US: Focus on Import prices, housing starts and consumer confidence - TDS

Analysts at TDS suggest that import prices, housing starts and consumer confidence will make up the data calendar of US for Friday.

Key Quotes

“The market expects January import prices to rise 0.6% m/m, or 0.1% excluding petroleum. Housing starts are seen accelerating by 3.6% m/m to an annualized 1235k for January but markets do not anticipate any change in permit issuance. Preliminary University of Michigan sentiment for February is the last release of the day and the market looks for a modest decline to 95.3.”

“Canada: TD looks for a 0.7% m/m increase for manufacturing sales in December (market: 0.3% m/m) on the continued normalization in auto production and a positive tailwind from gasoline prices.”