Highlights
UK Chancellor Jeremy Hunt will outline the government's tax and spending plans as well as providing new growth and borrowing forecasts.
In Germany, January's merchandise trade balance is expected to narrow to a €21.0 billion surplus from a greater-than-expected surplus of €22.2 billion in December that, however, masked large declines for both exports and especially imports.
Eurozone retail sales volumes in January are expected to hold unchanged on the month and drop 1.4 percent from a year earlier following a marginally deeper-than-expected 1.1 percent fall in December that left volumes down 0.8 percent on the year.
In the US, ADP's February employment number is forecast at 150,000. This would compare with January growth in private payrolls reported by the Bureau of Labor Statistics of 317,000. ADP's number for January was a distant 107,000.
The Labor Department's JOLTS report is expected to show the job-openings came to 8.9 million in January, little changed from December's 9.026 million.
At 10 a.m. EST (1500 GMT), Federal Reserve Chairman Jerome Powell will deliver his semiannual monetary policy testimony before the House Financial Services Committee.
The Bank of Canada is expected to maintain its policy interest rate -- the target for overnight lending rates -- at 5.0 percent for a fifth straight meeting as it continues to monitor price pressures and economic growth to avoid over-tightening and lowering interest rates too early. Canada's consumer inflation eased to 2.9 percent in January after ticking up to 3.4 percent in December but it is still above the bank's 2 percent target. Fourth quarter GDP data showed the economy grew at a 1.0 percent annual rate after a 0.5 percent drop in the previous quarter, averting a technical recession.
After the rate announcement at 9:45 a.m. EST (1445 GMT), Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers are scheduled to hold a news conference to discuss Governing Council's policy decision at 10:30 a.m. EST (1530 GMT).
San Francisco Federal Reserve Bank President Mary Daly to speak before the 2024 National Interagency Community Reinvestment Conference at 12 p.m. EST (1700 GMT).
Minneapolis Federal Reserve Bank President Neel Kashkari will participate in a Q&A session at the Wall Street Journal CFO Network Summit at 4:15 p.m. EST (2115 GMT).
Australia's goods trade surplus is forecast at A$11.5 billion in January, up slightly from as-expected A$11.0 billion in December.
In Germany, January's merchandise trade balance is expected to narrow to a €21.0 billion surplus from a greater-than-expected surplus of €22.2 billion in December that, however, masked large declines for both exports and especially imports.
Eurozone retail sales volumes in January are expected to hold unchanged on the month and drop 1.4 percent from a year earlier following a marginally deeper-than-expected 1.1 percent fall in December that left volumes down 0.8 percent on the year.
In the US, ADP's February employment number is forecast at 150,000. This would compare with January growth in private payrolls reported by the Bureau of Labor Statistics of 317,000. ADP's number for January was a distant 107,000.
The Labor Department's JOLTS report is expected to show the job-openings came to 8.9 million in January, little changed from December's 9.026 million.
At 10 a.m. EST (1500 GMT), Federal Reserve Chairman Jerome Powell will deliver his semiannual monetary policy testimony before the House Financial Services Committee.
The Bank of Canada is expected to maintain its policy interest rate -- the target for overnight lending rates -- at 5.0 percent for a fifth straight meeting as it continues to monitor price pressures and economic growth to avoid over-tightening and lowering interest rates too early. Canada's consumer inflation eased to 2.9 percent in January after ticking up to 3.4 percent in December but it is still above the bank's 2 percent target. Fourth quarter GDP data showed the economy grew at a 1.0 percent annual rate after a 0.5 percent drop in the previous quarter, averting a technical recession.
After the rate announcement at 9:45 a.m. EST (1445 GMT), Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers are scheduled to hold a news conference to discuss Governing Council's policy decision at 10:30 a.m. EST (1530 GMT).
San Francisco Federal Reserve Bank President Mary Daly to speak before the 2024 National Interagency Community Reinvestment Conference at 12 p.m. EST (1700 GMT).
Minneapolis Federal Reserve Bank President Neel Kashkari will participate in a Q&A session at the Wall Street Journal CFO Network Summit at 4:15 p.m. EST (2115 GMT).
Australia's goods trade surplus is forecast at A$11.5 billion in January, up slightly from as-expected A$11.0 billion in December.
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.
