Weekly Market Analysis page 47

Key events:       Australia – Employment Change (Dec) Eurozone – ECB President Lagarde Speaks      Eurozone – ECB Publishes Account of Monetary Policy Meeting      USA – Building Permits (Dec)    USA – Initial Jobless Claims   USA – Philadelphia Fed Manufacturing Index (Jan) USA – Crude Oil…

Key events:       UK – CPI (YoY) (Dec) Eurozone – CPI (YoY) (Dec) USA – Core Retail Sales (MoM) (Dec) PPI (MoM) (Dec)   Retail Sales (MoM) (Dec) The dollar is getting stronger against the euro and stable against the pound sterling in the course of trading on Wednesday. The Japanese yen is getting…

Key events:       US – Martin Luther King, Jr. Day UK – BoE Gov Bailey Speaks The recently released CPI is prompting investors to question the Fed's plans to raise the overnight rate above 5%. The market doesn't seem to care, and after this data coincides with the forecast, yields are falling…

Key events:       UK – GDP (MoM) UK – GDP (YoY) UK – GDP (QoQ) UK – Manufacturing Production (MoM) (Nov) The U.S. consumer inflation report was the most important statistical release of the week. According to data released by the U.S. Department of Labor yesterday: The consumer price index (CPI…

Key events:       USA – Core CPI (MoM) (Dec)   USA – CPI (YoY) (Dec)   USA – CPI (MoM) (Dec)   USA – Initial Jobless Claims In his speech, Fed Chairman Jerome Powell bypassed economic and monetary policy issues, limiting himself to a couple of general phrases. And now investors are waiting for…

Key events:       Australia – Retail Sales (MoM) (Nov) USA – Crude Oil Inventories   Yesterday's speech by Fed chief Jerome Powell at the Stockholm forum gave no hints about the regulator's plans as he did not directly address economic or monetary policy issues. Investors are now waiting for the…

Key events:       USA – Fed Chair Powell Speaks      USA – EIA Short-Term Energy Outlook     At the start of the new year, market participants are focused on corporate reports and inflation as key drivers. Inflation is forecast to have continued to slow in December, yet the rate of price growth…

Key events:       Switzerland – Unemployment Rate s.a. (Dec)   Eurozone – Unemployment Rate (Nov) Canada – Building Permits (MoM) (Nov)   U.S. jobs data boosted the U.S. stock market Friday. Will it be able to hold on? The U.S. jobs number came in at 223,000. It was the lowest number in a while…

Key events: UK - Construction PMI (Dec) Eurozone - CPI (YoY) (Dec)   USA - Nonfarm Payrolls (Dec) USA - Unemployment Rate (Dec) Canada - Employment Change (Dec) USA -  ISM Non-Manufacturing PMI (Dec) Canada - Ivey PMI (Dec)   The British currency is actively declining against its U.S. competitor…

Key events:       UK - Composite PMI (Dec) UK - Services PMI (Dec) USA - ADP Nonfarm Employment Change (Dec)   USA - Initial Jobless Claims   USA - Crude Oil Inventories   While markets wait for eurozone CPI and NFP on Friday, there are fresh reports to consider today, including the minutes of…

Key events:       USA – ISM Manufacturing PMI (Dec)   USA – JOLTs Job Openings (Nov)   USA – FOMC Meeting Minutes The classic year-end reviews here and there reminded us of the exceptional nature of the past year: the Russian aggression in Ukraine, the energy and food price shock, serious…

Key events:       UK – Manufacturing PMI (Dec)   Rising inflation and higher interest rates couldn't help but affect the housing sector - and perhaps it's the labor market's turn. On the other hand, the Non-Farm Payrolls (NFP) reading has beaten economists' estimates for the past eight months,…