Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Trading Radar: ECB Rate Hike on the Horizon?

By

Economics, earnings reports, and market events for the week ahead.

PrintPRINT
US equities shot up on Friday after November and December's jobs data showed a bigger increase than had been previously reported. For January, nonfarm payrolls were about inline with expectations and the market reacted favorably to this news. Treasuries, which rallied hard only to reverse lower for a negative weekly finish. The ISM manufacturing index showed a big increase, in sync with the big increase of new orders and inventories we've seen from the Chicago PMI and Markit PMI indexes.

Next week is lighter on the economic data scale, with the major highlight being the the European Central Bank's monetary policy decision. Last month, the ECB turned a bit more hawkish after the month prior when the committee was pushing for an additional rate cut. Since that day, the EURUSD has rallied sharply.

In the US, the notable economic reports will be the monthly factory orders and non-manufacturing ISM. Factory orders are expected to increase in January as most other manufacturing reports showed growth. However, the ISM non-manufacturing index is expected to remain relatively unchanged month-to-month as the big boost was restricted to the manufacturing sector alone.

Earnings will have another big week. The major reports include Yum Brands (NYSE:YUM), Walt Disney (NYSE:DIS), Panera Bread (NASDAQ:PNRA), Visa (NYSE:V), Chipotle Mexican Grill (NYSE:CMG), Sprint (NYSE:S), and LinkedIn (NYSE:LNKD).

Monday, February 4

US Economics (Time Zone: EDT)

09:45 ISM New York
10:00 Factory Orders – consensus 2.2%, prior 0.0%
11:00 Fed to buy $2.75b-$3.5b bonds in 7 to 9.5-year range
11:30 Treasury selling $32b 3-month, $28b 6-month bills

Global Economics (Time Zone: GMT)

CNY Non-manufacturing PMI
09:30 EUR Eurozone Sentix Investor Confidence
09:30 GBP Construction PMI
10:00 EUR Eurozone PPI
11:00 Italy to sell notes, inflation-linked bonds

Earnings

Before:
Humana (HUM)

After:
Anadarko Petroleum (APC)
Yum Brands (YUM)
Gilead Scienes (GILD)
Acme Packet (APKT)

Tuesday, February 5

US Economics (Time Zone: EDT)

10:00 ISM Non-manufacturing – consensus 55, prior 55.7
10:00 IBD/TIPP Economic Optimism – consensus 46.0, prior 46.5
11:00 Fed to buy $1.25b-$1.75b notes in 23 to 29-year range
11:30 Treasury selling $25b in 52-week bills

Global Economics (Time Zone: GMT)

00:30 AUD Trade Balance
01:45 CNY HSBC Services PMI
03:30 AUD RBA Rate Decision
07:00 CHF Trade Balance
09:30 GBP Services PMI
10:00 EUR Eurozone Retail Sales
11:30 Germany selling EU1b in 10-year inflation linked notes

Earnings

Before:
NYSE Euronext (NYX)
Emerson Electric (EMR)
HCA Holdings (HCA)
Sirius XM (SIRI)
Kellogg (K)

After:
Chipotle Mexican Grill (CMG)
Walt Disney (DIS)
Aflac (AFL)
Panera Bread (PNRA)
Shutterfly (SFLY)
CME Group (CME)
Expedia (EXPE)
Zynga (ZNGA)

Wednesday, February 6

US Economics (Time Zone: EDT)

07:00 MBA Mortgage Index
11:00 Fed buying $3b-$3.75b notes in 5 to 7-year range

Global Economics (Time Zone: GMT)

00:30 AUD Retail Sales
11:00 EUR Germany Factory Orders
21:45 NZD Employment
11:30 Germany to sell EU2b 30-year bonds

Earnings

Before:
Virgin Media (VMED)
Marathon Oil (MRO)
CVS Caremark (CVS)
Time Warner (TWX)
Nu Skin (NUS)
Ralph Lauren (RL)

After:
News Corp (NWSA)
Atmel (ATML)
Green Mountain Coffee (GMCR)
Allstate (ALL)
Prudential Financial (PRU)
Visa (V)
Yelp (YELP)

Thursday, February 7

US Economics (Time Zone: EDT)

08:30 Initial Claims – consensus 350K, prior 330K
08:30 Continuing Claims – consensus 3191K, prior 3157K
08:30 Nonfarm Productivity – consensus -1.0%, prior 2.9%
08:30 Unit Labor Costs – consensus 2.9%, prior -1.9%
3:00 Consumer Credit – consensus $14.5B, prior $16.05B
11:00 Fed to buy $1.25b-$1.75b notes in 23 to 29-year range

Global Economics (Time Zone: GMT)

00:30 AUD Employment Change
05:00 JPY Leading Index
09:30 GBP Industrial Production
09:30 GBP Manufacturing Production
12:00 GBP BoE Rate Decision
12:45 EUR ECB Rate Decision
13:30 CAD New Home Price Index
23:50 JPY Trade Balance

Earnings

Before:
Starwood Hotels (HOT)
Advance Auto Parts (AAP)
Phillip Morris (PM)
Cigna (CI)
Sprint (S)
After:
Activision Blizzard (ATVI)
OpenTable (OPEN)
LinkedIn (LNKD)
Coinstar (CSTR)
Riverbed (RVBD)
American Capital Agency (AGNC)

Friday, February 8

US Economics (Time Zone: EDT)

08:30 Trade Balance – consensus -$46B
10:00 Wholesale Inventories – consensus 0.4%, prior 0.6%
11:00 Fed to buy $1b-$1.5b TIPS in 4 to 29-year range

Global Economics (Time Zone: GMT)

CNY Trade Balance
04:30 JPY Eco Waters Survey
05:30 CNY CPI
06:45 CHF Unemployment Rate
08:15 CHF Retail Sales
12:15 CAD Housing Starts
13:30 CAD Employment

Earnings

Before:
Apollo Global (APOL)
Moody's (MCO)


Twitter: @MichaelSedacca

Follow the markets all day every day with a FREE 14 day trial to Buzz & Banter. Over 30 professional traders share their ideas in real-time. Learn more.
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE