More insights regarding the status of the global economy, with more data to guide investors.

The U.K.

The Bank of England will use this week's statistics on jobs and inflation in the UK to decide whether or not to raise rates again in March.

The BOE has hinted that the 50 basis point rate rise in February could have been the final one in its current tightening cycle, but the inflation data for January, due out on Wednesday, is anticipated to reveal price increases that are still double digits.

While this is happening, the BOE will continue to be under pressure from the employment report on Tuesday and the January retail sales data that will be released on Friday, which is predicted to suggest another decrease.

The BOE warned last week that Britain will experience a short-lived recession that would run for five quarters, beginning in the first quarter of this year.

Eurozone

On Wednesday, the European Commission will provide its quarterly projections for the euro area's economy. Prior to that, the Eurozone will present updated GDP figures on Tuesday.

Also on Wednesday, in Strasbourg, President of the European Central Bank Christine Lagarde is scheduled to give a testimony to the European Parliament about the bank's annual report.

The U.S.

Following recent good jobs data that caused markets to reevaluate estimates for how high the Fed may need to hike rates this year, investors will be closely watching Tuesday's CPI numbers for signs that inflation is continuing to decline.

The Labor Department's yearly adjustments of CPI data revealed that inflation increased in December rather than declining as initially expected and that figures for the two months before that were also moved higher.

A significant increase in inflation might make markets reconsider whether the Fed would truly lower interest rates by year's end, potentially undermining the rally that has lifted stocks and bonds since the end of last year.

The weekly report on initial unemployment claims and statistics on January's retail sales and PPI are also included in the economic calendar.

Earnings

In a week marked by aggressive remarks from Fed officials and earnings releases, the Nasdaq experienced its first weekly decline of the year last week, falling 2.4%, while the S&P 500 closed the week down 1.1% and the Dow Jones fell around 0.2%.

According to Refinitiv statistics, 69% of the companies included on the S&P 500 have reported results that exceeded profit forecasts for the quarter.

Coca-Cola is scheduled to release its earnings report on Tuesday before the market opens. While Krispy Kreme, Biogen, Barrick Gold, and Kraft Heinz are all scheduled to report before the market opens on Wednesday.

(investing.com, reuters.com, refinitv.com)