• Coca-Cola, AIG, Cisco, L'Oreal, SocGen, Tesla report earnings
  • Fed's Yellen testifies before Senate Banking Committee

Retail sales in the U.S., where consumer spending accounts for almost 70 percent of the 

U.S. retail sales
U.S. retail sales
Source: Bloomberg Data

economy, probably rose in January after a decline a month earlier underscored soft consumer demand, economists project the Commerce Department will report.

In the U.S. presidential election, attention shifts to the state of New Hampshire, which holds the first-in-the-nation primary.

Federal Reserve Chair Janet Yellen appears before the U.S. Congress for two days of testimony.

Sweden and Chile are among countries setting monetary policy.

The Chinese New Year holiday shuts down the world’s second-largest economy for a week, and Brazil’s Carnival takes place.

Companies releasing earnings include American International Group Inc., Cisco Systems Inc., Coca-Cola Co., Commerzbank AG, Christian Dior SE, Heineken NV, Nokia Oyj, Renault SA, Societe Generale SA and Tesla Motors Inc.

The National Football League hosts Super Bowl 50, which will be played in Santa Clara, California. The RBS 6 Nations international rugby championship begins in Europe.


-Brazil’s Carnival takes place before the beginning of Lent. Rio de Janeiro and Salvador 

Members of Vila Isabel samba school perform during its parade at Brazilian Carnival.
Members of Vila Isabel samba school perform during its parade at Brazilian Carnival.
Photographer: Buda Mendes/Getty Images

stage some of the biggest festivities. Through Feb. 9.

-The RBS 6 Nations rugby championship begins as France takes on Italy in Paris and Scotland plays England in Edinburgh. Ireland faces Wales in Dublin on Feb. 7, and second-round matches take place next weekend. Click here for the schedule. Through March 19.


-German Chancellor Angela Merkel and French President Francois Hollande dine with European Parliament President Martin Schulz in Strasbourg, France, to discuss European affairs before the Feb. 18-19 summit of European Union leaders.

-Super Bowl 50 is played at Levi’s Stadium in Santa Clara, California. This year’s contest pits the Carolina Panthers against the Denver Broncos. This is the Broncos’ eighth appearance in the big game and the Panthers’ second. 15:30 local time. (18:30 EST).

-ECONOMY: China foreign-exchange reserves (Jan.), Egypt foreign reserves (Jan.), Israel foreign-currency balance (Jan.).


-The annual Credit Suisse Financial Services Forum is held in Miami, bringing together banks, investment banks, financial exchanges, insurers, asset managers and mortgage companies. Speakers include Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein, BlackRock Inc. Chief Financial Officer Gary Shedlin, Greenhill & Co. CEO Scott Bok, Discover Financial Services CFO Mark Graf and Citigroup Inc.’s Naveed Sultan, global chief of treasury and trade solutions . Through Feb. 10.

-Bank of Canada Deputy Governor Timothy Lane will speak at the HEC Montréal business school at 12:00 EST. The remarks will be published on the bank’s website at 11:50.

-New England’s power-grid operator, ISO New England Inc., will hold an auction to secure power-supply commitments from electricity generators for the delivery year beginning June 1, 2019. 08:00 EST in Holyoke, Massachusetts.

-Dutch Finance Minister Jeroen Dijsselbloem is among the speakers at a conference in Amsterdam. 12:00 CET (06:00 EST).

-The U.S. Energy Information Administration releases its monthly Drilling Productivity Report, showing estimates for oil and gas output from the biggest shale formations. 14:00 in Washington.

-The Investing in African Mining Indaba conference in South Africa starts in Cape Town, with panels featuring Anglo American Plc CEO Mark Cutifani and Randgold Resources Ltd. CEO Mark Bristow.

-U.S. government bond auctions, Fed debt purchases. Click here for the schedule.

-U.S. initial public stock offerings. Click here for the schedule.

-CENTRAL BANKS: Israel minutes.

-ECONOMY: U.S. labor market conditions index (Jan.), Japan current account (Dec.), Japan wages data (Dec.), Japan economy watchers survey (Jan.), India GDP (fourth quarter), Spain industrial production (Dec.), Turkey industrial production (Dec.), Ukraine CPI (Jan.).

