Greece Lightning

Highlights This Week

+  Investors will continue to watch the outcome of the Greek negotiations. Traders will also be looking to the latest FOMC Minutes, while earnings season continues to wind down with only 1 of the 30 Dow components reporting during the holiday shortened week

+  Meetings between Greece and European Finance Minister’s will conclude on Monday (2/17). The latest on the meetings are that the sides are deadlocked as to renegotiating Greece’s debt. With Greece’s current bailout ending at the end of the month, we will have to wait to see which side budges on their demands  

+  On Tuesday (2/17), firms with assets over $100M have to file their December 31st positions. With this, large institutions and well known activists firms have to disclose their position. If an activist discloses an unexpected position in an individual stock, expect a potential move in reaction to the disclosure

+  On Wednesday (2/18), the latest FOMC Minutes are released. Investors will be looking closely at the language to see what may have changed from the previous FOMC minutes. In particular, investors will be focusing on any hints at the Fed’s schedule for raising interest rates

+  On Friday (2/19) multiple countries around the globe report Flash Manufacturing PMI which includes China, Japan, Germany, and France. The results of these reports could put further strain on oil and other commodities which have fallen drastically in recent months

+  Chinese markets will be closed from Wednesday, February 18th to Tuesday, February 24th in observance of the Spring Festival or Chinese New Year. Expect businesses in China to come to a crawl over this period. Additionally, no economic data will be released during this time affecting global markets

+  We have a heavy economic data filled week with Housing Starts, Building Permits, Philadelphia Fed and Industrials Production among the key data driven points

 

MONDAY (2/16)

  • US banks will be closed in observance of Presidents' Day
  • Japan Preliminary GDP
  • Eurogroup Meetings

 

TUESDAY (2/17)

  • 8:30 AM ET – Empire Manufacturing - Feb  
  • Great Britain CPI
  • German ZEW Economic Sentiment
  • Swiss National Bank Chairman Thomas Jordan speaks
  • Earnings: Devon Energy, Waste Management, Vornado Realty Trust

 

WEDNESDAY (2/18)

  • 8:30 AM ET – Housing Starts – Jan
  • 8:30 AM ET – Building Permits – Jan
  • 8:30 AM ET – PPI – Jan
  • 8:30 AM ET – Industrial Production – Jan
  • 8:30 AM ET – Capacity Utilization – Jan
  • 2:00 PM ET – FOMC Minutes – Jan
  • New Zealand GDT Price Index
  • Bank Of Japan Monetary Policy Statement
  • Bank of England Monetary Policy Committee Bank Rate Votes
  • Canada Wholesale Sales
  • Federal reserve Governor Jerome Powell speaks
  • Chinese banks will be closed in observance of the Spring Festival
  • Earnings: Actavis, Duke Energy, Hilton

 

THURSDAY (2/19)

  • 8:30 AM ET - Weekly Jobless Claims
  • 10:00 AM ET – Philadelphia Fed - Feb
  • 10:00 AM ET – Leading Indicators - Jan
  • 11:00 AM ET – Crude Oil Inventories 
  • Deutsche Bundesbank President Jens Weidmann speaks
  • Chinese banks will be closed in observance of the Spring Festival
  • Switzerland Trade Balance
  • Earnings: Wal-Mart, Priceline, DIRECTV, Intuit

 

FRIDAY (2/20)

  • Chinese banks will be closed in observance of the Spring Festival
  • Japan Flash Manufacturing PMI
  • European Flash Manufacturing PMI
  • European Flash Services PMI
  • Great Britain Retail Sales
  • Canada Core Retail Sales
  • Earnings: Enbridge, Deere