mask Week Ahead | Trumps America First

22/ 01/ 2017

Week Ahead | Trumps America First

23rd Jan to 27th Jan 2017

Monday

Day will be light in terms of data, where only report worth mentioning is All Industry Activity Index from Japan which captures the monthly change in overall production by all industries of the Japanese economy. The index indicates the Japanese GDP and the overall growth figures, providing insight into current levels of Japanese economic expansion.

  • JPY All Industry Activity Index

Tuesday

The day will start with market services and manufacturing data from Europe, where the reports will focus on business conditions in the manufacturing sector. This will be followed by Public sector net borrowing data from UK. This captures an amount of new debt held by the U.K. governments (the financial deficit in the UK national accounts). The day will end with Markit Manufacturing PMI from USA which captures the business condition in USA.

  • EUR Markit PMI Composite, Markit Services PMI & Manufacturing PMI
  • GBP Public Sector Net Borrowing
  • USD Markit Manufacturing PMI

Wednesday

The day will start with trade balance reports from Japan which is measure of balance amount between import and export. A positive value shows a trade surplus while a negative value shows a trade deficit. This will be followed by UBS Consumption Indicator which is a leading indicator of private consumption trends, which is the most important component of Swiss GDP.

Later on Germany will release IFO Business Climate, Current Assessment, Expectations reports which are indicators of current conditions and business expectations in Germany. Day will end with Housing Price Index from USA which provides an estimated value of housing market conditions. It is an important indicator as the housing market is considered as a sensitive factor to the US economy.

  • JPY Merchandised Trade Balance
  • CHF UBS Consumption Indicator
  • EUR IFO Business Climate, Current Assessment, Expectations
  • USD Housing Price Index

Thursday

Early morning Germany will release Gfk consumer confidence survey which is a leading index that measures the level of consumer confidence in economic activity. This will be followed by gross domestic product from UK which is a measure of the total value of all goods and services produced by the UK. The GDP is considered as a broad measure of the UK economic activity.

The rest of the day will be full of major data from USA where they will focus on labor market, economic stability and housing market in USA.

  • EUR Gfk Consumer Confidence Survey
  • GBP Gross Domestic Product
  • USD Initial Jobless Claims, Markit Services PMI, Markit PMI services Composite, New Home Sales

Friday

Friday is an important day in terms of economic data coming out from USA. Morning half will be full of data from Japan where the reports will give an indication on current purchasing trends and labor market in Japan. By midafternoon France will release Consumer price index which is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services.

The final half of the day will be full of USA data. First up will be Gross Domestic Product which shows the monetary value of all the goods, services and structures produced within a country in a given period of time. This will be followed by Personal Consumption Expenditures Prices & Core Personal Consumption Expenditures which measures price changes in consumer goods and services and captures the amount of money the consumers spend in a month on durable goods, consumer products, and services.

The day will finally end with Durable Goods report which measures the cost of orders received by manufacturers for durable goods, which means goods planned to last for three years or more, such as motor vehicles and appliances.

  • JPY National Consumer Price Index, Unemployment Ratio
  • EUR Gross Domestic Product, Consumer Price Index
  • USD Gross Domestic Product, Personal Consumption Expenditure, Durable Goods