-EARNINGS: Cognizant Technology Solutions Corp., 21st Century Fox Inc., Hasbro Inc., Diamond Offshore Drilling Inc., Plains All-American Pipeline LP.


-New Hampshire holds the first primary in the 2016 U.S. presidential campaign. Iowa held the first caucus on Feb. 1.

-U.S. President Barack Obama sends his proposed budget for fiscal 2017 to Congress. The spending blueprint includes $7.5 billion for accelerating the campaign against Islamic State. Timing to be determined.

-The U.S. Senate Armed Services Committee hears testimony from Director of National Intelligence James Clapper and Defense Intelligence Agency Director Vincent Stewart on worldwide threats. 09:30 in Washington.

-The U.S. will lead the Cobra Gold multinational military drills in Thailand at a time of tensions between the Obama administration and the military junta that overthrew Thailand’s democratically elected government in May 2014. Troops and observers from about 10 other countries, including South Korea, Malaysia, Australia and the U.K. are expected to take part in the exercises, which last 11 days. Timing to be determined.

-International Petroleum Week starts in London. CEOs, executives and traders gather for conferences, meetings and cocktail parties in one of the global oil and gas industry’s biggest events. Through Feb. 11.

-Italian Foreign Minister Paolo Gentiloni hosts a meeting of the EU’s six founding nations to discuss possible reforms. Timing in Rome to be determined.

-The International Energy Agency publishes its monthly oil market report at 10:00 local time in Paris, including its latest estimates of supply and demand. (04:00 EST).

-The U.S. Department of Agriculture publishes its quarterly U.S. and state farm income and wealth statistics at 11:00, followed by its monthly World Agricultural Supply & Demand Estimates report at 12:00 in Washington.

-Bank of Spain Governor Luis Maria Linde speaks at a conference in London organized by the Official Monetary and Financial Institutions Forum. 11:00 (06:00 EST).

-The U.S. Energy Information Administration releases its monthly Short-Term Energy Outlook on oil, gas and power at 12:00 in Washington.

-ECONOMY: NFIB U.S. small-business optimism index (Jan.), U.S. job openings/labor turnover (Dec.), U.S. wholesale inventories (Dec.), Mexico inflation (Jan.), South Africa unemployment (fourth quarter), U.K. trade balance (Dec.), German trade balance (Dec.), Swiss unemployment rate (Jan.), Israel trade balance (Jan.), German industrial production (Dec.).

-EARNINGS: Coca-Cola Co., CVS Health Corp., Regeneron Pharmaceuticals Inc., Ingersoll-Rand Plc, Viacom Inc., Walt Disney Co., Akamai Technologies Inc., Moelis & Co., First Data Corp., America Movil SAB, Essar Oil Ltd., Agrium Inc., Svenska Handelsbanken AB, Sanofi, UniCredit SpA, Enel SpA.


-U.S. Federal Reserve Chair Janet Yellen will appear before the House Financial Services Committee on Feb. 10 and the Senate Banking Committee on Feb. 11 for two days of testimony, to deliver the Fed’s semi-annual Monetary Policy Report and answer questions from lawmakers. 10:00 in Washington. Through Feb. 11.

-U.S. President Barack Obama travels to Springfield, Illinois, to deliver a speech to the state legislature. He’s expected to speak on his 2017 budget and increased partisanship in the U.S., which he has acknowledged is a regret of his presidency. Timing to be determined.

-Federal Reserve Bank of San Francisco President John C. Williams delivers a keynote speech on health and the economy at the 2016 National Interagency Community Reinvestment Conference. 10:30 in Los Angeles (13:30 EST).

-North Atlantic Treaty Organization defense ministers begin a two-day meeting to discuss reinforcing the alliance’s eastern flank. Starts at 12:00 CET in Brussels (06:00 EST) and ends at 14:00 CET on Feb. 11.

-Acting Spanish Prime Minister Mariano Rajoy may meet Socialist leader Pedro Sanchez as part of talks to form a new government. Timing to be determined.

-German Chancellor Angela Merkel speaks at a rally of her Christian Democratic Union party, with Europe’s refugee crisis on the agenda. 18:00 CET in the town of Demmin (12:00 EST).

