Economic Events Of The Coming Week – 2/28/2016

Monday: Preliminary January Industrial Production data will be released in Japan. January Mortgage Approvals data will see light in the U.K. The Eurozone’s February’s Advance Consumer Price Index Flash Estimate data will also be released, with analysts expecting the annual inflation rate to drop to 0%, from a current 0.3%. In the U.S., the Chicago Purchasing Mangers’ Index will see light.

Tuesday: Labor market data will be released in Japan, with analysts expecting the Jobless Rate to remain unchanged at 3.3%. In China, both the official Manufacturing Purchasing Managers’ Index, as well as the Caixin one will see light, both of which currently under the level of 50. Ample other PMIs will be released globally, including Japan, Russia, Germany, the U.K. and Eurozone aggregate. January’s Unemployment rate will also see light for the Eurozone. The final estimate for February’s Markit Purchasing Managers’ Index will be released in the U.S., followed by the ISM Manufacturing PMI.

Wednesday: February Unemployment data will be released in Spain. In the U.S., the weekly MBA Mortgage Applications will see light, followed by February’s ADP Employment print.

Thursday: Nationwide House Prices data will be released in the U.K., with analysts eyeing a 4.9% annual gain, from 4.4% currently. In the U.S., the weekly Initial Jobless Claims data will see light, followed by the final January estimate for Durable Goods Orders.

Friday: In the U.S., January’s Trade Balance data will see light. It will be followed by February’s Nonfarm Payrolls print, where analysts expect 188K jobs to be added to the economy, from a previous 151K. The analyst consensus further sees February’s Unemployment remain at 4.9%. In Russsia, February’s Consumer Price Index will see light, with analysts expecting annual inflation to moderate to 8.5%, from a current 9.8%.