Market moving info – week starting February 13, 2017

Here’s a summary of last week’s market moving news and a look ahead to the data, events and earnings reports that are likely to move the markets in the week starting February 13.

Last week:          

  • After Brexit, London is likely to no longer be the “gateway for Europe” for financial services, Bundesbank executive board member Andreas Dombret said. “Let me say that I expect London to remain an important financial centre,” Dombret said. “Nevertheless, I also expect many UK-based market participants to move at least some business units to the EU in order to hedge against all possible outcomes of the negotiations.”

This week:

Monday, February 13

Europe:

  • Germany wholesale price inflation for January.

US:

  • Auction of three-months and six-months bills.

Rest of the world:

  • India consumer price inflation for January.

Corporate events:

  • None of note.

Tuesday, February 14

Europe:

  • Eurozone industrial production for December.
  • Eurozone fourth-quarter GDP, second reading.
  • Germany ZEW economic sentiment for February.
  • Germany fourth-quarter GDP.
  • Italy fourth-quarter GDP.
  • UK consumer price inflation for January.
  • UK house price index for January.

US:

  • Fed Chairwoman Janet Yellen speaks.
  • NFIB small business optimism for January.
  • Producer price inflation for January.

Rest of the world:

  • China consumer price inflation for January.
  • India wholesale price inflation for January.

Corporate events:

  • Actelion, Credit Suisse, EDF, Michelin, Randstad, Tui earnings.

Wednesday, February 15

Europe:

  • Trade balance for December.
  • UK unemployment for December.
  • Swedish central bank interest rate decision.

US

  • Weekly mortgage applications data from the Mortgage Bankers Association.
  • Weekly crude inventories.
  • Consumer price inflation for January.
  • Retail sales for January.
  • Empire State Manufacturing Index for February.
  • Industrial production for January.
  • NAHB Housing Market Index for February.

Rest of the world:

  • Canada manufacturing sales for December.
  • India money supply data.

Corporate events:

  • Air Liquide, Akzo, Danone, DSM, Euronext, Gerresheimer, Heineken, Analog Devices, Applied Materials, Cisco Systems, Int. Flavors & Fragrances, Kraft Heinz, Marriott, Pepsico, Tripadvisor earnings.

Thursday, February 16

Europe:

  • ECB accounts of monetary policy meeting.
  • France unemployment for the fourth quarter.
  • Italy trade balance for December.

US:

  • Weekly natural gas inventories.
  • Weekly jobless claims.
  • Building permits, housing starts for January.
  • Philadelphia Fed Manufacturing Index for February.
  • Philly Fed Business Conditions for February.

Rest of the world:

  • Australia unemployment for January.

Corporate events:

  • Capgemini, Clariant, Valeo, Nestlé, OMV, Schindler, Shire, Straumann earnings.

Friday, February 17

Europe

  • Eurozone current account deficit, net investment flow for December.
  • UK retail sales for January.

US

  • CB leading index for January.

Rest of the world:

  • India bank loan, deposit growth.
  • Brazil current account balance for January.

Corporate events:

  • Aegon, Allianz, BB Biotech, Essilor, Campbell Soup, Deere & Co, Fluor, Moody’s earnings.