As with the previous week, this will be a relatively quiet one. Most of the events will be concentrated in the Eurozone, with others to come from Australia, China, and the United States. Find out more about these events below:
Event: Fed Chairwoman Janet Yellen’s Speech – United States
Date: February 11, 2014
Time: 3:00pm (GMT)
What It Is About and Why It’s Important
Janet Yellen will give her first semi-annual report on the US monetary policy after assuming the role as Chairwoman of the US Fed. Worth noting would be the presence of any difference in her tone and that of her predecessor, Ben Bernanke.
Event: BoE Quarterly Inflation Report (Q4)/BoE Governor Mark Carney’s Speech – United Kingdom
Date: February 12, 2014
Time: 10:30am (GMT)
What It Is About and Why It’s Important
The report will provide details on the UK’s economy and inflation, on which the BoE will base its interest rate decision. The country’s current CPI – a key indicator of inflation – is currently at 0.4%.
Event: Employment Data (January) – Australia
Date: February 13, 2014
Time: 12:30am (GMT)
What It Is About and Why It’s Important
Australia’s employment data could confirm the RBA’s projection that it would go on a downtrend as the country’s mining industry weakens. The unemployment rate is expected to remain at 5.8%, while employment change is seen to rise by 15,000 compared to the previous contraction by 22,600.
Event: CPI Data – Germany
Date: February 13, 2014
Time: 7:00am (GMT)
What It Is About and Why It’s Important
While the country’s overall CPI is expected to contract, the Harmonised Index of Consumer Prices for January is seen to remain at 1.2%.
Event: ECB Monthly Report – European Union
Date: February 13, 2014
Time: 9:00am (GMT)
What It Is About and Why It’s Important
The report contains the ECB’s analysis of the EU’s current economic conditions and challenges ahead. Expect some volatility around the time of this event.
Event: Retail Sales/Retail Sales ex Autos (MoM, January) – United States
Date: February 13, 2014
Time: 1:30pm (GMT)
What It Is About and Why It’s Important
The US retail sales data is expected to rise slightly from 0.2% to 0.3% in January. However, a weaker growth is expected when auto sales are excluded at 0.3% compared to the previous 0.7%.
Event: Consumer Price Index (MoM/YoY, January) – China
Date: February 14, 2014
Time: 1:30am (GMT)
What It Is About and Why It’s Important
China’s is expected to post a slightly weaker CPI growth in January over the past 12 months compared to the previous period at 2.4% (previously 2.5%). On a MoM basis, it is currently at 0.3%.
Event: Gross Domestic Product (QoQ/YoY, Q4) – Germany
Date: February 14, 2014
Time: 7:00am (GMT)
What It Is About and Why It’s Important
Germany’s GDP is projected to remain at 0.3% in Q4, while it is seen to grow by 1.3% over the past 12 months.
Event: Gross Domestic Product (QoQ/YoY, Q4) – EU
Date: February 14, 2014
Time: 10:00am (GMT)
What It Is About and Why It’s Important
Positive growth is expected from the EU’s GDP in Q4. It’s seen to grow by 0.4% over the past 12 months (previously -0.3%), and by 0.2% over the previous quarter (previously 0.1%).
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