The main events of the day

Wednesday, February 28, is full of statistics on Japan, China, the euro area and the United States. Also, the day is full of statistics on business activity and preliminary data on inflation in the eurozone and the US GDP.

The market continues to analyze the speech of the US Federal Reserve Chairman Powell and assess the probability of raising rates at the March meeting of the Fed.

At 01:50 – data on production in Japan:
– The volume of industrial production in Japan (m/m), the forecast is -4.1%, the previous value is 2.9%.
– The volume of retail sales in Japan (y/y), the forecast is 2.6%, the previous value is 3.6%.

At 02:00 – the index of confidence in the business circles of New Zealand from ANZ, the previous value is -37.8.

At 02:30 – the private sector lending in Australia (m/m), the forecast is 0.4%, the previous value is 0.3%.

At 03:00 – data on business activity in China:
– Index of business activity in the manufacturing sector (PMI) of China, the forecast is 51.4, the previous value is 51.3.
– The index of business activity in the non-production sector of China, the forecast is 55.0, the previous value is 11.0.

At 09:00 – the consumer climate index in Germany (Gfk), the forecast is 10.8, the previous value is 11.0.

At 10:00 – the index of the leading economic indicators of Switzerland from KOF, the forecast is 106.1, the previous value is 106.9.

At 10:55 – the unemployment rate in Germany, the forecast is 5.4%, the previous value is 5.4%.

At 11:00 – the change in the number of unemployed in Germany, the forecast is -15K, the previous value is -25K.

At 12:00 – data on inflation in the euro area:
– Basic consumer price index (CPI) in the euro area (y / y), forecast 1.0%, previous value 1.0%.
– Consumer price index (CPI) in the euro area (y / y), forecast 1.2%, the previous value of 1.3%.

At 15:30 – will publish preliminary data on US GDP:
– US GDP (q/q), the forecast is 2.5%, the previous value is 2.6%.
– US GDP deflator (q/q), the forecast is 2.4%, the previous value is 2.4%.

Also, at 15:30 – the index of prices for raw materials (RMPI) in Canada (m/m), the previous value is -0,9%.

At 16:45 – the index of business activity (PMI) in Chicago (USA), the forecast is 64.2, the previous value is 65.7.

At 17:00 – the index of unfinished sales in the US real estate market (m/m), the forecast is 0.3%, the previous value is 0.5%.

At 17:30 – oil reserves in the US:
– Crude oil reserves in the US, the forecast is 2.675M, the previous value is -1.616M.
– Data on surplus oil reserves in Cushing (Oklahoma, USA), the previous value is -2.664M.

Hanzenko Anton