1. Healthcare

North American Calendar: February 2 – February 6
Canada
Monday February 2
9:30 am
Jan.
Dec.
RBC Manufacturing PMI
53.9
Conference Board’s Consumer
Confidence Index D
Jan.
Dec.
88.9
Tuesday February 3
8:30 am
Dec. (e)
Nov.
Industrial
Product
Price Index
-0.5%
-0.4%
Raw
Materials
Price Index
-8.0%
-5.8%
Wednesday February 4
10:00 am
Jan.
Dec.
Thursday February 5
Ivey Purchasing Managers’ 8:30 am
Index (s.a.)
Dec. (e)
Merchandise Trade Balance
-$1.2 bln
8:30 am
Jan. (e)
Employment
+6,000 (+0.03%)
55.4
-$0.6 bln
Dec.
-11,300 (-0.1%)
8:30 am
Jan. (e)
Unemployment Rate
6.7%
Consensus -$1.1 bln
Nov.
Auto Sales D
Jan.
Dec.
+16.1% y/y
United States
Dec. (e)
Personal
Income
+0.3%
Personal
Spending
-0.2%
Nov.
+0.4%
+0.6%
8:30 am
Dec. (e)
Core PCE Deflator
+0.1%
+1.4% y/y
Nov.
unch
Consensus +0.2%
Consensus unch
-0.2%
+1.3% y/y
7:45 am
8:55 am
9:45 am
Jan. (e)
Dec.
Retail Economist-GS Same- 7:00 am
Store Sales – Jan 31st week Jan. 30
Jan. 23
Johnson Redbook Samest
Store Sales – Jan 31 week 8:15 am
New York ISM
60.0
70.8
+1.4% y/y
10:00 am Factory Orders
-1.5%
9:45 am
Markit Manufacturing PMI Dec. (e)
Consensus -2.0%
(Jan. F)
Nov.
-0.7%
10:00 am Manufacturing ISM
10:00
am
IBD/TIPP
Economic
PMI
Prices Paid
Optimism Index
Jan. (e)
54.5
36.0
Feb. (e)
51.4 C
Consensus 54.8
40.0
Jan.
51.5
Dec.
55.1
38.5
Total Vehicle Sales D
10:00 am Construction Spending
Jan. (e)
17.0 mln a.r.
Dec. (e)
+0.6%
Consensus +0.8%
Nov.
-0.3%
MBA Mortgage Apps
-3.2%
Jan. (e)
ADP National
Employment Report
+220,000
8:30 am
Initial Claims
Jan. 31 (e) 289k (+24k) C
Jan. 24
265k (-43k)
Dec.
+241,000
Continuing Claims
10:00 am
Jan. (e)
Nonmanufacturing ISM
56.5
8:30 am
Jan. 24
Jan. 17
8:30 am
Dec.
56.5
Q4 P (e)
Productivity Unit Labour
Costs
unch
+2.0% a.r.
Q3
+2.3% a.r.
8:30 am
Consensus +220,000
Consensus 56.5
C
= consensus
D
= date approximate
Fed Speakers: St. Louis’ Bullard (10:00 am);
Minneapolis’ Kocherlakota (11:45 am)
11:30 am 4-week bill auction
11:30 am 52-week bill auction
$25.0 bln
Average Hourly Wages
+1.9% y/y
+1.8% y/y
8:30 am
Dec. (e)
Nov.
Building Permits
+5.0%
-13.8%
8:30 am
Jan. (e)
Nonfarm Payrolls
+230,000
Dec.
+252,000
8:30 am
Jan. (e)
Unemployment Rate
5.6%
Consensus +231,000
+6.6% y/y
Consensus 5.6%
5.6%
8:30 am
Jan. (e)
Average Hourly Earnings
+0.3%
Dec.
-0.2%
8:30 am
Dec. (e)
Goods & Services
Trade Deficit
$38.0 bln
Annual Establishment
Employment Survey
Revisions
3:00 pm
Dec. (e)
Consumer Credit
+$16.0 bln
Nov.
$39.0 bln
Nov.
+$14.1 bln
9:45 am
Bloomberg Consumer
Comfort Index
2,385k (-71k)
+1.0% a.r.
-1.0% a.r.
Consensus $38.0 bln
Fed Speakers: Governor Powell (10:00
am); Cleveland’s Mester (12:45 pm)
8:30 am 3- & 10-year note, 30-year
bond auction
announcements
6.7%
8:30 am
Jan. (e)
Dec.
