Weekly Economic Calendar

February 26 – March 1, 2024 Economic report and policy meetings

February 25

Singapore:  Industrial Production (YoY and MoM) - January

February 26

Brazil:  Brazilian Central Bank (BCB) Focus Market Readout

Euro-Zone:  European Central Bank (ECB) President Lagarde Speech; Germany: GfK Consumer Confidence – March, France: Consumer Confidence – February

Israel:  Interest Rate Decision    

Japan:  Inflation Rate (YoY) – January, Core Inflation Rate (YoY) – January, Inflation Rate Ex-Food and Energy (YoY) – January       

U.S.:  New Home Sales (MoM) – January

February 27

Australia:  Monthly CPI Indicator - January   

Euro-Zone:  France: Unemployment Benefit Claims – January  

Japan:  Coincident Index Final – December, Leading Economic Index Final – December

Mexico:  Balance of Trade - January

New Zealand:  Reserve Bank of New Zealand (RNBZ) Interest Rate Decision, RNBZ Press Conference   

U.S.:  Durable Goods Orders (MoM) – January, Durable Goods Orders Excluding Transportation (MoM) – January, House Price Index (MoM) – December, Conference Board Consumer Confidence – February, Federal Reserve’s Barr Speech

S&P CoreLogic releases its Case-Shiller Home Price Indices for December. Home prices are estimated to have jumped 6.3% year over year in 20 major metropolitan areas, according to FactSet, an acceleration from November’s 5.4% growth.

February 28

Australia:  Housing Credit (MoM) – January, Retail Sales (MoM) Preliminary - January

Canada:  Average Weekly Earnings (YoY) – December  

Euro-Zone:  Consumer Confidence Final – February, Economic Sentiment – February, Industrial Sentiment – February, Italy: Business Confidence – February, Consumer Confidence – February, Spain: Business Confidence – February, Germany: Retail Sales (YoY) – January, France: Inflation Rate (YoY) Preliminary – February, Inflation Rate (MoM) Preliminary – February   

Japan:  Foreign Bond Investment – February 24^th, Industrial Production (YoY) Preliminary – January, Retail Sales (YoY) – January, Bank of Japan (BoJ) Hajime Speech, Housing Starts (YoY) - January

New Zealand:  ANZ Business Confidence – February

Russia:  Unemployment Rate – January

U.K.:  Nationwide Housing Prices (YoY) – February, Bank of England (BoE) L Mann Speech

U.S.:  GDP Growth Rate (QoQ) 2^nd Estimate – 4^th Qtr., GDP Price Index (QoQ) 2^nd Estimate – 4^th Qtr., Goods Trade Balance Advance – January, Retail Inventories Excluding Autos (MoM) Advance – January, MBA Survey Indexes - Mortgage Market Index, Mortgage Applications (February 23), Mortgage Market Change, Mortgage Refinance Index, Refinancing Change, MBA Mortgage Approvals (February 23), Federal Reserve’s Bostic Speech, Federal Reserve’s Collins Speech, Federal Reserve’s Williams Speech

February 29

Australia:  Judo Bank Manufacturing Purchasing Managers Index (PMI) Final – February

Brazil:  Unemployment Rate - January

Canada:  GDP Growth Rate Annualized – 4^th Qtr., GDP Growth Rate (QoQ) – 4^th Qtr., GDP (MoM) – December, GDP (MoM) Preliminary - January    

China:  NBS Manufacturing Purchasing Managers Index (PMI) – February, NBS Non-Manufacturing PMI – February

Euro-Zone:  Spain: Inflation Rate (MoM) Preliminary – February, Inflation Rate (YoY) Preliminary – February, Germany: Unemployment Change – February, Unemployment Rate – February, Unemployed Persons – February, Germany: Inflation Rate (YoY) Preliminary – February, Inflation Rate (MoM) Preliminary - February

India:  GDP Growth Rate (YoY) – 4^th Qtr., Fiscal Year GDP Growth 2^nd Estimate (2023-24), Fiscal Year GDP Growth Final (2022-23) 

