Economic calendar Monday: Markets closed in obs

Economic calendar

Monday: Markets closed in observance of President’s Day

Tuesday: Empire Manufacturing, February (5.0 expected, 4.8 in January); NAHB Housing Market Index, February (75 expected, 75 in January); Net Long-term TIC Flows, December ($22.9 billion in November); Total Net TIC Flows, December ($73.1 billion in November)

Wednesday: MBA Mortgage Applications, week ended Feb. 14 (1.1% prior); Housing Starts, January (1.415 million expected, 1.608 million in December); Building Permits, January (1.450 million expected, 1.420 million in December); PPI Final Demand month-on-month, January (0.1% expected, 0.2% in December); PPI excluding Food & Energy month-on-month, January (0.2% expected, 0.1% in December); PPI Final Demand year-on-year, January (1.7% expected, 1.3% in December); PPI excluding Food & Energy year-on-year, January (1.4% expected, 1.1% in December)

Thursday: Philadelphia Fed Business Outlook, February (12.0 expected, 17.0 in January); Initial Jobless Claims, week ended Feb. 15 (210,000 expected, 205,000 prior); Continuing Claims, week ended Feb. 8 (1.698 million prior); Bloomberg Consumer Comfort, week ended Feb. 16 (65.7 prior); Leading Index, January (0.4% expected, -0.3% in December)

Friday: Markit U.S. Manufacturing PMI, February preliminary (51.5 expected, 51.9 prior); Markit U.S. Services PMI, February preliminary (53.5 expected, 53.4 prior); Markit U.S. Composite PMI, February preliminary (53.3 prior); Existing Home Sales, January (5.45 million expected, 5.54 in December)