Highlights
In Switzerland, retail sales are expected to post a 0.2 percent drop on year in January after falling 0.8 percent in December.
The SVME purchasing mangers' index (PMI) is expected to gain more ground in February but, at 45.0 versus January's 43.1, remain deep in contraction territory.
In France, no revision is expected to the February manufacturing PMI, leaving the headline index at 46.8, up from January's final 43.1.
The PMI for the German manufacturing sector is also expected to show no revision to the February data, leaving the headline index at a lowly 42.3, down from January's final 45.5.
In the European Union, no revision is expected to the manufacturing PMI, leaving the headline index at 46.1, down from January's final 46.6.
The UK's February manufacturing PMI is expected to show no revision, leaving the headline index at 47.1, up from January's final 47.0.
Inflation is expected to ease further in the Eurozone. Its harmonised index of consumer prices (HICP) is forecast to post a 2.5 percent rise on the year in February after a 2.8 percent gain in January. The narrow core measure is seen up 3.0 percent versus 3.3 percent.
Italian consumer prices are seen rising 0.4 percent on the month in February after a 0.3 percent increase in January, lifting the yearly inflation rate from January's final 0.8 percent to 1.0 percent.
The Eurozone's unemployment rate is no change at 6.4 percent for January. Unemployment in the region has been running at record lows.
In the US, the final manufacturing PMI for February is expected to come in at 51.5, unchanged from the mid-month flash and 1.4 points higher than January.
US manufacturing activity is expected to be in contraction territory for a 16th straight month in February. The index compiled by the Institute for Supply Management (ISM), which shows general direction, is forecast at 49.5, up from 49.1 in January but still below the neutral line of 50.
Construction spending has shown only limited effects from high financing rates. After jumping a much higher-than-expected 0.9 percent in December, spending in January is expected to rise 0.2 percent.
The University of Michigan's consumer sentiment index for final February is expected to hold at the preliminary reading of 79.6, which was up slightly from January's 79.0. Year-ahead inflation expectations for final February are seen unchanged at 3.0 percent.
Among Fed officials, Richmond Federal Reserve Bank President Thomas Barkin to appear on CNBC's"Squawk Box" at 8:30 a.m. EST (1330 GMT).
At 10:15 a.m. EST (1515 GMT), Federal Reserve Board Governor Christopher Waller and Dallas Federal Reserve Bank President Lorie Logan will participate in a panel on"2024 report, Quantitative Tightening around the Globe: What Have We Learned?" before the 2024 U.S. Monetary Policy Forum hosted by the Chicago Booth School of Business.
Atlanta Federal Reserve Bank President Raphael Bostic will speak on the economic outlook and real estate trends before the University of Florida's Kelley A. Bergstrom Real Estate Center 2024 Trends and Strategies Conference at 12:15 p.m. EST (1715 GMT).
San Francisco Federal Reserve Bank President Mary Daly will participate in a panel on"AI and the Labor Market" before the 2024 U.S. Monetary Policy Forum hosted by the Chicago Booth School of Business at 1:30 p.m. EST (1830 GMT).
Federal Reserve Board Governor Adriana Kugler will speak on"Pursuing the Dual Mandate" before the 2024 Stanford Institute for Economic Policy Research (SIEPR) Economic Summit at 3:30 p.m. EST (2030 GMT).
The SVME purchasing mangers' index (PMI) is expected to gain more ground in February but, at 45.0 versus January's 43.1, remain deep in contraction territory.
In France, no revision is expected to the February manufacturing PMI, leaving the headline index at 46.8, up from January's final 43.1.
The PMI for the German manufacturing sector is also expected to show no revision to the February data, leaving the headline index at a lowly 42.3, down from January's final 45.5.
In the European Union, no revision is expected to the manufacturing PMI, leaving the headline index at 46.1, down from January's final 46.6.
The UK's February manufacturing PMI is expected to show no revision, leaving the headline index at 47.1, up from January's final 47.0.
Inflation is expected to ease further in the Eurozone. Its harmonised index of consumer prices (HICP) is forecast to post a 2.5 percent rise on the year in February after a 2.8 percent gain in January. The narrow core measure is seen up 3.0 percent versus 3.3 percent.
Italian consumer prices are seen rising 0.4 percent on the month in February after a 0.3 percent increase in January, lifting the yearly inflation rate from January's final 0.8 percent to 1.0 percent.
The Eurozone's unemployment rate is no change at 6.4 percent for January. Unemployment in the region has been running at record lows.
In the US, the final manufacturing PMI for February is expected to come in at 51.5, unchanged from the mid-month flash and 1.4 points higher than January.
US manufacturing activity is expected to be in contraction territory for a 16th straight month in February. The index compiled by the Institute for Supply Management (ISM), which shows general direction, is forecast at 49.5, up from 49.1 in January but still below the neutral line of 50.
Construction spending has shown only limited effects from high financing rates. After jumping a much higher-than-expected 0.9 percent in December, spending in January is expected to rise 0.2 percent.
The University of Michigan's consumer sentiment index for final February is expected to hold at the preliminary reading of 79.6, which was up slightly from January's 79.0. Year-ahead inflation expectations for final February are seen unchanged at 3.0 percent.
Among Fed officials, Richmond Federal Reserve Bank President Thomas Barkin to appear on CNBC's"Squawk Box" at 8:30 a.m. EST (1330 GMT).
At 10:15 a.m. EST (1515 GMT), Federal Reserve Board Governor Christopher Waller and Dallas Federal Reserve Bank President Lorie Logan will participate in a panel on"2024 report, Quantitative Tightening around the Globe: What Have We Learned?" before the 2024 U.S. Monetary Policy Forum hosted by the Chicago Booth School of Business.
Atlanta Federal Reserve Bank President Raphael Bostic will speak on the economic outlook and real estate trends before the University of Florida's Kelley A. Bergstrom Real Estate Center 2024 Trends and Strategies Conference at 12:15 p.m. EST (1715 GMT).
San Francisco Federal Reserve Bank President Mary Daly will participate in a panel on"AI and the Labor Market" before the 2024 U.S. Monetary Policy Forum hosted by the Chicago Booth School of Business at 1:30 p.m. EST (1830 GMT).
Federal Reserve Board Governor Adriana Kugler will speak on"Pursuing the Dual Mandate" before the 2024 Stanford Institute for Economic Policy Research (SIEPR) Economic Summit at 3:30 p.m. EST (2030 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.
