Economic data coming up in the European session

Author: Justin Low | Category: News

A preview of what's to come in European trading later

Howdy, everyone! Happy Valentine's day to all out there celebrating btw. Anyway, it's been a lively start to the trading day so far. The dollar is weak all around, which has pushed USD/JPY to lows not seen since November 2016.


Alright, on to the calendar for today:

0700 GMT - Germany Q4 preliminary GDP report
0700 GMT - Germany January final CPI report
Q4 preliminary GDP report released by the Federal Statistics Office can be found here, and January's preliminary CPI report can be found here. Well, we all know by now German growth has been robust so as long as figures are within expectations it won't change the market's perception. Expectation is for a WDA reading of +3.0% y/y. Meanwhile, inflation figures are final readings - not expected to have much of an impact unless it disappoints or beats preliminary figures handily.

0900 GMT - Italy Q4 GDP report
Q3 GDP report can be found here. A minor data point, but provides general growth sentiment on Eurozone economies.

1000 GMT - Eurozone Q4 final GDP report
1000 GMT - Eurozone December industrial production data
Q4 preliminary report can be found here, while prior figures for industrial production can be found here. Focus will be on the GDP report, where preliminary figures show a growth of +2.7% y/y. Not much of a market mover unless there is a heavy skew in the release compared to estimates.

1200 GMT - US MBA mortgage applications w.e. 9 February
Weekly US housing data, measures the change in number of applications for mortgages backed by the MBA during the week. Not the biggest of data points, but a general indicator of the housing sector sentiment.

In terms of data points, that's about it but we do have some speakers on the day:

  • 0800 GMT - ECB's Weidmann delivers opening remarks at the Bundesbank's Cash Symposium
  • 0850 GMT - SNB's Zurbruegg speaks at the same event (topic: "Cash - a means of payment yesterday, today, and tomorrow")
  • 1020 GMT - ECB's Mersch speaks at the same event (topic: "Trends in cash transaction in the Eurosystem")
  • 1100 GMT - EU's Juncker gives a news conference
  • 1120 GMT - ECB's Mersch and SNB's Zurbruegg participate in a panel discussion (topic: "Freedom of choice of the citizen when paying?")
Don't think there's anything much in those speeches given the event to be honest, but you'll never know.

Anyway, that's about it. I wish you all the best of days and good luck with your trading!

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