Week ahead 1/29/2023
The Federal Reserve's interest rate decision and the US non-farm payrolls report are the most highly anticipated events in the US, as savvy investors like myself keep a close eye on the economy. The inflation numbers have shown signs of cooling, giving me hope that the Federal Reserve might slow down its monetary policy tightening with a modest 25 bps rate hike on Wednesday.
Meanwhile, Europe's central banks are expected to raise interest rates by 50 bps on Thursday, with the European Central Bank and the Bank of England leading the charge in their aggressive campaign against inflation. I'll also be following key reports on growth, inflation, and unemployment for the Euro Area, Germany, Italy, France, and Spain.
Across the pond, China's PMI data will be in the spotlight as the world watches the first gauge of the world's second-largest economy after the government transitioned away from its zero-Covid policy. In Japan, I'll be following consumer confidence figures, housing starts, industrial production, retail sales, and unemployment rate.
Down under, Australia will have a packed week with the Ai Group Manufacturing Index for January and retail sales, housing credit, and building permits for December. In New Zealand, I'll be following the December trade balance and fourth-quarter labor market figures.
So, to summarize, here's what we have in store this week:
Meanwhile, Europe's central banks are expected to raise interest rates by 50 bps on Thursday, with the European Central Bank and the Bank of England leading the charge in their aggressive campaign against inflation. I'll also be following key reports on growth, inflation, and unemployment for the Euro Area, Germany, Italy, France, and Spain.
Across the pond, China's PMI data will be in the spotlight as the world watches the first gauge of the world's second-largest economy after the government transitioned away from its zero-Covid policy. In Japan, I'll be following consumer confidence figures, housing starts, industrial production, retail sales, and unemployment rate.
Down under, Australia will have a packed week with the Ai Group Manufacturing Index for January and retail sales, housing credit, and building permits for December. In New Zealand, I'll be following the December trade balance and fourth-quarter labor market figures.
So, to summarize, here's what we have in store this week:
- US:
Federal Reserve's interest rate decision
US non-farm payrolls report
ISM manufacturing and non-manufacturing PMIs
JOLTs Job Openings
ADP private payrolls
S&P Global PMIs
Earnings season with prominent companies reporting (AMD, Meta Platforms, Alphabet, Amazon, Apple, and Qualcomm)
Europe:
European Central Bank and Bank of England interest rate hike
Eurozone inflation, growth, and unemployment reports
Germany's prices and trade
Euro Area business survey
Switzerland's KOF leading indicators
Turkey's inflation rate
January's manufacturing and services PMIs
Asia:
China's PMI data
Japan's consumer confidence, housing starts, industrial production, retail sales, and unemployment rate
India's Union Budget and January PMIs
South Korea's inflation and trade data
Australia and New Zealand:
Ai Group Manufacturing Index and retail sales
Housing credit, building permits, and trade balance
Labor market figures
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