Economic calendar: ECB minutes and comments from FOMC member Bostic 📌

• US Labor Market Data
• Publication of the ECB Meeting Minutes
• Regional Economic Activity Indicator in the USA (Philadelphia Fed Manufacturing Index)
• Central Bankers' Speeches

Today's calendar includes several interesting publications. Investors will receive a set of data from the US real estate market, which has been weak in recent months due to high interest rates. Expectations suggest slightly lower data on new home building permits, while housing starts are expected to show a monthly decline. The Philadelphia Fed Manufacturing index will be an interesting report to watch. Following dramatically weak data from the New York state (Fed NY Empire Index), investors will be looking for confirmation of this trend in this report. Meanwhile, analysts' expectations even indicate a slight increase to -7 points compared to the previous month (-12.8 points).

Detailed schedule for the day:

12:30 PM GMT, Euro Zone - ECB Publishes Minutes from the Monetary Policy Meeting

01:30 PM GMT, United States - Housing data for December:

• Housing Starts: forecast 1.426M; previous 1.560M;
• Building Permits: forecast 1.480M; previous 1.467M;

01:30 PM GMT, United States - Philadelphia Fed Manufacturing Index for January:

• forecast -7.0; previous -10.5;

01:30 PM GMT, United States - Employment Data:

• Jobless Claims 4-Week Avg.: previous 207.75K;
• Continuing Jobless Claims: forecast 1,845K; previous 1,834K;

04:00 PM GMT, United States - EIA Data:

• Gasoline Inventories: forecast 2.150M; previous 8.029M;
• EIA Weekly Distillates Stocks: forecast 0.880M; previous 6.528M;
• Crude Oil Inventories: forecast -0.313M; previous 1.338M;

Banker speeches:

• 10:30 AM GMT, Switzerland - SNB Chairman Thomas Jordan speaks
• 12:30 PM GMT, United States - FOMC Member Bostic Speaks
• 03:15 PM GMT, Euro Zone - ECB President Lagarde Speaks
• 04:30 PM GMT, United States - FOMC Member Bostic Speaks
• 05:05 PM GMT, United States - FOMC Member Bostic Speaks