Today in the macroeconomic calendar:
Today, the focus will be on PMI releases from the key European economies, including Germany and France, as well as for the entire Eurozone. Meanwhile, investors will follow the speech by ECB President Christine Lagarde. Later in the day, preliminary PMI data from the United States will be released. It is also worth noting that the World Economic Forum in Davos is still ongoing, providing an important backdrop for global market sentiment.
Today's schedule in CET:
08:00 UK – Retail sales (December)
-
Retail sales (m/m): 0.4% (forecast: -0.1%; previous: -0.1%)
-
Retail sales (y/y): 2.5% (forecast: 1%; previous: 1.8%)
08:00 Sweden – Unemployment rate (December)
-
Forecast: 8.3%; previous: 8.2%
08:30 Hungary – Unemployment rate (December)
-
Previous: 4.4%
08:30 Hungary – Wages (y/y, November)
-
Previous: 8.7%
08:45 France – Business confidence index (January)
-
Forecast: 101; previous: 102
09:00 Poland – BIEC Well-Being Indicator (January)
-
Previous: 94.8
09:15 France – Preliminary PMI manufacturing (January)
-
Forecast: 50.5; previous: 50.7
09:15 France – Preliminary PMI services (January)
-
Forecast: 50.5; previous: 50.1
09:30 Germany – Preliminary PMI manufacturing (January)
-
Forecast: 47.8; previous: 47
09:30 Germany – Preliminary PMI services (January)
-
Forecast: 52.5; previous: 52.7
10:00 Eurozone – Preliminary PMI manufacturing (January)
-
Forecast: 49.1; previous: 48.8
10:00 Eurozone – Preliminary PMI services (January)
-
Forecast: 52.6; previous: 52.4
10:30 UK – Preliminary PMI manufacturing (January)
-
Forecast: 50.6; previous: 50.6
10:30 UK – Preliminary PMI services (January)
-
Forecast: 51.7; previous: 51.4
11:00 Eurozone – Public speech by ECB President Christine Lagarde
14:30 Canada – Retail sales (November)
-
Retail sales (m/m): forecast 1.2%; previous: -0.2%
-
Retail sales ex-autos (m/m): forecast 1.3%; previous: -0.6%
15:45 USA – Preliminary PMI manufacturing (January)
-
Forecast: 52; previous: 51.8
15:45 USA – Preliminary PMI services (January)
-
Forecast: 52.8; previous: 52.5
16:00 USA – University of Michigan report (January)
-
University of Michigan Financial Index: forecast 54; previous 52.9
-
Short-term inflation expectations: forecast 4.2; previous 4.2
-
Long-term inflation expectations: forecast 3.4; previous 3.2
19:00 USA – Oil rig count (weekly)
-
Forecast: 411; previous: 410
BREAKING: US NFP much stronger than expected 📈 US Dollar and treasuries yields surge
EURUSD loses ground ahead of NFP
BREAKING: BoE raises interest rates by 25pbs to 4%⏰
Norges Bank keeps rates unchanged, but leaves the door open to rate hikes. Is this really the end of the NOK strengthening, though?