Indonesia:  Inflation Rate (YoY) – February

Japan:  Unemployment Rate – January, Consumer Confidence - February

Mexico:  Unemployment Rate – January

Netherlands:  Inflation Rate (YoY) Preliminary - February

New Zealand:  Building Permits (MoM) – January

Russia:  S&P Global Manufacturing Purchasing Managers Index (PMI) - February

South Africa:  Balance of Trade – January

South Korea:  Exports (YoY) - February

Switzerland:  GDP Growth Rate (YoY) 4^th Qtr., GDP Growth Rate (QoQ) – 4^th Qtr., KOF Leading Indicators – February, Retail Sales (YoY) - January

U.K.:  Mortgage Approvals – February, Mortgage Lending – January

U.S.:  Core Personal Consumption Expenditures (PCE) Price Index (YoY) – January, PCE Price Index (YoY) – January, Core PCE Price Index (MoM) – January, PCE Price Index (MoM) – January, Personal Income (MoM) – January, Personal Spending (MoM) – January, Pending Home Sales (YoY)- January, Continuing Jobless Claims – February 17, Initial Jobless Claims – February 24, Department of Energy (DOE) U.S. Crude Oil Inventories (February 23), DOE Cushing OK Crude Inventory (February 23), DOE U.S. Gasoline Inventories (February 23), DOE U.S. Distillate Inventory (February 23), DOE U.S. Refinery Utilization (February 23), DOE Crude Oil Implied Demand (February 23), Gasoline Implied Demand (February 23), Distillate Implied Demand (February 23), API Crude Oil Stock Change (February 23), EIA Natural Gas Stocks Change – February 23, Federal Reserve’s Bostic Speech, Federal Reserve’s Goolsbee Speech, Federal Reserve’s Mester Speech, Federal Reserve’s Williams Speech

The Bureau of Economic Analysis releases the personal-consumption expenditures index for January. Consensus estimate as measured by FactSet has the PCE rising 2.4% year over year, compared with a 2.6% rise in December. The core measure, which strips out energy and food prices, is expected to gain 2.8% year over year, compared with a 2.9% rise in December. Federal Reserve officials have said they want to see the core measure on a sustainable path to 2% growth before they start cutting interest rates.

March 1

Brazil:  GDP Growth Rte (QoQ) – 4^th Qtr., GDP Growth Rate (YoY) – 4^th Qtr.

Canada:  S&P Global Manufacturing Purchasing Managers Index (PMI) – February

Euro-Zone:  Core Inflation Rate (YoY) Flash – February, Inflation Rate (MoM) Flash – February, Inflation Rate (YoY) Flash – February, Unemployment Rate – January, HCOB Manufacturing Purchasing Managers Index (PMI) Final – February, Italy: Unemployment Rate – January, Full Year GDP Growth (2024), Inflation Rate (YoY) Preliminary – February, Inflation Rate (MoM) Preliminary – February, Spain: HCOB Manufacturing Purchasing Managers Index (PMI) – February, France: HCOB Manufacturing Purchasing Managers Index – February, Germany: HCOB Manufacturing Purchasing Managers Index (PMI) Final – February, Italy: Government Budget (2023)

Mexico:  Business Confidence – February

Switzerland:  procure.ch Manufacturing Purchasing Managers Index (PMI) - February

U.K.:  S&P Global Manufacturing Purchasing Managers Index (PMI) Final - February

U.S.:  Institute of Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) – February, University of Michigan Consumer Sentiment Final – February, Construction Spending (MoM) – January, S&P Global Manufacturing Purchasing Managers Index (PMI) Final – February, Baker Hughes U.S. Rig Count – March 1, Federal Reserve’s Waller Speech, Federal Reserve’s Bostic Speech, Federal Reserve’s Kugler Speech

Bold denotes likely market-moving newsflash which traders consider significant to foreign exchange levels or otherwise important/noteworthy information, i.e., market holiday’s which will affect standard settlement dates.