Economic calendar: Labour market data and Trump’s address

10:27 am 21 January 2020

  • Labour market reports from Poland and the United Kingdom

  • IBM (IBM.US) and Netflix (NFLX.US) to report results after session close

  • Trump to address World Economic Forum in Davos today

9:00 am GMT - Poland, labour market report for December. Polish employment growth kept slowing since the turn of 2017 and 2018. However, growth picked-up to 2.6% YoY in November and is expected to remain there in December. Wages in the corporate sector are forecasted to grow 6.1% YoY, following 4 months of declines.

9:30 am GMT - UK, labour market report for November. The UK labour market report for November is the final piece of “hard” data ahead of the BoE meeting scheduled for the next week. Average 3-month earnings growth of 3.1% YoY is expected, slightly lower than the previous 3.2% YoY. Market prices in over 65% chance for a rate cut.

10:00 am GMT - Germany, ZEW index for January. Expected: 15 pts. Previous: 10.7 pts

10:30 am GMT - Trump's address at World Economic Forum in Davos. The US President will deliver an address at the World Economic Forum. A point to note is that two years ago Trump used the speech to advertise his “America First” agenda and hinted that US trade relations with some countries are unfair. Tariffs and trade war with China came next.

1:30 pm GMT - Canada, manufacturing sales for November. Expected: -0.3% MoM. Previous: -0.7% MoM

Central bankers’ speeches

  • 3:00 pm GMT - BoE Governor Carney

Earnings releases worth watching

  • International Business Machines (IBM.US)

  • Netflix (NFLX.US)

  • United Airlines Holdings (UAL.US)

The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.

Share:
Back

Join over 1 700 000 XTB Group Clients from around the world.