-The Organization of Petroleum Exporting Countries publishes its monthly oil market report, including members’ latest production figures. Timing to be determined.

-The U.S. Energy Information Administration releases its oil inventory report. 10:30 in Washington.

-ECONOMY: U.S. MBA mortgage applications (weekly), U.S. budget statement (Jan.), Portugal CPI (Jan.), Ghana CPI (Jan.), French industrial production (Dec.), Egypt inflation (Jan.), Russia weekly CPI (Feb. 8).

-EARNINGS: Time Warner Inc., Humana Inc., CenturyLink Inc., Cisco Systems Inc., Whole Foods Market Inc., Prudential Financial Inc., Expedia Inc., Tesla Motors Inc., Grupo Rotoplas SAB, Twitter Inc., Alfa SAB, Tullow Oil Plc, Showa Shell Sekiyu KK, AGL Energy Ltd., OZ Minerals Ltd., Pioneer Natural Resources Co., Akzo Nobel NV, Heineken NV, Carlsberg A/S, Telenor ASA, ARM Holdings Plc, Natixis SA, Sampo Oyj, Abertis Infraestructuras SA, A.P. Moeller-Maersk A/S.


-U.S. Federal Reserve Chair Janet Yellen will appear before the House Financial Services Committee on Feb. 10 and the Senate Banking Committee on Feb. 11 for two days of testimony, to deliver the Fed’s semi-annual Monetary Policy Report and answer questions from lawmakers. 10:00 in Washington. Through Feb. 11.

-The North American Energy Ministers Meeting is held in Winnipeg. U.S. Energy Secretary Ernest Moniz, Mexico Energy Secretary Pedro Joaquin Coldwell and Canada’s Minister for Natural Resources Jim Carrwill attend and discuss issues including energy collaboration and climate change. Through Feb. 12.

-Matt Brittin, head of Google Inc.’s Europe, Middle East and Africa business, and U.K. tax agency head Lin Homer will be appear before the House of Commons Public Accounts Committee to discuss Google’s agreement to pay the U.K. government 130 million pounds ($190 million) in back taxes. 09:30 in London (04:30 EST).

-Defense ministers in the U.S.-led coalition against Islamic State discuss potentially widening operations to Libya. U.S. Defense Secretary Ash Carter hosts the meeting at NATO’s headquarters in Brussels at 14:30 CET (08:30 EST).

-German Chancellor Angela Merkel speaks at a rally of her Christian Democratic Union party in the western state of Rhineland-Palatinate, where voters go to the polls on March 13. Event starts at 16:00 CET in Frankenthal (10:00 EST).

-Sweden’s central bank is seen lowering interest rates further below zero as policy makers struggle to revive inflation in the largest Nordic economy. The decision at 09:30 CET (03:30 EST) will be followed by a press conference.

-Westinghouse Electric Co. CEO Danny Roderick, Southern Nuclear Operating Co. CEO Stephen Kuczynski and Entergy Corp.’s president of wholesale commodities, Bill Mohl, are among those scheduled to attend a Nuclear Energy Institute briefing to analysts on 2016 priorities and challenges. 08:30 in New York.

-Euro-area finance ministers meet in Brussels. 15:00 CET (09:00 EST).

-South African President Jacob Zuma delivers his state of the nation address to lawmakers. 19:00 in Cape Town (12:00 EST).

-Iranian President Hassan Rouhani gives a speech marking the anniversary of the Islamic revolution, his first since completing the nuclear deal that opened the country to international investors. Timing to be determined.

-The U.S. Energy Information Administration releases its weekly natural gas inventory report. 10:30 in Washington.

-The U.S. Energy Information Administration releases its U.S. oil inventory report. 11:00 in Washington.

-The World Gold Council will publish a report on bullion demand in 2016, including country consumption and market trends.

-CENTRAL BANKS: Chile rate decision, Peru rate decision, Philippine rate decision, Serbia rate decision.

