The main events of Wednesday!

On Wednesday, February 6, the day is saturated with data, especially in the afternoon.

At 03:30 – the speech of the RBA Governor Lowe.

At 09:00 – German factory orders  (m/m) (December) will be released, forecast 0.3%,  previous value  -1.0%.

At 15:30 – the US data will be released:
– Building permits, forecast 1,290M, previous value  1,328M.
– Core retail sales (m/m),  forecast 0.0%,  previous value  0.2%.
– Export volume, previous value 211.05B.
– Import volume, previous value 266.53B.
– Nonfarm productivity (q/q) (Q4),  forecast  1.7%, previous value 2.3%.
– Labor costs (q/q) (Q4), forecast  1.7%,  previous value  0.9%.

Also at 15:30 – construction permits (m/m) (December) in Canada will be announced,  forecast -0.4%, previous value  2.6%.

At 17:00 – Ivey business activity index (PMI)  (Jan) in Canada will be released,  forecast 56.0,  previous value  59.7.

At 17:30 – will publish data on oil inventories in the United States:
– Crude oil inventories, forecast 1.601M, previous value 0.919M.
– Cushing (Oklahoma) crude oil inventories, previous value  -0.145M.

At 21:00 – the US federal budget balance will be published,  forecast  -8.0B,  previous value -205.0B.

At 23:45 – employment data in New Zealand will be announced:
– Employment change (q/q) (Q4), forecast 0.3%, previous value 1.1%.
– Unemployment rate (Q4),  forecast 4.1%,  previous value 3.9%.

Hanzenko Anton