Economic calendar: FOMC members' speeches and retail sales reports

• Inflation Report from the University of Michigan in the USA
• Retail Sales from the UK and Canada
• PPI Data from Switzerland and Germany

Today's economic calendar includes several interesting publications. Although there are no significant macroeconomic reports from the USA, investors will have access to key data for other countries, mainly European.

Retail sales reports from the UK and Canada are expected to show a month-to-month decline. UK data is anticipated to be -0.5% month-over-month, while Canadian data is expected to be -0.1% month-over-month. In the latter part of the day, investors' attention will shift to the USA, where the University of Michigan report will be released, and several FOMC bankers, including Barr and Daly, will deliver speeches.

Detailed schedule for the day:

07:00 AM GMT, United Kingdom - Retail Sales Data for December:

• Retail Sales: forecast 1.1% YoY; previous 0.1% YoY;

07:00 AM GMT, Germany - Inflation Data for December:

• German PPI: forecast -8.0% YoY; previous -7.9% YoY;
• German PPI: forecast -0.5% MoM; previous -0.5% MoM;

07:00 AM GMT, United Kingdom - Retail Sales Data for December:

• Retail Sales: forecast -0.5% MoM; previous 1.3% MoM;
• Core Retail Sales: forecast 1.3% YoY; previous 0.3% YoY;
• Core Retail Sales: forecast -0.6% MoM; previous 1.3% MoM;

07:30 AM GMT, Switzerland - Inflation Data for December:

• PPI: previous -1.3% YoY;
• PPI: forecast -0.6% MoM; previous -0.9% MoM;

01:30 PM GMT, Canada - Retail Sales Data for November:

• Core Retail Sales: forecast -0.1% MoM; previous 0.6% MoM;
• Retail Sales: forecast 0.0% MoM; previous 0.7% MoM;

03:00 PM GMT, United States - University of Michigan inflation report for January:

• Michigan Consumer Sentiment: forecast 70.0; previous 69.7;
• Michigan Current Conditions: previous 73.3;
• Michigan Consumer Expectations: previous 67.4;
• Michigan 5-Year Inflation Expectations: previous 2.9%;
• Michigan 1-Year Inflation Expectations: previous 3.1%;

03:00 PM GMT, United States - Existing Home Sales for December:

• forecast 3.82M; previous 3.82M;

06:00 PM GMT, United States - U.S. Baker Hughes Total Rig Count:

• previous 619;

Banker speeches:

• 09:30 AM GMT, Euro Zone - ECB McCaul Speaks
• 10:00 AM GMT, Euro Zone - ECB President Lagarde Speaks
• 06:00 PM GMT, United States - Fed Vice Chair for Supervision Barr Speaks
• 09:15 PM GMT, United States - FOMC Member Daly Speaks