Key Events in the Week Ahead 13/19-2-2023

Investors Key Events in the week ECB CPI

An interesting week starts with investors focusing on the CPI report, retail sales and industrial production data.

Monday, February 13

03:00 PM US Fed Bowman Speech

06:00 PM US Consumer Inflation Expectations JAN               5%                   4.7%

EA Eurogroup Meeting

Monday’s earnings reports: AIN PEO BLDE CAR HIVE OWL KLDO CHKP MNDY PLTR 

Tuesday February 14 2023 – CPI Day

                                                            Actual  Previous          Consensus    

01:30 AM AU Westpac Consumer Confidence Change FEB   5%                   1.2%

01:30 AM AU Westpac Consumer Confidence Index FEB      84.3                 85.3

01:50 AM JP GDP Growth Rate QoQ Prel Q4             -0.2%   0.5%    0.4%

01:50 AM JP GDP Growth Annualized Prel Q4                       -0.8%   2%       1.6%

01:50 AM JP GDP External Demand QoQ Prel Q4                 -0.6%   0.4%    0.3%

01:50 AM JP GDP Capital Expenditure QoQ Prel Q4             1.5%    -0.2%   -0.3%

01:50 AM JP GDP Private Consumption QoQ Prel Q4     0.1%    0.5%    0.3%

01:50 AM JP GDP Price Index YoY Prel Q4                 -0.3%

02:30 AM AU NAB Business Confidence JAN              -1                     1

06:30 AM JP Industrial Production MoM Final DEC               0.2%    -0.1%   -0.1%

06:30 AM JP Industrial Production YoY Final DEC              -0.9%               -2.8%

06:30 AM JP Capacity Utilization MoM DEC                -1.4%               -0.2%

08:30 AM FR Unemployment Rate Q4                       7.3%    7.3%    7.4%

09:00 AM DE Wholesale Prices MoM JAN                 -1.6%               -1.4%

09:00 AM DE Wholesale Prices YoY JAN                    12.8%              8.8%

09:00 AM GB Claimant Count Change JAN                19.7K               25.0K

09:00 AM GB Unemployment Rate DEC                    3.7%    3.7%    3.80%

09:00 AM GB Employment Change NOV                   27K      40K      20.0K

09:00 AM GB Average Earnings incl. Bonus (3Mo/Yr) DEC   6.4%    6.2%    6.4%

09:00 AM GB Labour Productivity QoQ Prel Q4                    0.1%                -0.3%

09:00 AM GB Average Earnings excl. Bonus (3Mo/Yr) DEC      6.4%    6.5%    6.4%

09:00 AM GB HMRC Payrolls Change JAN                 28K                  53.0K

12:00 PM EA Employment Change YoY Prel Q4                    1.8%                1.9%

12:00 PM EA Employment Change QoQ Prel Q4                   0.3%                0.5%

12:00 PM EA GDP Growth Rate QoQ 2nd Est Q4                   0.3%    0.1%    0.1%

12:00 PM EA GDP Growth Rate YoY 2nd Est Q4                    2.3%    1.9%    1.9%

01:00 PM US NFIB Business Optimism Index JAN                  89.8                 90.5

03:30 PM US Inflation Rate YoY JAN              6.5%    6.2%    6.3%

03:30 PM US Core Inflation Rate YoY JAN                  5.7%    5.5%    5.4%

03:30 PM US Core Inflation Rate MoM JAN               0.4%    0.4%    0.3%

03:30 PM US Inflation Rate MoM JAN                       0.1%    0.4%    0.4%

03:30 PM US CPI JAN              296.797           298.606           298

03:55 PM US Redbook YoY FEB/11                 4.3%

06:00 PM US Fed Logan Speech

09:05 PM US Fed Williams Speech

11:30 PM US API Crude Oil Stock Change FEB/10                 -2.184M

Tuesday’s earnings reports: ANDE ADPT ABNB AKAM LAB BL CLF BTU KO ES GDDY UPST NU UDMY SAFE TRIP

Wednesday, February 15 2023

  Actual      Previous     Consensus  

02:15 AM AU RBA Gov Lowe Speech

06:30 AM JP Tertiary Industry Index MoM DEC                     -0.2%               0.2%

09:00 AM GB Inflation Rate YoY JAN              10.5%  10.2%  10.3%

09:00 AM GB Inflation Rate MoM JAN                       0.4%    -0.4%   -0.3%

09:00 AM GB Core Inflation Rate YoY JAN                 6.3%    6.2%    7.0%

09:00 AM GB PPI Core Output MoM JAN                   0.1%                -0.2%

09:00 AM GB PPI Core Output YoY JAN                      12.4%              10.6%

09:00 AM GB Core Inflation Rate MoM JAN              0.5%    -0.5%   -0.4%

09:00 AM GB PPI Input MoM JAN                  -1.1%               -0.6%

09:00 AM GB PPI Input YoY JAN                     16.5%              13.8%

09:00 AM GB PPI Output MoM JAN               -0.8%               -0.6%

09:00 AM GB Retail Price Index MoM JAN                0.6%    -0.2%   -0.4%

09:00 AM GB Retail Price Index YoY JAN                   13.4%  13.3%  13.0%

09:00 AM GB PPI Output YoY JAN                  14.7%              12.4%

10:00 AM ES CPI JAN              109.9               109.6

10:00 AM ES Core Inflation Rate YoY JAN                  7%                   7.5%

