Monday: December Factory Orders data will see light in Germany – Analysts see the annual gain here jump from +3.0% to +4.2%.

Tuesday: December Industrial Production data will see light in Germany. In the U.K., January’s Halifax House Prices data will see light, having recently stabilized from the negative Brexit vote impact. In the U.S., December Trade Balance data will see light. January’s Consumer Price Index data will see light in Russia, where analysts expect a moderation of annual inflation to 5.1%

Wednesday: The Bank of Japan will release December Current Account Balance data. In the U.S., the weekly MBA Mortgage Applications will see light. January Housing Starts data will see light in Canada.

Thursday: December Machine Orders data will see light in Japan. December Trade Balance will see light in Germany, which continues to show strength amid the weak Euro. In the U.S., the weekly Initial Jobless Claims will see light, as will the final estimate of December’s Wholesale Inventories. Twitter (TWTR) will release Q4’s earnings data.

Friday: January Producer Price Index data will see light in Japan, where analysts expect leveling at 0.0% Year over Year, vs. a current 1.2% annual contraction of prices. December’s Tertiary Industry Index will also be released in Japan. In France, December Industrial Production Index data will see light. In the U.K., December Industrial Production data will be released. January’s Unemployment is scheduled to see light in Canada. In the U.S., the preliminary estimate of the University of Michigan’s Consumer Sentiment Index will see light, as will January’s Monthly Budget Statement.

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