February Euro Fundamentals Ahead

With January now past us, we shift our focus to what’s ahead, however, not forgetting what’s happened as markets are analysed and co-dependent on events that have occurred to gauge future direction. Euro zone investors will be glued to February’s economic data ahead for signs of hope in a disbanding economy that requires stimulus to gain momentum. For Technical Analysis see Euro’s January Performance.

Date: February 1Event: European Commission Growth Forecasts

The European commission released revised growth forecasts for the Eurozone. The outlook on the Eurozone has shown an increase over the recent quarters, however the overall trend remains weak.

Date: February 3Event: December Retail Sales

The European Commission will report on December 2016 retail sales to gauge recent consumer spending. Upcoming retail sales are expected to rise 1.8% with Eurozone retail sales reflecting a 2.3% increase overall last year through November.

Date: February 6Event: Eurozone Sentix Investor Confidence

This will be released on the first Monday of the month. Market and investor sentiment is gauged based on a large survey of analysts and institutional investors.

Date: February 7Event: German Industrial Production

This week on Tuesday, Europe’s largest economy will report on industrial production. Germany’s rate of industrial output rose at an annualized 2.2% in November. A similar uptick in December will raise confidence in the economic outlook.

Date: February 8Event: German Trade

Germany’s trade figures are closely watched by the financial markets and on February 9 Germany’s Federal Statistics Office will release official trade data.Date: February 10Event: German Inflation

Final readings of Germany’s consumer price index (CPI) and harmonized index of consumer prices (HICP) will be released on the second Friday of the month.

Date: February 14Event: GDP, Industrial Production and ZEW Survey

The German economy expanded by 0.2% in the third quarter. Germany’s fourth quarter GDP figures will be released to monitor an increase or decrease in GDP figures. Furthermore, the European Commission’s statistics branch will report on industrial production for the month of December. The Centre for European Economic Research (ZEW) will also release its latest sentiment surveys covering Germany and the broader Euro area.

Date: February 15Event: Eurozone Trade

The European Commission reports on exports, less imports to finalize the EU trade balance.

Date: February 17Event: Consumer Confidence, German Producer Inflation

Consumer confidence and German inflation will give further direction to the Euro’s fundamental performance followed by a highly active week of Eurozone fundamentals. See below.

Date: February 21Event: Eurozone and German PMI

Markit Group will release a deluge of manufacturing and services PMI for Germany and the Eurozone on February 21. The reports will be used to gauge the performance of the regional economy in the first quarter.

Date: February 22Event: German IFO Business Climate, Eurozone Consumer Inflation

CESifo Group will release its closely watched business conditions indicator the IFO Business Climate. The European Commission will issue out Inflation data.

Date: February 23Event: Revised GDP

The German government will post revised fourth quarter GDP data on February 23. GDP is one of the most closely watched data releases because it is the broadest measure of economic growth.

Date: February 24Event: German Consumer Inflation

Germany will issue preliminary inflation data for the month of February, a more volatile release than the final reading several weeks later. Investors will be keeping tabs of both the CPI and HICP rates.

Date: February 27Event: Eurozone Business Climate, Industrial Confidence, Services Sentiment and Economic Sentiment

February is wrapped up with a deluge of Eurozone sentiment indicators covering the business, industrial, service and consumer segments. The data will provide fresh insights on the health of the Eurozone economy through the lens of business leaders, industrial managers and consumers.

See Euro’s February Performance – Technical AnalysisAustralia’s February Fundamental Outlook

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