US 0700 ET Weekly MBA mortgage applications, previous +2.7% with purchase sub-index +6.2% and refi sub-index -1.2%.
0800 ET NY Fed President Dudley (voter) speaks in Puerto Rico.
0800 ET Atlanta Fed President Raphael Bostic (voter) speaks on the economic outlook in Fort Lauderdale, Florida.
0815 ET Feb ADP employment change expected +200,000, Jan +234,000.
0830 ET Revised Q4 non-farm productivity expected unrevised at -0.1%. Revised Q4 unit labor costs, previous +2.0%.
0830 ET Jan trade balance expected -$55.1 billion, Dec -$53.1 billion.
1030 ET EIA weekly Petroleum Status Report.
1400 ET Fed Beige Book.
1500 ET Jan consumer credit expected +$18.0 billion, Dec +$18.447 billion.
JPN 0000 ET Japan Jan leading index CI expected -0.9 to 106.5, Dec -0.9 to 107.4. Jan coincident index expected -4.9 to 115.3, Dec +2.3 to 120.2.
1850 ET Revised Japan Q4 GDP expected +1.0% (q/q annualized), previous +0.5% (q/q annualized). Revised Q4 GDP deflator, previous unch y/y.
2330 ET Japan Feb bankruptcies, Jan +4.95% y/y.
UK 0330 ET UK Feb Halifax house prices expected +0.4% m/m and +1.6% 3-mo/year-over-year, Jan -0.6% m/m and +2.2% 3-mo/year-over-year.
1901 ET UK Feb RICS house price balance expected 7%, Jan 8%.
EUR 0500 ET Revised Eurozone Q4 GDP, previous +0.6% q/q and +2.7% y/y.
CAN 0830 ET Canada Q4 labor productivity expected +0.1% q/q, Q3 -0.6% q/q.
1000 ET BOC announces interest rate decision, expected no change to the 1.25% benchmark rate.
CHI n/a China Feb trade balance expected -$7.05 billion, Jan +$20.35 billion. Feb exports expected +11.0% y/y, Jan +11.1% y/y. Feb imports expected +8.0% y/y, Jan +36.8% y/y.
Commodity Calendar – Wednesday 3/7/2018
3/7/2018 10:30 DOE Total Fuel Ethanol Inventory 2-Mar — 22979k
3/7/2018 10:30 DOE Fuel Ethanol Total Production 2-Mar — 1044k
3/7/2018 10:30 DOE U.S. Crude Oil Inventories 2-Mar — 3019k
3/7/2018 10:30 DOE Cushing OK Crude Inventory 2-Mar — -1218k
3/7/2018 10:30 DOE U.S. Gasoline Inventories 2-Mar — 2483k
3/7/2018 10:30 DOE U.S. Distillate Inventory 2-Mar — -960k
3/7/2018 10:30 DOE U.S. Refinery Utilization 2-Mar — -0.30%
3/7/2018 10:30 DOE Crude Oil Implied Demand 2-Mar — 17134
3/7/2018 10:30 DOE Gasoline Implied Demand 2-Mar — 9395.7
3/7/2018 10:30 DOE Distillate Implied Demand 2-Mar — 4813.1