Economic Calendar: Focus on US Housing Data and Eurozone CPI

07:56 17 January 2025

Markets await final inflation readings from the Eurozone, while U.S. housing and industrial production figures will provide insights into economic momentum. European futures indicate a cautious open as traders digest mixed economic signals. Retail Sales from UK came in lower than expected and resulted in increased pressure on GBP.

 

Key Data Releases (GMT)

07:00 - United Kingdom Retail Sales (December):

 

 

  • Retail Sales YoY - Actual: 3.6% vs Forecast: 4.9% vs Previous: 0.5%

  • Retail Sales MoM - Actual: -0.3% vs Forecast: 0.4% vs Previous: 0.2%

  • Core Retail Sales YoY - Actual: 2.9% vs Forecast: 4% vs Previous: 0.1%

  • Core Retail Sales MoM - Actual: -0.6% vs Forecast: 0.3% vs Previous: 0.3%

10:00 - Eurozone Final CPI (December):

  • YoY - Forecast: 2.4% vs Previous: 2.2%

  • MoM - Forecast: 0.4% vs Previous: -0.3%

  • Core CPI YoY - Forecast: 2.7% vs Previous: 2.7%

13:30 - United States Housing Data (December):

  • Building Permits - Forecast: 1.460M vs Previous: 1.493M

  • Housing Starts - Forecast: 1.330M vs Previous: 1.289M

  • Housing Starts MoM - Previous: -1.8%

14:15 - United States Industrial Production:

  • YoY - Previous: -0.60%

  • MoM - Forecast: 0.3% vs Previous: -0.1%

17:15 - Atlanta Fed GDPNow (Expected: 3.0% vs Previous: 3.0%)

18:00 - U.S. Baker Hughes 

  • Oil Rig Count - Previous: 480

  • Total Oil Rig Count - Previous: 584

20:30 - CFTC Speculative Net Positions:

 

Central Bank Speakers

  • 09:00 - German Buba President Nagel Speaks

  • 17:00 - BoE Deputy Governor Woods Speaks

  • 17:00 - BoE Gov Bailey Speaks

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