10:00 AM ES Harmonised Inflation Rate MoM Final JAN      -0.1%   -0.5%   -0.5%

10:00 AM ES Harmonised Inflation Rate YoY Final JAN         5.5%    5.8%    5.8%

10:00 AM ES Inflation Rate YoY Final JAN                  5.7%    5.8%    5.8%

10:00 AM ES Inflation Rate MoM Final JAN               0.2%    -0.3%   -0.3%

12:00 PM EA Industrial Production MoM DEC                       1%       -0.8%   -0.5%

12:00 PM EA Balance of Trade DEC                 €-11.7B                        € -30.8B

12:00 PM EA Industrial Production YoY DEC              2%       -0.6%   -0.3%

12:30 PM DE 30-Year Bund Auction               2.05%

02:00 PM US MBA 30-Year Mortgage Rate FEB/10              6.18%

02:00 PM US MBA Mortgage Applications FEB/10                7.4%

02:00 PM US MBA Mortgage Refinance Index FEB/10                      549.3

02:00 PM US MBA Mortgage Market Index FEB/10              249.5

02:00 PM US MBA Purchase Index FEB/10                190

03:15 PM CA Housing Starts JAN                    248.6K 235K    238K

03:30 PM CA New Motor Vehicle Sales DEC              123.87K                       90.9K

03:30 PM CA Manufacturing Sales MoM Final DEC                       0%       -1.8%   -1.8%

03:30 PM CA Wholesale Sales MoM Final DEC                       0.5%    -1.7%   -1.8%

03:30 PM US Retail Sales MoM JAN                 -1.1%   1.6%    1.2%

03:30 PM US Retail Sales Ex Autos MoM JAN                        -1.1%   0.7%    0.6%

03:30 PM US NY Empire State Manufacturing Index FEB                  -32.9    -17.75  -19

03:30 PM US Retail Sales Ex Gas/Autos MoM JAN               -0.7%               0.4%

03:30 PM US Retail Sales YoY JAN                  6%                   4.5%

04:00 PM EA ECB President Lagarde Speech

04:15 PM US Industrial Production YoY JAN               1.6%                1.1%

04:15 PM US Industrial Production MoM JAN                        -0.7%   0.5%    0.2%

04:15 PM US Manufacturing Production MoM JAN               -1.3%   0.8%    -0.3%

04:15 PM US Capacity Utilization JAN                  78.8%  79.1%  78.9%

04:15 PM US Manufacturing Production YoY JAN                  -0.5%               -0.9%

05:00 PM US Business Inventories MoM DEC                   0.4%    0.3%    0.3%

05:00 PM US NAHB Housing Market Index FEB                     35        37        38

05:00 PM US Retail Inventories Ex Autos MoM DEC             -0.3%               0.3%

05:30 PM US EIA Crude Oil Stocks Change FEB/10                2.423M

05:30 PM US EIA Gasoline Stocks Change FEB/10                 5.008M

05:30 PM US EIA Cushing Crude Oil Stocks Change FEB/10              1.043M

05:30 PM US EIA Distillate Fuel Production Change FEB/10              -0.028M

05:30 PM US EIA Distillate Stocks Change FEB/10                 2.932M

05:30 PM US EIA Heating Oil Stocks Change FEB/10             -0.115M

05:30 PM US EIA Gasoline Production Change FEB/10                      -0.35M

05:30 PM US EIA Crude Oil Imports Change FEB/10             0.367M

05:30 PM US EIA Refinery Crude Runs Change FEB/10                     0.449M

Wednesday stocks earnings reports: WAB ATOM AIG AMPL ADI GOLD BIIB SAM KHC WIRE MRO CSCO SHOP TWLO ZG SAND FSLY TTD RBLX

Thursday February 16 2023 

Actual  Previous          Consensus  

01:50 AM JP Balance of Trade JAN                ¥-1448.5B        ¥-3871.5B        ¥-2200.0B

01:50 AM JP Machinery Orders MoM DEC                   -8.3%   3%       2.1%

01:50 AM JP Machinery Orders YoY DEC                   -3.7%   -6%      -0.8%

01:50 AM JP Exports YoY JAN             11.5%  0.8%    1.3%

01:50 AM JP Imports YoY JAN             20.6%  18.4%  18%

01:50 AM JP Foreign Bond Investment FEB/11                      ¥1127.5B

01:50 AM JP Stock Investment by Foreigners FEB/11                        ¥-18.6B

02:00 AM AU Consumer Inflation Expectations FEB              5.6%                5.7%

