Highlights
The French INSEE business climate index is seen inching higher to 100 in January from December's 99.
The flash February data for the French purchasing managers' index (PMI) are expected to show a slower pace of contraction in overall business activity with the headline composite output index edging up from January's final 44.6 to 45.5.
In German PMI data, manufacturing has been in long contraction, although January's 45.5 was noticeably better than December's 43.3. Further improvement to 46.5 is expected for February. The services index, at 47.7 in January, are seen rising to 48.2. Consensus for February's composite index is 47.6, also up from January's 47.0.
In the Eurozone, the PMI composite is expected to rise to 48.5 in February from 47.9 in January. Manufacturing is forecast at 47.1, up from January's better-than-expected 46.6 and services at 48.7, also up from January's lower-than-expected 48.4.
Italian consumer prices are seen unrevised in the final data for January, leaving a 0.3 percent monthly increase and a 0.8 percent annual inflation rate, the latter up from December's final 0.6 percent.
In the UK, business activity is expected to expand again in February but at a slightly slower pace than at the start of the year. The key PMI composite output index is put at 52.7 after January's final 52.9.
No changes are expected to the flash data for the Eurozone harmonised index of consumer prices (HICP), leaving the headline inflation rate at 2.8 percent and the narrow core at 3.3 percent in January.
US new jobless claims for the February 11 week are expected to come in at 216,000, up from 212,000 in the prior week.
The US PMI data is expected to slower activity, with the manufacturing index forecast at 50.1 in February, sliding from 50.7 in January, and services at 52.0, also down from 52.5.
Existing home sales in January are expected to rise to a 3.98 million rate from December's 3.78 million. High mortgage rates, which have since moderated, constrained sales in prior months.
Canadian retail sales in December are expected to post a 0.8 percent rebound on the month, partly due to higher gasoline prices, following a weaker-than-expected 0.2 percent decline in November.
Federal Reserve Vice Chair Philip Jefferson will speak on the U.S. economic outlook and monetary policy before a Peterson Institute for International Economics webcast at 10 a.m. EST (1500 GMT).
Philadelphia Federal Reserve Bank President Patrick Harker will speak on the economic outlook before an event hosted by the University of Delaware Center for Economic Education at 3:15 p.m. EST (2015 GMT).
Minneapolis Federal Reserve Bank President Neel Kashkari will participate in a panel discussion on economic trends and outlook for 2024 and the growth of Minnesota's economy hosted by Northside Economic Opportunity Network (NEON) Community Conversations at 5 p.m. EST (2200 GMT).
Federal Reserve Board Governor Lisa Cook will speak on"Sources of Uncertainty in the Short Run and the Long Run" before the Annual Conference of the Julis-Rabinowitz Center for Public Policy & Finance (JRCPPF) --"Empirical Macrofinance in the Long Run: New Insights on the Global Economy" at 5 p.m. EST (2200 GMT).
Federal Reserve Board Governor Christopher Waller will speak on the economic outlook before the Notre Dame Club of Minnesota and University of St. Thomas Finding Forward Speaker Series at 7:35 p.m. EST (0035 GMT Friday).
New Zealand's retail trade is seen falling 0.2 percent on quarter in October-December after being flat previously.
The flash February data for the French purchasing managers' index (PMI) are expected to show a slower pace of contraction in overall business activity with the headline composite output index edging up from January's final 44.6 to 45.5.
In German PMI data, manufacturing has been in long contraction, although January's 45.5 was noticeably better than December's 43.3. Further improvement to 46.5 is expected for February. The services index, at 47.7 in January, are seen rising to 48.2. Consensus for February's composite index is 47.6, also up from January's 47.0.
In the Eurozone, the PMI composite is expected to rise to 48.5 in February from 47.9 in January. Manufacturing is forecast at 47.1, up from January's better-than-expected 46.6 and services at 48.7, also up from January's lower-than-expected 48.4.
Italian consumer prices are seen unrevised in the final data for January, leaving a 0.3 percent monthly increase and a 0.8 percent annual inflation rate, the latter up from December's final 0.6 percent.
In the UK, business activity is expected to expand again in February but at a slightly slower pace than at the start of the year. The key PMI composite output index is put at 52.7 after January's final 52.9.
No changes are expected to the flash data for the Eurozone harmonised index of consumer prices (HICP), leaving the headline inflation rate at 2.8 percent and the narrow core at 3.3 percent in January.
US new jobless claims for the February 11 week are expected to come in at 216,000, up from 212,000 in the prior week.
The US PMI data is expected to slower activity, with the manufacturing index forecast at 50.1 in February, sliding from 50.7 in January, and services at 52.0, also down from 52.5.
Existing home sales in January are expected to rise to a 3.98 million rate from December's 3.78 million. High mortgage rates, which have since moderated, constrained sales in prior months.
Canadian retail sales in December are expected to post a 0.8 percent rebound on the month, partly due to higher gasoline prices, following a weaker-than-expected 0.2 percent decline in November.
Federal Reserve Vice Chair Philip Jefferson will speak on the U.S. economic outlook and monetary policy before a Peterson Institute for International Economics webcast at 10 a.m. EST (1500 GMT).
Philadelphia Federal Reserve Bank President Patrick Harker will speak on the economic outlook before an event hosted by the University of Delaware Center for Economic Education at 3:15 p.m. EST (2015 GMT).
Minneapolis Federal Reserve Bank President Neel Kashkari will participate in a panel discussion on economic trends and outlook for 2024 and the growth of Minnesota's economy hosted by Northside Economic Opportunity Network (NEON) Community Conversations at 5 p.m. EST (2200 GMT).
Federal Reserve Board Governor Lisa Cook will speak on"Sources of Uncertainty in the Short Run and the Long Run" before the Annual Conference of the Julis-Rabinowitz Center for Public Policy & Finance (JRCPPF) --"Empirical Macrofinance in the Long Run: New Insights on the Global Economy" at 5 p.m. EST (2200 GMT).
Federal Reserve Board Governor Christopher Waller will speak on the economic outlook before the Notre Dame Club of Minnesota and University of St. Thomas Finding Forward Speaker Series at 7:35 p.m. EST (0035 GMT Friday).
New Zealand's retail trade is seen falling 0.2 percent on quarter in October-December after being flat previously.
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.
