February 4 – February 9, 2024 Economic report and policy meetings
February 4
Australia: Judo Bank Services Purchasing Managers Index (PMI) Final – January, Balance of Trade – December
China: Caixin Composite Purchasing Managers Index (PMI) – January, Caixin Services Purchasing Managers Index – January
Euro-Zone: Germany: Balance of Trade – December, Exports (MoM) - December
Indonesia: Full Year GDP Growth (2023), GDP Growth Rate (QoQ) – 4th Qtr., GDP Growth Rate (YoY) – 4th Qtr.
February 5
Australia: Reserve Bank of Australia (RBA) Interest Rate Decision, RBA Press Conference
Brazil: Brazilian Central Bank (BCB) Focus Market Readout
Canada: Bank of Canada (BoC) Market Participants Survey
Euro-Zone: HCOB Services Purchasing Managers Index (PMI) Final – January, Spain: HCOB Services PMI (PMI) – January, S&P Global Services PMI – January, Italy: HCOB Services PMI – January, France: HCOB Services PMI Final – January, Germany: HCOB Services PMI Final - January
Japan: Household Spending (YoY) - December
Philippines: Inflation Rate (YoY) - January
U.K.: S&P Global Services Purchasing Managers Index (PMI) Final – January, British Retail Consortium (BRC) Retail Sales Monitor (YoY) - January
U.S.: S&P Global Composite Purchasing Managers Index (PMI) Final – January, S&P Global Services PMI Final – January, Institute of Supply Management (ISM) Services Purchasing Managers Index (PMI) - January
After an earnings week dominated by mega cap tech companies, large cap healthcare and pharma companies get their turn on the stage. Several consumer-focused companies report results and give insights into the strength of U.S. shoppers.
February 6
Australia: Ai Group Industry Index – January
Brazil: Brazilian Central Bank (BCB) Copom Meeting Minutes
Canada: Building Permits (MoM) – December, Ivey Purchasing Managers Index (PMI) s.a. – January, Bank of Canada Governor Macklem Speech
Euro-Zone: Retail Sales (YoY) – December, Italy: Business Confidence – January, Consumer Confidence – January, Retail Sales (YoY) – December, France: Balance of Trade - December
Japan: Coincident Index Preliminary – December, Leading Economic Index Preliminary – December
New Zealand: Employment Change (QoQ) – 4th Qtr., Unemployment Rate – 4th Qtr.
Philippines: Unemployment Rate - December
Switzerland: Unemployment Rate – January
Thailand: Interest Rate Decision
U.K.: S&P Global Construction Purchasing Managers Index (PMI) - January
U.S.: RCM/TIPP Economic Optimism Index - February
February 7
Brazil: Retail Sales (MoM) – December
Canada: Balance of Trade – December
China: Inflation Rate (YoY) – January, Inflation Rate (MoM) – January, Producer Price Index (PPI) (YoY) – January
Euro-Zone: Italy: Retail Sales (MoM) – Decembe
India: Reserve Bank of India Interest Rate Decision
Japan: Foreign Bond Investment – February 3, Bank Lending (YoY) – January, Economy Watchers Survey Current – January, Economy Watchers Survey: Outlook - January
Mexico: Consumer Confidence – January
Poland: Interest Rate Decision – February
Russia: Unemployment Rate - December
U.S.: Consumer Credit Change – December, Balance of Trade – December, Exports – December, Imports – December, MBA 30-Year Mortgage Rate (February 2), MBA Survey Indexes - Mortgage Market Index, Mortgage Applications (February 2), Mortgage Market Change, Mortgage Refinance Index, Refinancing Change, MBA Mortgage Approvals (February 2), Department of Energy (DOE) U.S. Crude Oil Inventories (February 2), DOE Cushing OK Crude Inventory (February 2), DOE U.S. Gasoline Inventories (February 2), DOE U.S. Distillate Inventory (February 2), DOE U.S. Refinery Utilization (February 2), DOE Crude Oil Implied Demand (February 2), Gasoline Implied Demand (February 2), Distillate Implied Demand (February 2), API Crude Oil Stock Change (February 2), EIA Natural Gas Stocks Change – February 2
February 8
Brazil: Inflation Rate (MoM) – January, Inflation Rate (YoY) – January
Euro-Zone: Germany: Inflation Rate (YoY) Final – January, Inflation Rate (MoM) Final – January
Mexico: Inflation Rate (YoY) – January, Core Inflation Rate (MoM) - January
U.S.: Continuing Jobless Claims – January 27, Initial Jobless Claims – February 3, Wholesale Inventories (MoM) - December
February 9
Canada: Employment Change – January, Unemployment Rate – January, Average Hourly Wages (YoY) – January, Full Time Employment Change – January
Euro-Zone: Italy: Industrial Production (MoM) – December, Industrial Production (YoY) - December
Mexico: Industrial Production (YoY) – December
U.S.: Baker Hughes U.S. Rig Count – February 9
The Bureau of Labor Statistics releases its annual revisions to the consumer price index. Recalculated seasonal adjustments affect data for the period of January 2019 through December 2023. Federal Reserve governor Christopher Waller recently highlighted the importance of the revisions in giving a fuller picture on the progress made so far in the fight against inflation. Last February, CPI readings for several months from late 2022 were revised higher.
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.
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