The Day Ahead 20th Feb 25

Thursday February 20

Data: US February Philadelphia Fed business outlook, January leading index, initial jobless claims, China 1-yr and 5-yr loan prime rates, Japan January national CPI, Germany January PPI, France January retail sales, Eurozone December construction output, February consumer confidence, Canada January industrial product price index, raw materials price index, Denmark Q4 GDP

Central banks: Fed's Goolsbee, Musalem, Barr and Kugler speak, ECB's Makhlouf and Nagel speak

Earnings: Walmart, Alibaba, Booking, Schneider Electric, Airbus, MercadoLibre, NetEase, Cheniere Energy, Mercedes-Benz, Block, Quanta Services, Newmont, Lloyds Banking, Anglo American, Live Nation Entertainment, Cameco, Leonardo, Renault, Lenovo, Rivian

Auctions : US 30-year TIPS (9bn)

Other: G-20 foreign ministers meeting through February 21

This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.