US 0830 ET Weekly initial unemployment claims expected unch at 230,000, previous +7,000 to 230,000. Weekly continuing claims expected -7,000 to 1.935 million, previous +15,000 to 1.942 million.
1000 ET Jan leading indicators expected +0.7%, Dec +0.6%.
1100 ET Feb Kansas City Fed manufacturing activity expected +2 to 18, Jan +3 to 16.
1100 ET EIA weekly Petroleum Status Report.
1300 ET Treasury auctions $29 billion 7-year T-notes.
1500 ET USDA Jan Cold Storage.
FRA 0245 ET France Feb business confidence expected unch at 110, Jan -2 to 110.
0245 ET Revised France Jan CPI (EU harmonized), prelim-Jan -0.1% m/m and +1.5% y/y.
GER 0400 ET German Feb IFO business climate expected -0.6 to 117.0, Jan +0.4 to 117.6. Feb IFO current assessment expected -0.7 to 127.0, Jan +2.2 to 127.7. Feb IFO expectations expected -0.5 to 107.9, Jan -1.0 to 108.4.
ITA 0400 ET Italy Dec industrial sales, Nov +1.3% m/m and +5.1% y/y. Dec industrial orders, Nov +0.3% m/m and +8.9% y/y.
UK 0430 ET UK Dec index of services expected unch m/m and +0.5% 3-mo/3-mo, Nov +0.4% m/m and +0.4% 3-mo/3-mo.
0430 ET Revised UK Q4 GDP, previous +0.5% q/q and +1.5% y/y.
0600 ET UK Feb CBI retailing reported sales expected +2 to 14, Jan -8 to 12.
CAN 0830 ET Canada Dec retail sales expected -0.1% and unch ex autos, Nov +0.2% and +1.6% ex autos.
JPN 1830 ET Japan Jan national CPI expected +1.3% y/y, Dec +1.0% y/y. Jan national CPI ex fresh food expected +0.8% y/y, Dec+0.9% y/y. Jan national CPI ex fresh food & energy expected +0.3% y/y, Dec +0.3% y/y.
1850 ET Japan Jan PPI services expected +0.8% y/y, Dec +0.8% y/y.
Commodity Calendar – Thursday 2/22/2018
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