Week Ahead – All eyes on the Fed, ECB, BOE and NFP report

Economic Calendar

Saturday, Jan. 28

Economic Events:

• German Chancellor Scholz begins a four-day trip to South America

Sunday, Jan. 29

• No major events expected.

Monday, Jan. 30

Economic Data/Events:

• Eurozone economic confidence, consumer confidence
• New Zealand trade
• Spain CPI
• International Monetary Fund publishes it world economic outlook update.
• BNEF Summit
• Mainland Chinese markets reopen after Lunar New Year
• ECB’s Villeroy speaks at climate conference in Paris.

Tuesday, Jan. 31

Economic Data/Events:

• US Conference Board consumer confidence
• Australia retail sales
• China industrial profits, manufacturing PMI, non-manufacturing PMI
• Czech Republic GDP
• Eurozone GDP
• France CPI, GDP
• Germany CPI, GDP, unemployment
• Italy GDP, unemployment
• Japan unemployment, industrial production, retail sales
• Mexico international reserves, GDP
• Poland GDP
• Singapore unemployment
• South Africa trade balance
• Thailand trade
• Swiss National Bank releases 4Q currency allocation.
• Sweden parliamentary hearing on financial stability.

Wednesday, Feb. 1

Economic Data/Events:

• FOMC rate decision: Expected to raise target range by 25bps to 4.50-4.75%
• US construction spending, ISM Manufacturing, light vehicle sales
• China Caixin manufacturing PMI
• Eurozone Manufacturing PMI, CPI, unemployment
• France Manufacturing PMI
• Germany Manufacturing PMI
• India Manufacturing PMI
• Italy CPI
• New Zealand unemployment
• Russia industrial production
• UK S&P Global/ CIPS UK Manufacturing PMI
• Earnings from Meta Platforms and Peloton
• India releases its 2023 budget

Thursday, Feb. 2

Economic Data/Events:

• US factory orders, initial jobless claims, US durable goods
• Australia building approvals
• ECB rate decision: Expected to raise rates by 50bps to 3.00%
• New Zealand building permits
• Spain unemployment
• UK BOE rate decision: Expected to raise rates by 50bps to 4.00%
• SNB’s Moser speaks in Zurich on a panel on inflation and interest rates at “Vision Finance Place Switzerland” conference.
• Earnings results from: Alphabet, Apple, Amazon, Qualcomm and Deutsche Bank

Friday, Feb. 3

Economic Data/Events:

• US Jan Change in Nonfarm Payrolls: 175Ke v 223k prior, unemployment rate: 3.6%e v 3.5% prior, average hourly earnings
• China Caixin services PMI
• Eurozone Services PMI, PPI
• France industrial production
• Hong Kong retail sales
• Singapore retail sales
• Ukraine and the European Commission hold a summit to discuss Kyiv’s integration in the bloc

Sovereign Rating Updates:

– EFSF (S&P)

– ESM (S&P)

– Denmark (Moody’s)

– Belgium (DBRS)

– Sweden (DBRS)

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