Its certainly not a quiet end to the week, with plenty of data, albeit largely second tier, on the schedule to concentrate on. The European calendar gets underway at 07:00 GMT, with the publication of the German January construction orders. At 07:45 GMT, the French February Consumer Sentiment survey will cross the wires. At the same time, Bundesbank Board member Andreas Dombret speaks at the zeb London Opening, in London. At 08:00 GMT, ECB Gov. Council member Luis Linde speech at the conference, Mediterranean Economies in a Changing World, in Barcelona, Spain. At 09:00 GMT, the Italian December industrial orders data will be released, with Italy's ISTAT publishing the Business and Consumer confidence data at 10:00 GMT. In between, the lone UK release for the day comes, when the BBA published the January mortgage lending data at 09:30 GMT. Across the Atlantic, the calendar kicks off at 13:30 GMT, with the publication of the Canadian January CPI data. The US calendar gets underway at 15:00 GMT, with the release of the US new home sales data and the final Michigan Sentiment Index. New home sales are expected to partially rebound to a 573,000-annual rate in January following a 10.4% sales plunge in December to a 536,000 rate.
Home supply rose by 4.0% in December, lifting the months’ supply to 5.8 months due to sales plunge. Supply is likely to continue rising in the coming months, based on the strong housing starts data. The Michigan Sentiment index is expected to be revised up modestly to 96.0 in February from
Its another full data session Wednesday, although most US releases are only second tier data sets. However, the US will get a look at the minutes of the Fed's last FOMC policy meeting. The European calendar gets underway at 09:00 GMT, with the publication
Its a quiet data day Monday, with limited releases schedules in Europe and nothing on the calendar for the US due to the President's Day holiday. The European calendar gets underway at 07:00 GMT, with the publication of the German January producer price data.