The day begins with anticipation of the key US Consumer Price Index (CPI) release for January, which could have a significant impact on financial market sentiment and shape expectations regarding future monetary policy by the Federal Reserve. Investors will be closely watching both the monthly and yearly price dynamics, as the CPI outcome may trigger increased volatility across currency markets, stock exchanges, and the bond market.
Economic Calendar (CET)
08:00 – Romania
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GDP n.s.a. preliminary (y/y) Q4: 0.1% (forecast 1.2%, previous 1.7%)
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Industrial production s.a. (m/m) December: 0.8% (forecast 1%, previous -0.7%)
08:30 – Switzerland
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CPI (m/m) January: forecast 0.0%, previous 0.0%
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CPI (y/y) January: forecast 0.1%, previous 0.1%
08:30 – Hungary
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Industrial production s.a. fin. (m/m) December: forecast 0.9%, previous -1.6%
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Industrial production n.s.a. fin. (y/y) December: forecast 1.8%, previous -5.5%
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Industrial production w.d.a. fin. (y/y) December: forecast -1%, previous -5.5%
09:00 – Czech Republic
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CPI fin. (m/m) January: forecast 0.9%, previous -0.3%
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CPI fin. (y/y) January: forecast 1.6%, previous 2.1%
09:00 – Spain
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CPI fin. (m/m) January: forecast -0.4%, previous 0.3%
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HICP fin. (m/m) January: forecast -0.7%, previous 0.3%
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CPI fin. (y/y) January: forecast 2.4%, previous 2.9%
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HICP fin. (y/y) January: forecast 2.5%, previous 3%
09:00 – Slovakia
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GDP preliminary (y/y) Q4: forecast 0.8%, previous 0.9%
10:00 – Poland
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CPI fin. (m/m) January: forecast 0.5%, previous 0.0%
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CPI fin. (y/y) January: forecast 1.9%, previous 2.4%
10:00 – Czech Republic
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Current account balance (CZK) December: forecast 10.5 bn, previous 8.16 bn
11:00 – Eurozone
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Foreign trade balance n.s.a. (EUR) December: previous 9.9 bn
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Foreign trade balance s.a. (EUR) December: forecast 11.7 bn, previous 10.7 bn
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GDP s.a. revised (q/q) Q4: forecast 0.3%, previous 0.3%
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GDP s.a. revised (y/y) Q4: forecast 1.3%, previous 1.4%
14:00 – Poland
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Current account balance (EUR) December: forecast -1,250 mn, previous -460 mn
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Trade balance (EUR) December: previous -1,087 mn
14:30 – USA
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CPI (m/m) January: forecast 0.3%, previous 0.3%
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Core CPI (m/m) January: forecast 0.3%, previous 0.2%
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CPI (y/y) January: forecast 2.5%, previous 2.7%
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Core CPI (y/y) January: forecast 2.5%, previous 2.6%
19:00 – USA
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Oil rig count (week): forecast 413, previous 412
Daily summary: Silver plunges 9% 🚨Indices, crypto and precious metals under pressure
BREAKING: US jobless claims slightly higher than expected
Economic calendar: US Jobless Claims and ECB Speeches to Offer Markets Breathing Room (12.02.2026)
BREAKING: Pound frozen after lower-than-expected GDP data from UK 🇬🇧 📉
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