US 0700 ET Weekly MBA mortgage applications, previous -4.1% with purchase sub-index -5.9% and refi sub-index -1.9%.
0945 ET Feb Markit manufacturing PMI expected unch at 55.5, Jan +0.4 to 55.5. Feb Markit services PMI expected +0.4 to 53.7, Jan -0.4 to 53.3.
1000 ET Jan existing home sales expected +0.5% to 5.60 million, Dec -3.6% to 5.57 million.
1130 ET Treasury auctions $15 billion 2-year floating-rate notes.
1300 ET Treasury auctions $35 billion 5-year T-notes.
1400 ET Minutes of the Jan 30-31 FOMC meeting.
JPN 0030 ET Japan Jan nationwide department store sales, Dec -0.6% y/y.
FRA 0300 ET France Feb Markit manufacturing PMI expected -0.4 to 58.0, Jan -0.4 to 58.4. Feb Markit services PMI expected -0.2 to 59.0, Jan +0.1 to 59.2.
GER 0330 ET German Feb Markit/BME manufacturing PMI expected -0.6 to 60.5, Jan -2.1 to 61.1. Feb Markit services PMI expected -0.3 to 57.0, Jan +1.5 to 57.3.
EUR 0400 ET Eurozone Feb Markit manufacturing PMI expected -0.4 to 59.2, Jan -1.0 to 59.6. Feb Markit composite PMI expected -0.4 to 58.4, Jan +0.7 to 58.8.
UK 0430 ET UK Jan jobless claims change, Dec +8,600. Jan claimant count rate, Dec 2.4%.
0430 ET UK Dec ILO unemployment rate expected unch at 4.3% for the 3-months through Dec, previous 4.3% for the 3-months through Nov.
0430 ET UK Jan Dec average weekly earnings expected +2.5% 3-mo avg y/y, Nov+2.5% 3-mo avg y/y. Dec weekly earnings ex-bonus expected +2.4% 3-mo avg y/y, Nov +2.4% 3-mo avg y/y.
0430 ET UK Jan public sector net borrowing expected -11.4 billion pounds, Dec +1.0 billion pounds.
CHI n/a Chinese markets closed for week-long Lunar New Year holiday.
Commodity Calendar – Wednesday 2/21/2018
2/21/2018 15:00 USDA Total Milk Production Jan — 18043m
2/22/2018 10:30 EIA Working Natural Gas Implied Flow 16-Feb -121 -194
2/22/2018 10:30 EIA Natural Gas Storage Change 16-Feb -121 -194
2/22/2018 11:00 DOE Total Fuel Ethanol Inventory 16-Feb — 22885k
2/22/2018 11:00 DOE Fuel Ethanol Total Production 16-Feb — 1016k
2/22/2018 11:00 DOE U.S. Crude Oil Inventories 16-Feb 3000k 1841k
2/22/2018 11:00 DOE Cushing OK Crude Inventory 16-Feb — -3642k
2/22/2018 11:00 DOE U.S. Gasoline Inventories 16-Feb 1500k 3599k
2/22/2018 11:00 DOE U.S. Distillate Inventory 16-Feb -1000k -459k
2/22/2018 11:00 DOE U.S. Refinery Utilization 16-Feb -0.90% -2.70%
2/22/2018 11:00 DOE Crude Oil Implied Demand 16-Feb — 17896
2/22/2018 11:00 DOE Gasoline Implied Demand 16-Feb — 9698
2/22/2018 11:00 DOE Distillate Implied Demand 16-Feb — 5112.6
2/22/2018 15:00 USDA Red Meat Production Jan — 0.00%
2/22/2018 15:00 Cold Storage- Beef Jan — 489.5m
2/22/2018 15:00 Cold Storage – Pork Bellies Jan — 39.7m
2/22/2018 15:00 Cold Storage-Poultry Jan — 1199.5m
2/22/2018 15:00 Cold Storage-Total Pork Jan — 490.8m