Articles
21 February 2020

Key events in developed markets next week

In the midst of heightened worries about coronavirus and the global state of the economy, confidence numbers will be key next week

US: Confidence is key

Next week, consumer confidence will be the most interesting releases in the US to see if global coronavirus worries are having any influence on sentiment. At this stage, we suspect the impact will be limited given the strong jobs market and the strong performance of asset prices.

Durable goods orders are likely to be weaker as supply chains are increasingly disrupted by the slowdown in factory production in Asia. The cessation of Boeing 737 Max production in mid-January is also likely to exert a toll. GDP is unlikely to be revised significantly.

Eurozone: Keep an eye out for economic sentiment

The economic sentiment indicator should provide some interesting early data on the impact of the virus on confidence and Eurozone production in different sectors.

Developed Markets Economic Calendar

*Updated 21/02/2020 to reflect typo with Eurozone inflation and Sweden GDP

Source: ING, Bloomberg
ING, Bloomberg
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