The most important events this week. Read here which events in the economic calendar you should pay particular attention to in your financial market activities this week. All listed events have the potential to move the markets more or less strongly. The results of the individual events can be found in the economic calendar.
This week, ECB President Lagarde will comment several times on ECB monetary policy. Market participants will closely watch whether these statements contain valid indications regarding the upcoming course of the ECB and react accordingly.
Monday, 23.02.2026
10:00 CET (GMT+1)
Ifo Business Climate Index | Germany, Eurozone | EUR, DAX, M/SDAX
Analysts expect a moderate increase in the Ifo Business Climate Index. After the disappointing ZEW economic expectations last week, however, this is far from set in stone. While the expected increase is likely already priced in, German indices could come under pressure if the result disappoints.
Tuesday, 24.02.2026
16:00 CET (GMT+1)
CB Consumer Confidence | USA | USD, Indices
CB Consumer Confidence in the USA is an important indicator of the health of the US economy, which is heavily dependent on domestic consumption. Analysts expect the indicator to rise from the previous 84.5 to 87.6. If the result meets or exceeds expectations, it is positive for the US dollar, as the probability of an imminent rate cut decreases. If it falls short, this could have a positive impact on stocks, indices, and precious metals.
Wednesday, 25.02.2026
08:00 CET (GMT+1)
Gross Domestic Product (GDP) Q4 | Germany | EUR, Indices
GDP in Germany, the largest economy in the Eurozone, naturally plays an important role in assessing the further course of ECB monetary policy and whether the possibility of another rate cut increases. For the fourth quarter, growth of 0.4 % year-on-year and 0.3 % quarter-on-quarter is expected. Whether the result is evaluated positively or negatively will also depend on which sectors and industries drive the growth.
11:00 CET (GMT+1)
Consumer Price Index CPI | Eurozone | EUR, Indices
The CPI in the Eurozone was last at 1.7 %, below the ECB's target of 2 %, and is expected to remain unchanged for January. If the result meets expectations, a worse or poorly evaluated German GDP could increase expectations of an ECB rate cut, which would be positive for stocks and indices but negative for the EUR.
16:30 CET (GMT+1)
US Crude Oil Inventories | USA | Oil Prices
The figures on current crude oil inventories in the USA are closely watched by investors and traders. They provide information on the possible development of oil prices and on how oil-dependent economic sectors are developing. Accordingly, higher crude oil inventories usually have a negative impact on oil prices, while lower inventories usually have a positive impact.
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Thursday, 26.02.2026
14:30 CET (GMT+1)
Initial Jobless Claims | USA | USD, Indices
Although the NFP data increasingly point to a cooling of the labor market, the figures for initial and continuing jobless claims in the USA are still relatively stable. If the data deviate negatively today, however, this could put pressure on the dollar and support the gold price. In addition, a rising number of claims also fuels hopes of an earlier Fed rate cut, which could support US indices and stocks.
Friday, 27.02.2026
09:55 CET (GMT+1)
Unemployment Rate in Germany | Eurozone | EUR, Indices
The unemployment rate in Germany is stable just above 6 %, but rose above the 3 million unemployed mark for the first time in 14 years last month. The disappointing ZEW economic expectations data could be an indication that the situation on the German labor market is deteriorating further. This could have a negative impact on the euro, but also on stocks dependent on domestic consumption.
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