Tue, 14 Feb 2017 05:00:00 +0000
Tuesday brings plenty of high importance news releases, so let's take a closer look with the Economic Calendar.
The closely watched preliminary reading of German fourth quarter GDP is up first at 7. The third quarter data surprised on the downside, posting the weakest growth in 2 years.
The final version of German January CPI is out at the same time. The preliminary estimate suggests consumer prices have declined on a monthly basis, and this figure could be confirmed.
Swiss Consumer Price Index for January follows at 8:15. The Index has been trending lower for the past 2 months.
The high importance UK January CPI comes at 9:30. The annual inflation surged to a 2-year high in December on the back of higher food, air fares and fuel prices.
The highly anticipated second reading of Euro Zone fourth quarter GDP will be available at 10. The initial estimate suggests the European economy picked up speed at the end of the year, following a point 3% growth a quarter ago.
Another closely watched release is out at the same time, and it's the German ZEW Economic Sentiment. The Index grew by 2.8 points in December, reflecting improved conditions across Europe.
And Euro Zone Industrial Production for December comes at the same time. Output grew much more than anticipated in November as non-durable consumer goods, intermediate goods and energy all went up.
US Producer Price Index for January follows at 1:30 PM GMT. Growing fuel prices pushed the Index higher in December, following no change the previous month.
Federal Reserve Chair Janet Yellen will be giving a closely watched speech at 3, testifying on the Semiannual Monetary Policy Report before the Senate Banking Committee, in Washington DC. This is her first public appearance during the Trump administration.
And Australian Westpac Consumer Confidence for February concludes the schedule at 11:30. The Index inched higher in December, posting the first growth in 3 months.
I'm Kiays Khalil and this was the Economic Calendar for Tuesday, the 14th of February. Check back in for the next overview of news releases for Wednesday.
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