Economic calendar - top five things to watch this week

 Economic calendar , Will monitor the markets for any important developments on the trade front, the U.S. - China this week, where the two sides reaching an agreement before the deadline on Friday. Expected to rise tariffs on China's imports from China amounting to $ 200 million to 25% from 10% if agreement is not reached by the first of March.

Besides trade, there will be important testimony from Fed Chairman Jerome Powell, who appears on Tuesday and Wednesday before congressional committees about the economy and monetary policy.

Several important economic reports were also expected, with GDP in the fourth quarter, which was delayed by the government's 35-day closure, and the list was issued.

Represents the next week another big week of earnings season fourth quarter in Wall Street, where advertising for such names as Home Depot (NYSE: HD) and Macy's (NYSE: M).

The summit would be, too, between U.S. President Donald Trump and the leader of North Korean Kim Jong Un on Wednesday and Thursday in Vietnam on the agenda.

Elsewhere, in Europe, market participants will focus on eurozone inflation indices, which may shed further light on the ECB's monetary policy prospects.

Brexit will also engage minds as British Prime Minister Theresa Mae faces another parliamentary vote on the exit package she agreed with the European Union last year.

By next week, the Investing.com compiled a list of the top five events on the economic calendar that is likely to affect the markets.

1. Deadline for trade between the United States and China

Will meet negotiators the Americans and the Chinese again in Washington on Sunday, which is the seventh consecutive day of talks between the two largest economies in the world, where they compete on an agreement before the deadline set by President Trump in the first of March.

Said an industry source briefed on the talks said the two sides trimmed their differences on intellectual property rights, access to markets and the narrowing of the US trade deficit with China by about $ 400 million. But there are still significant differences in changes on the treatment of Chinese state-owned enterprises, financial subsidies, technology transfers, forced, and e-commerce.

Scheduled to leave the Chinese delegation to Beijing on Monday, according to a person familiar with their plans.

Trump said on Friday that there was "a very good chance" to reach an agreement and it tends to extend the deadline for the tariffs in the first of March, and soon meet with Chinese President Xi Jinping.

2. Federal Reserve Chairman Powell is testifying.

Federal Reserve Chairman Jerome Powell will present the semi-annual monetary policy certificate on the economy to the Senate and House committees in Washington, D.C.

It is planned to make Powell testify on the economy before the Senate Banking Committee at 10:00 AM Eastern Time (15:00 GMT). On Wednesday, he will appear before the House Financial Services Committee, also at 10 a.m. Eastern Time.

Will monitor comments Paul closely for any new ideas about his views about the economy and how they can affect monetary policy in the coming months.

After the Fed raised interest rates four times in 2018, investors are expected now to sign the US central bank's monetary tightening policy this year with the growing risks to the US economy.

3. American gross domestic product (GDP) for the fourth quarter

Investors are watching the preliminary reading for growth in the fourth quarter of the year in the United States at 8:30 a.m. Eastern Time (13:30 GMT) on Thursday in search of signs of new on the strength of the economy.

It is expected that the data show, which was scheduled originally on January 30, but delayed the closure of the government, that the economy had expanded at an annual rate of 2.4% in the last three months of 2018, to grow by 3.4% in the previous quarter. .

This week's calendar also includes data on personal income and expenditure, which includes figures for inflation in personal consumption (PCE), the preferred measure of the Federal Reserve for inflation.

Other high-level economic data this week include the CB Consumer Confidence Report, as well as the latest ISM survey on service sector activity.

4. Retailers highlight the last big week of profits.

While the 13 companies only from Standard & Poor's scheduled announcement of its financial results this week, the retailers are just starting in what will be another big wave of earnings season the fourth quarter.

Home Depot and Macy's unofficially turn things off when they report on Tuesday. The results of each of: Lowe (NYSE: LOW), and TJX announced (NYSE: TJX announced) and L Brands (NYSE: LB) and Best Buy (NYSE: BBY) on the agenda on Wednesday. Nordstrom (NYSE: JWN) and JCPenney (NYSE: JCP) and Gap (NYSE: GPS) after the results of Sunday; whereas access to Foot Locker (NYSE: FL) on Friday morning.

Among the notable names that have been announced this week also Square (NYSE: SQ) and Dell Technologies (NYSE: DELL) and HP (NYSE: HPQ), and Box (NYSE: BOX) and Palo Alto Networks (NYSE: PANW) and Workday (NASDAQ: WDAY), a Shake Shack (NYSE: SHAK), Etsy (NASDAQ: ETSY), and AutoZone (NYSE: AZO), the Booking Holdings (NASDAQ: BKNG), Campbell Soup (NYSE: CPB), and SeaWorld (NYSE: SEAS ), Korea treatment of Dr Pepper (NYSE: KDP).
5. Inflation in the euro zone Flash

Will the euro area published numbers, rapid inflation for the month of February at 5:00 a.m. Eastern Time (10:00 GMT) on Friday.

The agreed forecast is that the report will show a 1.5% rise in consumer prices, faster than 1.4% in the previous month, but still targets the ECB target at just under 2%.

Perhaps most importantly, that the main figure, without energy and food prices remain volatile, remain steady at 1.1%, unchanged from the previous month.

Germany, France, Italy and Spain will issue their CPI reports over the course of the week.

Approved by the European Central Bank last month that growth in the euro area is likely to be weaker than expected before, although it stuck to its guidance that it intends to raise interest rates later this year for the first time in a decade.