-ECONOMY: U.S. jobless claims (weekly), U.S. Bloomberg consumer comfort (weekly), Mexico industrial production (Dec.), South Africa manufacturing production (Dec.), RICS house-price balance (Jan.), Swiss CPI (Jan.), Turkey current-account balance (Dec.), Russia trade balance (Dec.), Hungary CPI (Jan.).

-EARNINGS: Reynolds American Inc., PepsiCo Inc., Molson Coors Brewing Co., Kellogg Co., American International Group Inc., Activision Blizzard Inc., CBS Corp., Dun & Bradstreet Corp., Nielsen Holdings Plc, Cenovus Energy Inc., TransCanada Corp., Thomson Reuters Corp., Pandora Media Inc., Zurich Insurance Group AG, Mediobanca SpA, Shire Plc, L’Oreal SA, Rio Tinto Plc, Total SA, Pernod Ricard SA, Societe Generale SA, Nokia Oyj.


-U.S. retail sales probably rose in January, economists project the Commerce Department will report, after a decline in December underscored soft consumer demand. 08:30 in Washington.

-U.S. Federal Reserve Bank of New York President William C. Dudley takes part in a press briefing examining trends in household borrowing and indebtedness. Afterward, he will join a panel of New York Fed economists and answer questions. 10:00 in New York City.

-The Munich Security Conference, a three-day international meeting of diplomatic and military officials, begins. Attendees include U.S. Secretary of State John Kerry, Russian Foreign Minister Sergei Lavrov, Ukrainian President Petro Poroshenko and Jordan’s King Abdullah. Syria, Iran and European defense are likely to be the key topics. Starts at 15:00 CET in Munich (09:00 EST).

-EU finance ministers meet in Brussels. 09:00 CET (03:00 EST).

-German Chancellor Angela Merkel and Polish Prime Minister Beata Szydlo meet for talks amid tension between the EU members over topics including the refugee crisis and media freedoms. Timing in Berlin to be determined.

-U.K. Prime Minister David Cameron gives a dinner speech that’s likely to focus on Britain’s role in the EU. German Chancellor Angela Merkel will also speak at the banquet, and the two leaders will hold bilateral talks. Starts at 20:00 CET in Hamburg (14:00 EST).

-Pope Francis begins a six-day trip to Mexico that includes a meeting with President Enrique Pena Nieto and a visit to the northern border city of Ciudad Juarez. Through Feb. 17.

-The South African Supreme Court of Appeal is due to hear the government’s appeal against a High Court decision that it had a duty to arrest to arrest Sudanese President Omar al-Bashir when he visited the country in June 2015. 10:00 in Bloemfontein (03:00 EST).

-The U.S. Commodity Futures Trading Commission issues its weekly report on futures and options positions for oil. 15:30 in Washington.

-The Baker Hughes rig count is released for oil and gas rigs in the U.S. 12:00 in Houston. (13:00 EST).

-The National Basketball Association’s All-Star Weekend begins in Toronto. Through Feb. 14.

-CENTRAL BANKS: Zambia rate decision, Uganda rate decision.

-ECONOMY: U.S. import-price index (Jan.), U.S. business inventories (Dec.), U.S. Michigan consumer sentiment (Feb. preliminary), Portugal GDP (fourth quarter), euro-area GDP (fourth quarter), Italian GDP (fourth quarter), German GDP (fourth quarter), Dutch GDP (fourth quarter), Czech CPI (Jan.), Polish GDP (fourth quarter), Polish CPI (Jan.), Kazakh GDP (fourth quarter).

-EARNINGS: Husky Energy Inc., Coal India Ltd., Indian Oil Corp., Bharat Petroleum Corp., TonenGeneral Sekiyu KK, Christian Dior SE, Renault SA, Commerzbank AG, ArcelorMittal SA.

-SOVEREIGN RATING UPDATES: Andorra (S&P), Angola (S&P), Denmark (Fitch), European Financial Stability Facility (DBRS), European Stability Mechanism (DBRS), Italy (Moody’s), Kenya (Moody’s), Kuwait (S&P), Latvia (Moody’s), Liechtenstein (S&P), Slovakia (Fitch).


-The RBS 6 Nations rugby championship continues. Click here for the schedule.

-The NBA’s All-Star Weekend continues in Toronto. Click here for the schedule.

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