The main events of Wednesday!

On Wednesday, February 27, attention will be focused on data for Canada and the United States.

At 02:30 – construction work done (q/q) (Q4) in Australia will be released, forecast 0.6%,  previous value  -2.8%.

At 11:30 – gross mortgage approvals in the UK will be announced,  forecast 38.5K, previous value 38.8K.

At 12:00 – the speech of the President of the Bundesbank, Weidmann.

At 15:30 – goods trade balance (December), the United States, previous value -76.98B.

Also at 15:30 –  inflation data in Canada will be released:
– Core Consumer Price Index (CPI) (m/m) (January),  previous value -0.2%.
– Core Consumer Price Index (CPI) (y/y) (January),  previous value 1.7%.
– Consumer price index (CPI) (m/m) (January),  forecast  0.2%,  previous value  -0.1%.

At 17:00 – the US data will be released:
– Non defense capital goods shipments (excluding aircraft) (m/m),  previous value  0.5%.
– Industrial orders (m/m) (December), forecast 0.5%,  previous value  -0.6%.
– Speech by Fed Chairman Mr. Powell.
– Pending home sales  (m/m) (January),  forecast  0.4%,  previous value -2.2%.

At 17:30 –  data on US oil inventories will be announced:
– Crude oil inventories, forecast 3,589M, previous value  3.672M.
– Cushing (Oklahoma) crude oil inventories,  previous value 3.413M.

Hanzenko Anton