02:30 AM AU Employment Change JAN                     -14.6K  20K      15K

02:30 AM AU Full Time Employment Chg JAN                       17.6K

02:30 AM AU Part Time Employment Chg JAN                      -32.2K

02:30 AM AU Unemployment Rate JAN                     3.5%    3.5%    3.5%

02:30 AM AU Participation Rate JAN             66.6%  66.6%  66.6%

11:00 AM ES Balance of Trade DEC               €-3.31B                        € -7.8B

11:15 AM EA ECB Panetta Speech

03:30 PM US PPI MoM JAN                -0.5%   0.4%    0.2%

03:30 PM US Building Permits Prel JAN         1.337M            1.353M            1.374M

03:30 PM US Housing Starts MoM JAN                      -1.4%               -1.2%

03:30 PM US Building Permits MoM Prel JAN                       -1.0%               2.8%

03:30 PM US Housing Starts JAN                    1.382M            1.365M            1.37M

03:30 PM US Philadelphia Fed Manufacturing Index FEB                   -8.9      -7.2      -7

03:30 PM US Core PPI MoM JAN               0.1%    0.3%            0.2%

03:30 PM US Initial Jobless Claims FEB/11                196K    200K    198.0K

03:30 PM US Jobless Claims 4-week Average FEB/11  189.25K                    190.75K

03:30 PM US Continuing Jobless Claims FEB/04                    1688K  1695K  1695.0K

03:30 PM US Core PPI YoY JAN                        5.5%    4.9%    5.1%

03:30 PM US PPI YoY JAN                   6.2%    5.4%    5.6%

03:30 PM US Philly Fed Business Conditions FEB                   4.9                   5.2

03:30 PM US Philly Fed Employment FEB                  10.9                 11

03:30 PM US Philly Fed Prices Paid FEB                     24.5                 23

03:30 PM US Philly Fed CAPEX Index FEB                   10.5                 10.7

03:30 PM US Philly Fed New Orders FEB                   -10.9                -9

03:45 PM US Fed Mester Speech 05:00 PM EA ECB Lane Speech

05:30 PM US EIA Natural Gas Stocks Change FEB/10                        -217Bcf

07:00 PM GB BoE Pill Speech

08:00 PM US 30-Year TIPS Auction                 0.920%

08:30 PM US Fed Bullard Speech

09:45 PM EA ECB Guindos Speech

11:00 PM US Fed Cook Speech

Thursday’s earnings reports: AR AWK AMAT BIO RDFN DOCN DASH DDOG ZBRA ROL SAGE TYL HAS RCM

Friday, February 17 2023     

Actual  Previous          Consensus      

12:30 AM AU RBA Gov Lowe Speech

01:00 AM US Fed Mester Speech

01:10 AM CA BoC Beaudry Speech

09:00 AM EU New Car Registrations YoY JAN                        12.8%

09:00 AM DE PPI MoM JAN                -0.4%               0.9%

09:00 AM DE PPI YoY JAN                   21.6%              20.3%

09:00 AM GB Retail Sales MoM JAN              -1%      -0.5%   -0.8%

09:00 AM GB Retail Sales YoY JAN                 -5.8%   -5.5%   -6.6%

09:00 AM GB Retail Sales ex Fuel MoM JAN             -1.1%   0%       -0.2%

09:00 AM GB Retail Sales ex Fuel YoY JAN                -6.1%   -5.3%   -5.9%

09:45 AM FR Inflation Rate YoY Final JAN                  5.9%    6%       6.0%

09:45 AM FR Inflation Rate MoM Final JAN               -0.1%   0.4%    0.4%

09:45 AM FR Harmonised Inflation Rate MoM Final JAN      -0.1%   0.4%    0.4%

09:45 AM FR Harmonised Inflation Rate YoY Final JAN         6.7%    7%       7.0%

11:00 AM EA Current Account s.a DEC                      €13.55B

11:00 AM EA Current Account DEC                €13.41B                       € -9B

12:00 PM IT Current Account DEC                 €446M             €250

03:30 PM CA Raw Materials Prices YoY JAN              7.5%                6.2%

03:30 PM CA Foreign Securities Purchases DEC        C$12.76B                     C$ 13.1B

03:30 PM CA Foreign Securities Purchases by Canadians DEC                      C$14.13B

03:30 PM CA PPI MoM JAN                        -1.1%               -0.1%

03:30 PM CA PPI YoY JAN                   7.6%                4.8%

03:30 PM CA Raw Materials Prices MoM JAN                       -3.1%               0.4%

03:30 PM US Export Prices MoM JAN                        -2.6%   -0.2%   -1.2%

03:30 PM US Import Prices MoM JAN                        0.4%    -0.1%   0.3%

03:30 PM US Fed Barkin Speech

03:30 PM US Import Prices YoY JAN               3.5%                1.8%

03:30 PM US Export Prices YoY JAN               5%                   3%

05:00 PM US CB Leading Index MoM JAN                 -0.8%   -0.3%   -0.4%

08:00 PM US Baker Hughes Total Rig Count FEB/17             761

08:00 PM US Baker Hughes Oil Rig Count FEB/17                 609

Friday’s earnings reports: ATR B DE PPL CPS OEC ASIX

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