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The week ahead 25.02.2019

23/02/2019

Data releases his week don’t really get going until Wednesday, although that isn’t to say there aren’t any before than. We kick off Monday with the Japanese Leading Economic Index at 05:00 GMT for which no change is expected. Bank of England Governor Mark Carney has a press conference at 10:00 where Brexit will undoubtedly be a topic. Tuesday brings us US Housing Starts at 13:30 and Consumer Confidence at 15:00. Wednesday is clear until Canadian CPI at 13:30 with and Factory Order data at 15:00. This is also when testimony from Fed Chairman Jerome Powell is due to start so there is also the possibility of a knee-jerk reaction to any hint of change in interest rate policy. On Thursday China publishes the Manufacturing & Service PMI data at 01:00, but the real meat of the week comes with US GDP and Personal Consumption Expenditure (PCE) at 13:30, expected +2.5% &  +1.5% respectively.  Chicago PMI numbers at 14:45 are not expected to have much in the way of impact, although a slight rise is likely. The working day finishes with Tokyo CPI at 23:30 GMT. Friday starts 2 hours later with more data from Japan, this time in the form of CPI and Employment data  (no significant change expected from last month’s 0.7% & 2.4%). Unemployment data out of the Eurozone follows at 10:00, with minor US Manufacturing PMI data out at 15:00.

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