Trading Week Ahead: Tariffs Back in Focus
Inflation, tariffs and geopolitics collide in the final stretch of February. President Trump’s decision to lift new global tariffs to 15% after the Supreme Court setback has added fresh uncertainty to trade and growth expectations. At the same time, Consumer Confidence and U.S. PPI will test the strength of demand and inflation pressures, while AI earnings from NVIDIA and key infrastructure players could determine whether the tech rally still has fuel.
👉 CB Consumer Confidence
Consumer sentiment is forecast to rise to 87.6 from 84.5. A stronger print may lift yields and support the dollar in the short term. A downside surprise could revive the rate cut narrative, boosting equities and gold.
👉 President Trump Speaks
Markets will focus on comments regarding China, Iran, tariffs and interest rates. His recent move to impose a 15% global tariff has already injected fresh trade uncertainty. Expect headline-driven volatility rather than a clean directional move.
👉 U.S. PPI
Producer prices are forecast to ease to 0.3% from 0.5%. As an upstream inflation gauge, PPI often sets expectations for CPI and PCE. A hotter reading could lift yields and pressure equities, while softer data would reinforce the disinflation narrative and support rate cut bets.
6:30 PM
EUR
ECB President Lagarde Speaks
3:15 PM
GBP
Monetary Policy Report Hearings
4:00 PM
USD
CB Consumer Confidence
1:30 AM
AUD
CPI
3:00 AM
USD
President Trump Speaks
8:00 AM
EUR
German GDP
9:30 AM
EUR
ECB President Lagarde Speaks
2:30 PM
USD
Initial Jobless Claims
2:00 PM
EUR
German CPI
2:30 PM
USD
PPI
2:30 PM
CAD
GDP
2:30 PM
CAD
PPI
| Date | Time | Instrument | Event |
|---|---|---|---|
| Monday, Feb. 23 |
6:30 PM |
EUR
|
ECB President Lagarde Speaks |
| Tuesday, Feb. 24 |
3:15 PM |
GBP
|
Monetary Policy Report Hearings |
|
4:00 PM |
USD
|
CB Consumer Confidence | |
| Wednesday, Feb. 25 |
1:30 AM |
AUD
|
CPI |
|
3:00 AM |
USD
|
President Trump Speaks | |
|
8:00 AM |
EUR
|
German GDP | |
| Thursday, Feb. 26 |
9:30 AM |
EUR
|
ECB President Lagarde Speaks |
|
2:30 PM |
USD
|
Initial Jobless Claims | |
| Friday, Feb. 27 |
2:00 PM |
EUR
|
German CPI |
|
2:30 PM |
USD
|
PPI | |
|
CAD
|
GDP | ||
|
CAD
|
PPI |
*All times in the table are in GMT+1
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