The main events of the day

Wednesday, February 21, is full of publications on business activity in the euro area and the US. The market will be focused on data on employment and inflation in the UK and the publication of the FOMC protocol.

At 02:30 – announcement of the data for Australia:
– Completed construction work in Australia (q/q), the forecast is -10.1%, the previous value is 15.7%.
– The index of changes in wages in Australia (q/q), the forecast is 0.5%, the previous value is 0.5%.

At 03:10 – a speech of a member of the Board of the Bank of Japan Yukitoshi Funo.

At 10:30 – data on business activity in Germany:
– The index of business activity in the manufacturing sector (PMI) of Germany, the forecast is 60.6, the previous value is 61.1.
– Index of business activity in the German services sector, the forecast is 57.0, the previous value is 57.3.

At 11:00 – data on business activity in the euro area:
– The index of business activity in the manufacturing sector (PMI) of the euro area, the forecast is 59.3, the previous value is 59.6.
– Composite index of business activity (PMI) from Markit in the euro area, the forecast is 58.5, the previous value is 58.8.
– The index of business activity in the services sector in the euro area, the forecast is 57.6, the previous value is 58.0.

At 11:30 – a report on employment in the UK:
– The average wage level (including premiums) in the UK, the forecast is 2.5%, the previous value is 2.5%.
– The change in the number of applications for unemployment benefits in the UK, the forecast is 4.1K, the previous value is 8.6K.
– The unemployment rate in the UK, the forecast is 4.3%, the previous value is 4.3%.

At 16:15 – the speech of the head of the Bank of England Carney.

Also, at 16:15 – the Bank of England’s report on inflation.

At 16:45 – data on business activity in the US:
– The index of business activity in the manufacturing sector (PMI) in the United States, the forecast is 55.4, the previous value is 55.5.
– Composite index of business activity (PMI) in the USA from Markit, the previous value is 53.8.
– The index of business activity (PMI) in the US services sector, the forecast is 54.0, the previous value is 53.3.

At 17:00 – data on real estate in the US:
– Sales in the secondary housing market in the US, the forecast is 5.60M, the previous value is 5.57M.
– Sales in the secondary housing market in the US (m/m), the forecast is 0.9%, the previous value is -3.6%.

At 21:00 – the publication of the FOMC protocols.

At 23:30 – weekly stocks of crude oil in the US according to the American Petroleum Institute (API), the previous value is 3.947M.

Hanzenko Anton