A Look Ahead into the Week

A Look Ahead into the Week

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Key Takeaways

• Markets around the globe observe important holidays
• Key data expected for Wednesday

The week starting Monday, Feb 15, kicks off with select Asian markets open for trading. Asian markets will be mostly closed for the Lunar New Year, which began officially on Feb 12. The Shanghai Composite Index, the CSI, the Shenzhen Composite Index and Hong Kong’s Hang Seng Index will all be closed.

US markets will pause on Monday in observance of Presidents Day. The New York Stock Exchange and Nasdaq will be closed. Futures and options trading on CME Group exchanges will also be halted. Canadian markets will be closed, too, in observance of Family Day. Trading on European markets will be underway as usual on Monday.

The Week’s Statistical Outlook

Tuesday’s important data will be coming from Germany since the German ZEW Economic Sentiment will be released at 05:00 am EST.

Significant economic data shall also be issued on Wednesday. At 02:00 am EST, the UK will release the latest CPI data, year-on-year, for January. The ECB follows with its monetary policy statement at 03:00 am EST. The US is set to report retail sales and PPI figures at 08:30 am EST, while Canada reports its CPI data at the same time.

Later on, investors will be watching for key remarks during the FOMC meeting minutes at 2:00 pm EST. At 7:30 pm EST, Australia will release employment change numbers for January.

On Thursday, the European Union reports the latest CPI data at 05:00 am EST. Friday is also light on events. The UK will report retail sales numbers at 02:00 am EST, followed by the German manufacturing PMI data at 03:30 am EST. Canada announces its core retail sales data at 08:30 am EST and the US follows with existing home sales for January at 10:00 am EST.