Economic calendar: GDP and inflation data in the spotlight

• CPI and GDP releases from Europe

• US PCE, spending and income data due today

• Brexit day

A lot of key data from the EU member countries will be released throughout the day. CPI and GDP releases for the whole euro area top the scheduled. GDP figures will be especially interesting after French economy unexpectedly contracted 0.1% QoQ in the final quarter of 2019. Here is list of releases to watch:

• 7:45 am GMT - France, CPI for January. Expected: 1.5% YoY. Previous: 1.5% YoY

• 8:00 am GMT - Spain, GDP for Q4 2019. Expected: 0.4% QoQ. Previous: 0.4% QoQ

• 8:00 am GMT - Spain, CPI for January. Expected: 1% QoQ. Previous: 0.8% YoY

• 9:00 am GMT - Italy, GDP for Q4 2019. Expected: 0.1% QoQ. Previous: 0.1% QoQ

• 10:00 am GMT - Euro area, CPI for January. Expected: 1.4% YoY. Previous: 1.3% YoY

• 10:00 am GMT - Euro area, GDP for Q4 2019. Expected: 0.2% QoQ. Previous: 0.2% QoQ

1:30 pm GMT - Canada, GDP for November. Expected: 1.4% YoY. Previous: 1.2% YoY.

1:30 pm GMT - US, PCE inflation for December. The US GDP report released yesterday point to a significant slowdown in price growth. However, monthly data for December is expected to show core PCE remaining at 1.6% YoY. Simultaneously, December’s personal income and spending data will be released and both are expected to show 0.3% MoM increase.

3:00 pm GMT - US, University of Michigan consumer sentiment for January (final). First release: 99.1 pts

11:00 pm GMT - The United Kingdom leaves European Union.

Central bankers’ speeches

• 11:00 am GMT - ECB’s Panetta, Schnabel and Mersch

Major earnings releases

• Caterpillar (CAT.US)

• Chevron (CVX.US)

• Phillips 66 (PSX.US)

• Exxon Mobil (XOM.US)