Highlights
In the UK, retailers had a miserable December, suffering a deep 3.2 percent monthly slump in volume sales. January's rebound is seen at 1.5 percent.
US housing starts in January are expected to hold mostly steady at a 1.470 million annual rate versus December's 1.460 million that beat the consensus but nevertheless was down from the prior month's jump to 1.525 million. Permits, at 1.495 million in December and were also better than expected, are expected to rise to 1.510 million.
Producer prices in January are expected to rise 0.1 percent on the month versus a 0.1 percent decline in December. The annual rate in January is seen at 0.7 percent versus December's 1.0 percent rise which, like the monthly rate, was lower than expected. January's PPI excluding food and energy is also seen up 0.1 percent on the month and up 1.7 percent on the year.
The University of Michigan consumer sentiment index in the first indication for February is expected to rise 1 point to 80.0. Sentiment in the months of January and December rose 9.3 and 8.4 points for the greatest 2-month surge since the end of the 1991 recession.
Among Fed officials, Richmond Federal Reserve Bank President Thomas Barkin will speak before the Chamber RVA Annual Meeting Breakfast at 8 a.m. EST (1300 GMT).
Federal Reserve Vice Chair for Supervision Michael Barr will speak on"Bank Supervision" before the Columbia Law School Banking Conference at 9:10 a.m. EST (1410 GMT).
San Francisco Federal Reserve Bank President Mary Daly will speak before the National Association for Business Economics 40th Annual Economic Policy Conference,"Navigating Geopolitical Turbulence and Domestic Uncertainty" at 12:10 p.m. EST (1710 GMT).
US housing starts in January are expected to hold mostly steady at a 1.470 million annual rate versus December's 1.460 million that beat the consensus but nevertheless was down from the prior month's jump to 1.525 million. Permits, at 1.495 million in December and were also better than expected, are expected to rise to 1.510 million.
Producer prices in January are expected to rise 0.1 percent on the month versus a 0.1 percent decline in December. The annual rate in January is seen at 0.7 percent versus December's 1.0 percent rise which, like the monthly rate, was lower than expected. January's PPI excluding food and energy is also seen up 0.1 percent on the month and up 1.7 percent on the year.
The University of Michigan consumer sentiment index in the first indication for February is expected to rise 1 point to 80.0. Sentiment in the months of January and December rose 9.3 and 8.4 points for the greatest 2-month surge since the end of the 1991 recession.
Among Fed officials, Richmond Federal Reserve Bank President Thomas Barkin will speak before the Chamber RVA Annual Meeting Breakfast at 8 a.m. EST (1300 GMT).
Federal Reserve Vice Chair for Supervision Michael Barr will speak on"Bank Supervision" before the Columbia Law School Banking Conference at 9:10 a.m. EST (1410 GMT).
San Francisco Federal Reserve Bank President Mary Daly will speak before the National Association for Business Economics 40th Annual Economic Policy Conference,"Navigating Geopolitical Turbulence and Domestic Uncertainty" at 12:10 p.m. EST (1710 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.
