16th Jan to 20th Jan 2017
The day will start with TD Securities Inflation from Australia which indicates inflation in the Australian economy. The higher inflation, the stronger the effect it will have on a probability of a rate hike by the RBA. This will be followed by Rightmove House Price Index from UK which provides a sample of residential property prices in the UK. It shows the strength of the UK housing market. Governor of the UK central bank Mark Carney is scheduled to speak in London. He said last week that the central bank will most likely improve its economic forecast in the coming month despite concerns about the Brexit. Therefore Market volatility can be expected. Early morning Australia will release Home Loans report which presents the number of home loans. This will be followed by Industrial production report from japan which measures outputs of the Japanese factories and mines. Next up will be Inflation data from UK where they will focus on Producer Price Index – Output & Input, Consumer Price Index, Core Consumer Price Index. UK Consumer Prices edged up in November to 1.2% from 0.9% in October, amid a sharp rise in clothing and petrol prices. The Bank of England expects inflation to continue to rise during 2017 to 2.7% and remain above the 2% target until 2020. Day will end with ZEW Survey – Current Situation and Economic Sentiment from Europe, which measures the institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and the share of analysts that are pessimistic. The day will be full of major economic reports from USA, Europe, Canada and UK while Investors will also focus on what Janet Yellen has to say in her press conference later in the evening. Day will start with Westpac Consumer Confidence Index from Australia which captures economic sentiment of residents and their view on economic conditions over the next 5 years. Final half of the day will be filled with major economic reports on Inflation from Europe and UK which will be followed USA. Next will be Rate statement & Interest Rate decision from bank of Canada. Canada’s central bank maintained its overnight rate at 0.5% at its December’s meeting. Despite an improvement in global conditions, uncertainty remains high, badly affecting business confidence and investment. The day will finally end with a speech by Federal Reserve Chairperson Janet Yellen. Australia will release reports on Employment change & Unemployment Rate early morning which captures the situation of job market in Australia. By Mid-day ECB will release decision on Interest rate and deposit rate. The European Central Bank kept interest rates unchanged in December but cut asset purchases to 60 billion euros per month, from the current 80 billion euros. The bank has prolonged the bond-buying program by nine months until the end of 2017, indicating the central bank does not intend to abandon its plans to boost the Eurozone’s economy. Day will end with few economic reports from USA which will capture the housing market and job market in USA. Early morning on Friday, Federal Reserve chairperson Janet Yellen is scheduled to speak at the Stanford Institute on Economic Policy Research. Hence a lot volatility can be expected early in the day. Next up will be Producer Price Index from Germany which measures the average changes in prices in the German primary markets. Next will be Retails Sales ex-fuel from UK which is a measure of changes in sales of the British retail sector excluding fuel. It shows the performance of the retail sector in the short term. This will be followed by Retail sales from UK which measures the total receipts of retail stores. Changes in Retail Sales are widely followed as an indicator of consumer spending. The day will end with inflation data from Canada where it will focus on consumer price index and consumer price index core.Monday
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