Dec.
Feb. 1
Jan. 25
11:00 am 4-week bill auction
announcement
11:30 am 13- & 26-week bill auction
$52.0 bln
Challenger Layoff Report
Consensus +0.9% a.r.
16.8 mln a.r.
Dec.
2-year bond auction announcement
7:30 am
Jan.
Dec.
Consensus 16.8 mln a.r.
Dec.
Consensus +5,000 (+0.03%)
Consensus 6.7%
12:05 pm 30-year bond auction
$1.4 bln (new cash $1.4 bln)
8:30 am
Friday February 6
Consensus +0.3%
Consensus +$15.0 bln
47.3
Fed Speaker:
Boston’s Rosengren (5:00 am)
11:00 am 13- & 26-week bill auction
announcements
Fed Speaker:
Atlanta’s Lockhart (12:45 pm)
Upcoming Policy Meetings | Bank of Canada: Mar. 4, Apr. 15, May 27 | FOMC: Mar. 17-18, Apr. 28-29, June 16-17
Global Calendar: February 2 – February 6
Japan
EURO AREA
Manufacturing PMI
Jan. F (e) 51.0
Dec.
50.6
U.K.
Manufacturing PMI
Jan. F (e) 52.1
Dec.
52.0
Euro Area
Monday February 2
Tuesday February 3
Wednesday February 4
Thursday February 5
Leading Index
Dec. P (e) 105.4
Nov.
103.9
Composite PMI
Jan.
Dec.
51.9
Services PMI
Jan.
Dec.
51.7
Manufacturing PMI
Jan. (e)
52.7
Dec.
52.5
EURO AR
Producer Price Index
Dec. (e)
-0.7%
Nov.
-0.3%
ITALY
Consumer Price Index
Jan. P (e) -2.4%
Dec.
unch
EA
-2.5% y/y
-1.6% y/y
-0.4% y/y
-0.1% y/y
Construction PMI
Jan. (e)
57.0
Dec.
57.6
EURO AREA
Composite PMI
Jan. F (e) 52.2
Dec.
51.4
Services PMI
Jan. F (e) 52.3
Dec.
51.6
Retail Sales
Dec. (e)
unch
Nov.
+0.6%
+2.0% y/y
+1.5% y/y
EURO AREA
Retail PMI
Jan.
Dec.
47.6
GERMANY
Factory Orders
Dec. (e)
+1.5%
+0.7% y/y
Nov.
-2.4%
-0.4% y/y
ECB Monthly Report
Composite PMI
Jan. (e)
55.5
Dec.
55.2
Other
Bank of England Monetary Policy Meeting (Feb. 4-5)
CHINA
HSBC Manufacturing PMI
Jan. F (e) 49.8
Dec.
49.6
AUSTRALIA
Trade Deficit
Dec. (e)
A$850 mln
Nov.
A$925 mln
Manufacturing PMI D
Jan. (e)
50.2
Dec.
50.1
Building Approvals
Dec. (e)
-5.0%
+5.6% y/y
Nov.
+7.5%
+10.1% y/y
Reserve Bank of Australia
Monetary Policy Meeting
INDIA
Reserve Bank of India
Monetary Policy Meeting
Nonmanufacturing PMI D
Jan.
Dec.
54.1
= date approximate
CHINA
HSBC PMI Composite Services
Jan.
Dec.
51.4
53.4
NEW ZEALAND
Employment
Q4 (e)
+0.8%
+3.0% y/y
Q3
+0.8%
+3.2% y/y
GERMANY
Industrial Production
Dec. (e)
+0.4%
-0.3% y/y
Nov.
-0.1%
-0.5% y/y
FRANCE
Trade Deficit
Dec. (e)
€3.3 bln
Nov.
€3.2 bln
Dec. (e)
Nov.
Services PMI
Jan. (e)
56.3
Dec.
55.8
D
Friday February 6
AUSTRALIA
Retail Sales
Dec. (e)
+0.3%
Nov.
+0.1%
Upcoming Policy Meetings | ECB: Mar. 5, Apr. 15, June 3, July 16, Sep. 3, Oct. 22, Dec. 3
Trade Deficit
£9.1 bln
£8.8 bln
Non-EU
£3.0 bln
£2.6 bln
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