US GDP in focus next week

Next week begins quietly, with no data releases during the Asian session on Monday. In the European session, the European Commission releases an update on Eurozone consumer confidence numbers. From the UK we will see the Confederation of British Industry orders figures.

In the US, the National Activity Index is released, followed by home sales numbers.

On Tuesday, Markit flash PMI data are due from Japan, China, the Eurozone and the US. Market focus will then turn to CPI data from the UK and the US. Also from the US, there will be an update on house price numbers.

On Wednesday, Germany publishes the closely watched economic sentiment survey by IFO. Later in the day, we await durable goods data and building permit numbers.

On Thursday, Japan releases capital flows data. The Eurozone publishes money supply numbers. The highlight on Thursday will be retail sales figures out of the UK, published by the Office for National Statistics.

From the US, flash Services PMI numbers and initial jobless claims data will be issued.

The week will end with household spending data, inflation numbers and unemployment figures from Japan.

Focus will then turn to the release of final fourth quarter GDP data from the US as well as the Reuters/Michigan Consumer Sentiment Index.

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