7 billion, which was driven by a sharp rise in imports of consumer goods.
Wholesale inventories are expected to hold unchanged in the advance report for January that would follow a marginal 0.1 percent build in December.
The Case-Shiller home price index for the adjusted 20-city monthly rate is forecast to have fallen 0.5 percent on the month in December to match November's 0.5 percent decline. The unadjusted annual rate is seen slowing to 5.3 percent from 6.8 percent.
The Federal Housing Finance Agency's house price index had flattened out, coming in unchanged or marginally changed the last three reports. But December's consensus is a tangible monthly fall of 0.3 percent.
The Chicago PMI is expected to rise modestly in February to 45.0 from 44.3 in January.
The Conference Board's consumer confidence index is expected to rebound more than a point to 108.5 in February after falling nearly 2 points in January to 107.1.
Richmond Fed's manufacturing index, which slipped back into contraction in January at minus 11, is expected to stay in contraction in February at a consensus minus 5.
The Canadian GDP is forecast to rise 1.5 percent at an annualized pace in the October-December quarter, led by solid consumer spending, with the pace of growth slowing from 2.9 percent in the third quarter. GDP for December is expected to remain unchanged on the month following a run of marginal gains.
Chicago Federal Reserve Bank President Austan Goolsbee will speak at Ivy Tech Community College on its Elkhart campus at 2:30 p.m. EST (1930 GMT).
In Australia, consumer prices in January are expected to ease to 8.0 year-over-year percent from 8.4 percent in December.
Fourth-quarter GDP is expected to show a 0.7 percent rise on the quarter after a 0.6 percent gain in the third quarter while the year-over-year increase is seen decelerating to 2.8 percent from 5.9 percent.
In China, the CFLP manufacturing PMI is expected to rise further to 50.9 in February after rising more than 3 points in January to 50.1. The non-manufacturing PMI, which surged nearly 13 points in January to 54.4, is expected to stabilize at 54.5. Covid effects have been making for wide swings in this report.
Caixin's manufacturing PMI has been in contraction for six months in a row but, at a consensus 49.9, only the most marginal contraction is expected for February.
Inflation remains elevated in France. The annual rate of consumer prices for February is expected to move up from 6.0 percent in January to 6.2 percent.
No revisions are expected to the provisional French GDP data for the October-December quarter, when the economy grew 0.1 percent on quarter, slowing from 0.2 percent in the previous quarter.
In Switzerland, fourth-quarter GDP is expected to rise a quarterly 0.2 percent versus 0.2 and 0.1 percent growth in the two prior quarters.
The KOF Swiss leading indicator is forecast to rise 8 tenths in February to 98.0. This index jumped 5 points in January to a 7-month high but still remained below its 100 long-run average.
The US goods deficit (Census basis) is expected to widen by $1.3 billion to $91.0 billion in January after widening by $7.6 billion in December to $89.7 billion, which was driven by a sharp rise in imports of consumer goods.
Wholesale inventories are expected to hold unchanged in the advance report for January that would follow a marginal 0.1 percent build in December.
The Case-Shiller home price index for the adjusted 20-city monthly rate is forecast to have fallen 0.5 percent on the month in December to match November's 0.5 percent decline. The unadjusted annual rate is seen slowing to 5.3 percent from 6.8 percent.
The Federal Housing Finance Agency's house price index had flattened out, coming in unchanged or marginally changed the last three reports. But December's consensus is a tangible monthly fall of 0.3 percent.
The Chicago PMI is expected to rise modestly in February to 45.0 from 44.3 in January.
The Conference Board's consumer confidence index is expected to rebound more than a point to 108.5 in February after falling nearly 2 points in January to 107.1.
Richmond Fed's manufacturing index, which slipped back into contraction in January at minus 11, is expected to stay in contraction in February at a consensus minus 5.
The Canadian GDP is forecast to rise 1.5 percent at an annualized pace in the October-December quarter, led by solid consumer spending, with the pace of growth slowing from 2.9 percent in the third quarter. GDP for December is expected to remain unchanged on the month following a run of marginal gains.
Chicago Federal Reserve Bank President Austan Goolsbee will speak at Ivy Tech Community College on its Elkhart campus at 2:30 p.m. EST (1930 GMT).
In Australia, consumer prices in January are expected to ease to 8.0 year-over-year percent from 8.4 percent in December.
Fourth-quarter GDP is expected to show a 0.7 percent rise on the quarter after a 0.6 percent gain in the third quarter while the year-over-year increase is seen decelerating to 2.8 percent from 5.9 percent.
In China, the CFLP manufacturing PMI is expected to rise further to 50.9 in February after rising more than 3 points in January to 50.1. The non-manufacturing PMI, which surged nearly 13 points in January to 54.4, is expected to stabilize at 54.5. Covid effects have been making for wide swings in this report.
Caixin's manufacturing PMI has been in contraction for six months in a row but, at a consensus 49.9, only the most marginal contraction is expected for February.
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.
