Bank of Canada monetary policy announcement is one of the highlights for this Wednesday, so stay with us to find out more with this edition of the Economic Calendar. UK Halifax House Price Index for February opens this agenda at 8:30 in the morning. On a monthly basis, prices fell for the second consecutive month in January, but they were 2.2% up from a year ago. Revised Euro Zone fourth quarter GDP follows at 10 o’clock. Preliminary estimate indicated economy expanded by point 6% in the final quarter of last year in both the Euro Area and within the European Union of 28 countries. US ADP Employment Report for February will be released at a quarter past 1 and it’s a known Greenback mover. Private Sector Employment Increased by a stronger than expected 234 thousand Jobs in January. Then there are a couple of North American trade reports for January. US trade deficit expanded in the final month of last year, building further above the 50 billion US dollar mark. Canadian trade deficit disappointed with a sharp increase in December as it returned back above the 3 billion level. Then there’s the day’s key event for the Loonie Dollar traders at 3 PM GMT when Bank of Canada will announce their latest monetary policy decision. The Central Bank previously increased its target for the overnight rate to 1.25%, noting recent data have been strong, inflation is close to target, and the economy is operating roughly at capacity. However, uncertainty surrounding the future of the North American Free Trade Agreement is clouding the economic outlook. US Fed will release their Beige Book for March at 7 PM. Previously reports from the 12 Federal Reserve Districts indicated that the economy continued to expand from late November through the end of the year, with 11 Districts reporting modest to moderate gains and Dallas recording a robust increase. US Consumer Credit for January follows at 8 o’clock. Credit increased in December, but the pace of growth slowed down. Final fourth quarter Japanese GDP is out at ten to midnight. According to flash report, economy expanded at a pace of point 1%, which was the slowest pace since 2016. UK RICS residential market survey for February is published shortly after midnight. Survey balance stood steady at plus 8% in January after rebounding from December’s flat reading. And wrapping up this agenda is the Australian trade balance for January at a half past midnight. A disappointing deficit of 1.36 billion was reported for December, but the balance is expected to return to the positive territory this time around. I’m Kiays Khalil and these were the fundamentals for Wednesday. Click back for Thursday’s report, but for now, goodbye.
Bank of Canada monetary policy announcement is one of the highlights for this Wednesday, so stay with us to find out more with this edition of the Economic Calendar.
UK Halifax House Price Index for February opens this agenda at 8:30 in the morning. On a monthly basis, prices fell for the second consecutive month in January, but they were 2.2% up from a year ago.
Revised Euro Zone fourth quarter GDP follows at 10 o’clock. Preliminary estimate indicated economy expanded by point 6% in the final quarter of last year in both the Euro Area and within the European Union of 28 countries.
US ADP Employment Report for February will be released at a quarter past 1 and it’s a known Greenback mover. Private Sector Employment Increased by a stronger than expected 234 thousand Jobs in January.
Then there are a couple of North American trade reports for January. US trade deficit expanded in the final month of last year, building further above the 50 billion US dollar mark.
Canadian trade deficit disappointed with a sharp increase in December as it returned back above the 3 billion level.
Then there’s the day’s key event for the Loonie Dollar traders at 3 PM GMT when Bank of Canada will announce their latest monetary policy decision. The Central Bank previously increased its target for the overnight rate to 1.25%, noting recent data have been strong, inflation is close to target, and the economy is operating roughly at capacity. However, uncertainty surrounding the future of the North American Free Trade Agreement is clouding the economic outlook.
US Fed will release their Beige Book for March at 7 PM. Previously reports from the 12 Federal Reserve Districts indicated that the economy continued to expand from late November through the end of the year, with 11 Districts reporting modest to moderate gains and Dallas recording a robust increase.
US Consumer Credit for January follows at 8 o’clock. Credit increased in December, but the pace of growth slowed down.
Final fourth quarter Japanese GDP is out at ten to midnight. According to flash report, economy expanded at a pace of point 1%, which was the slowest pace since 2016.
UK RICS residential market survey for February is published shortly after midnight. Survey balance stood steady at plus 8% in January after rebounding from December’s flat reading.
And wrapping up this agenda is the Australian trade balance for January at a half past midnight. A disappointing deficit of 1.36 billion was reported for December, but the balance is expected to return to the positive territory this time around.
I’m Kiays Khalil and these were the fundamentals for Wednesday. Click back for Thursday’s report, but for now, goodbye.
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