Weekly Economic Calendar

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) – 4^th Qtr., GDP Growth Rate (YoY) – 4^th 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) – 4^th Qtr., Unemployment Rate – 4^th 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.