The week will begin with the release of flash services PMI and flash manufacturing PMI data for the eurozone, the U.K., and the U.S. BoE Governor Andrew Bailey will discuss the U.K. economy at a lecture, although market volatility is not anticipated.

Japan will release minutes from its monetary policy meeting and BoJ core CPI data. In the U.S., focus will be on CB consumer confidence, new home sales, and the Richmond manufacturing index.

Australia will publish CPI figures, and in the U.K., inflation data and the annual budget will be highlighted. The U.S. will also see durable goods orders released on Wednesday.

On Thursday, final GDP figures and pending home sales will be published in the U.S. Friday’s releases include Tokyo’s core CPI, U.K. retail sales, and Canadian GDP. The U.S. will report on core PCE price index, personal income, and spending data.

The consensus for CB consumer confidence in the U.S. is expected at 94.2, down from 98.3. Analysts indicate that consumer sentiment may reflect economic conditions, with declines potentially signalling weakened growth.

Australia’s CPI rose by 2.5% year-on-year in January. Electricity prices increased by 8.9% within the same period, attributed to the end of a state rebate.

In the U.K., CPI is expected to decline marginally to 2.9%. Overall CPI trends suggest reaching around 4% by the second half of the year, despite short-term influences from the annual budget.

For durable goods in the U.S., orders are forecasted to decline by 0.6% after a previous increase. Analysts indicated rising imports have influenced GDP estimates, despite a cautious manufacturing outlook.

Tokyo’s core CPI is projected at 2.2%, with stable core inflation expected. The BoJ maintained interest rates at 0.50%, affirming its inflation target while acknowledging uncertainties.

The U.S. consensus for core PCE is 0.3%, with personal income and spending forecasted to rise by 0.4% and 0.6% respectively. A 0.3% increase in core PCE may influence future Fed interest rate decisions.

The upcoming days present a structured sequence of economic data releases spanning multiple regions, providing clear indicators on where growth, inflation, and consumer sentiment are heading. With numbers for manufacturing and service sector performance set to land early in the week, there will be an immediate sense of direction regarding business activity across the eurozone, the United Kingdom, and the United States. Although Bailey is scheduled to comment on the broader state of the British economy, expectations of major policy shifts remain low.

Japan’s central bank will release meeting minutes along with core inflation figures, which will offer a retrospect on policymakers’ thinking. Meanwhile, in the United States, consumer confidence, housing data, and manufacturing sentiment will be assessed. These figures will determine whether spending and production retain momentum or exhibit signs of softening.

Australia’s latest inflation reading remains of interest, especially after January’s 2.5% annual rise. A pronounced increase in electricity prices was a key contributor, driven by the expiry of prior government support. Whether such pressures persist will shape market pricing of rate expectations. The UK’s inflation update is projected to indicate a slight moderation, with consumer prices expected to ease to 2.9%. That said, broader trends place the annual figure around 4% by mid-year. The national budget’s influence will be temporary but should not be dismissed entirely.

By midweek, US durable goods data will attract attention. A fall of 0.6% follows a prior rise, suggesting a mixed picture for the manufacturing sector. Despite concerns, imports have had a material effect on GDP estimates, reinforcing a complex near-term outlook.

Japanese inflation remains steady, with Tokyo’s core CPI forecast at 2.2%. No deviation from the Bank of Japan’s 0.50% interest rate policy has been seen, reinforcing confidence in the inflation framework. Still, uncertainty lingers, particularly in the face of shifting global trends.

US personal income and spending are anticipated to show continued gains, with respective increases of 0.4% and 0.6%. Core PCE inflation—the measure closely monitored by policymakers—carries a consensus forecast of 0.3%. If realised, such a figure would provide clarity on the trajectory of monetary policy, particularly as debates regarding rate changes persist.

Each of these data points contributes to a clearer picture of both regional and global economic conditions. The results of these releases, depending on how they align with expectations, will dictate upcoming adjustments in pricing and positioning.