The week ahead

While some people are dancing hot samba in Rio De Janeiro, others are preparing for the long celebration of the Lunar New Year. For those who are lack of festive mood, the economic calendar for the week ahead will unfold mostly data on GDP and CPI.

Japan celebrates a national holiday today and the macro agenda from the rest of the world do not offer much except  the numbers on Consumer Price Index in Switzerland.

On Tuesday we can expect the announcement of the British Produce Price Index, Consumer Price Index y/y and m/m and Retail Price Index data. From the US the FOMC Member Mester speech is due.

 Wednesday will be very busy day, but the focus will be on Japan's GDP data for Q4. Further on  we may expect GDP data from Germany, Italy and  the Eurozone. In the afternoon  releases from USA are due on Retail Sales, basic CPI and CPI on Food&Energy.

Thursday will bring employment data from Australia and the RBA’s Governor Philip Lowe speech . The more important news that will  come from the US are the Philadelphia Fed figures and the jobless claims release.

A long weekend will start for South Korea, China and Hong Kong due to the Lunar New Year celebration.

Friday are due the British retail sales data for January the building permits for January in the USA.

The earnings season continues this week the with the financial reports of MetLife, PepsiCo, Western Union, Cisco systems, T-Mobile USA and TripAdvisor.