Guide to today’s important data and events

Lot of economic dockets scheduled for today and some with high risks associated.

Data released so far -

• New Zealand - Inflation expectations dropped 1.6% from 1.9% prior.

• China - Money supply rose 14% in January, New loans up Yuan 2.51 trillion.

Upcoming -  

• Italy - Trade balance for December will be released at 9:00 GMT.
  
  
• UK - Inflation reading will be released at 9:30 GMT, which will include RPI, CPI, PPI and HPI for January month.
  
  
• Germany - Zew survey for current situation and economic sentiment will be released at 10:00 GMT.
  
  
• Euro Zone - Zew survey economic sentiment will be released at 10:00 GMT.
  
  
• US - Empire state manufacturing index will be released at 13:30 GMT, followed by NAHB house price index at 15:00 GMT. Treasury department will announce inflows to treasuries at 21:00 GMT.
  
  
• Canada - Manufacturing shipments for December will be released at 13:30 GMT.
  
  
• Australia - Westpac leading index will be released at 23:30 GMT.
  
  
• New Zealand - Global dairy auction is scheduled for today.
  
  
• Japan - Machinery orders for December will be released at 23:50 GMT.
  
  
• Auctions - Germany will auction 10 year bond. Spain will be auctioning 6 month and 12 month letras today. US will auction 3 month and six month bills at 16:30 GMT.