Economic calendar: GDP data from Europe and US retail sales

7:21 AM February 14, 2020
  • US retail sales and Michigan sentiment scheduled for today

  • GDP data from euro area and Poland to be released in the morning

Coronavirus concerns eased and European futures point to a green open today. The major economic release from Europe today was German GDP released at 7:00 am GMT. It showed German economy stagnating in the fourth quarter of the year (0.0% QoQ vs exp. 0.1% QoQ). Working day adjusted annual growth rate stood at 0.4% (exp. 0.3%). In the later part of the day investors will focus primarily on US retail sales and sentiment data.

9:00 am GMT - Poland, GDP for Q4 and CPI inflation for January. Polish 2019 GDP data showed major, unexpected slowdown. It is expected that Polish economy may have contracted 0.1% QoQ in the final quarter of 2019. Annual growth for Q4 is expected at 3% YoY. CPI data will also be in focus as it is expected to accelerate to 4.2% YoY.

10:00 am GMT - Euro area, GDP for Q4. Expected: 0.1% QoQ. Previous: 0.1% QoQ.

1:30 pm GMT - US, retail sales for January. The US retail sales data will be the major release of the afternoon. Headline growth is expected to remain unchanged at 0.3% MoM and core gauges are expected to grow 0.3% MoM as well. 

2:15 pm GMT - US, industrial production for January. Expected: -0.2% MoM. Previous: 0.3% MoM

3:00 pm GMT - US, University of Michigan consumer sentiment for February (flash). Expected: 99.5 pts. Previous: 99.8 pts

Central bankers’ speeches

  • 10:00 am GMT - BoJ Deputy Governor Amamiya

  • 4:45 pm GMT - Fed’s Mester

Wall Street earnings releases

  • Beyond Meat (BYND.US)

  • PPL Corporation (PLL.US)

  • Newell Brands (NWL.US)


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