On the U.S. economic calendar this week, we’ll get new figures on the housing market, consumer confidence, durable goods orders, and the updated estimate of 4th quarter GDP, along with personal spending & income. The consensus forecasts are that personal income and spending increased 0.4% and 0.2%, respectively, in January while durable goods orders declined 1.6%.
In overseas developments, President Trump makes his first visit to India this week while in Europe “EU governments will make a final push this week to toughen the bloc’s negotiating position ahead of the opening of trade talks with the UK,” the Financial Times reports. In Germany, new figures are due out on business sentiment, GDP, unemployment, and consumer price inflation, while Japan releases a batch of data covering industrial production, retail sales, and unemployment. And on Wednesday, ReMA hosts a members-only webinar on the potential impacts of the coronavirus on the scrap recycling industry. Have a great week!
