September 26, 2023
London, UK

Key Events in the Week 23/29-1-2023

Investors Key Events in the week ECB CPI

Main events this week include the Bank of Canada interest rate decision, German GfK and Ifo surveys, European S&P Global PMI’s, US PCE Price Index and US Durable Goods Orders. Important earnings include Microsoft on Tuesday and IBM on Wednesday.

Monday, January 23

01:50 AM JP BoJ Monetary Policy Meeting Minutes

01:00 PM DE Bundesbank Monthly Report

03:30 PM CA New Housing Price Index MoM DEC                -0.2%               -0.3%

03:30 PM CA New Housing Price Index YoY DEC             4.1%                3.8%

04:30 PM EA ECB Panetta Speech

05:00 PM EA Consumer Confidence Flash JAN                      -22.2    -20       -17

05:00 PM US CB Leading Index MoM DEC                 -1%      -0.7%   -0.7%

07:45 PM EA ECB President Lagarde Speech

Monday’s earnings reports: AZRE BLDE TSBK BKR KLDO ESQ RENO

Tuesday, January 24

12:00 AM AU Judo Bank Services PMI Flash JAN                   47.3                 47.5

12:00 AM AU Judo Bank Manufacturing PMI Flash JAN        50.2                 49.5

12:00 AM AU Judo Bank Composite PMI Flash JAN               47.5                 47.6

02:30 AM AU NAB Business Confidence DEC             -4                     -2

02:30 AM JP Jibun Bank Manufacturing PMI Flash JAN         48.9                 49.5

02:30 AM JP Jibun Bank Services PMI Flash JAN                    51.1                 50.6

02:30 AM JP Jibun Bank Composite PMI Flash JAN                49.7                 50

09:00 AM DE GfK Consumer Confidence FEB                        -37.8    -33       -34

09:00 AM GB Public Sector Net Borrowing Ex Banks DEC     £-22B   £-18B   £-18.3B

09:00 AM GB Public Sector Net Borrowing DEC        £-21.2B                        £-17.7B

09:45 AM FR Business Confidence JAN                      101      101      102

09:45 AM FR Business Climate Indicator JAN                        102                  103

10:15 AM FR S&P Global Services PMI Flash JAN                  49.5     49.8     50.1

10:15 AM FR S&P Global Manufacturing PMI Flash JAN       49.2     49.7     49.8

10:15 AM FR S&P Global Composite PMI Flash JAN              49.1     49.5     50

10:30 AM DE S&P Global Services PMI Flash JAN                  49.2     49.6     49.5

10:30 AM DE S&P Global Manufacturing PMI Flash JAN       47.1     47.8     48.1

10:30 AM DE S&P Global Composite PMI Flash JAN              49        49.6     49.4

11:00 AM EA S&P Global Manufacturing PMI Flash JAN       47.8     48.5     48.5

11:00 AM EA S&P Global Services PMI Flash JAN                  49.8     50.2     50.8

11:00 AM EA S&P Global Composite PMI Flash JAN              49.3     49.8     50

11:30 AM GB S&P Global/CIPS Manufacturing PMI Flash JAN          45.3     45.5     46

11:30 AM GB S&P Global/CIPS UK Services PMI Flash JAN                49.9     49.9     50

11:30 AM GB S&P Global/CIPS Composite PMI Flash JAN       49        49.3     49.6

11:45 AM EA ECB President Lagarde Speech

01:00 PM GB CBI Business Optimism Index Q1                     -48                   -60

01:00 PM GB CBI Industrial Trends Orders JAN                     -6                     -10

03:30 PM CA Manufacturing Sales MoM Prel DEC               0%                   -0.9%

03:55 PM US Redbook YoY JAN/21                        5%

04:45 PM EA ECB af Jochnick Speech

04:45 PM US S&P Global Services PMI Flash JAN                  44.7     45        45

04:45 PM US S&P Global Composite PMI Flash JAN             45                    45.1

04:45 PM US S&P Global Manufacturing PMI Flash JAN                   46.2     46.2     45

05:00 PM US Richmond Fed Manufacturing Shipments Index JAN 5                      7

05:00 PM US Richmond Fed Services Index JAN                    -12                   -8

05:00 PM US Richmond Fed Manufacturing Index JAN                     1                      3

11:30 PM US API Crude Oil Stock Change JAN/20                 7.615M

Tuesday’s earnings reports: MMM BRO GE TRV RTX MSFT HAL LMT NAVI VZ JNJ TXN PCAR FFIV

Wednesday, January 25

02:00 AM AU Westpac Leading Index MoM DEC                  -0.1%               -0.2%

02:30 AM AU Inflation Rate YoY Q4                   7.3%    7.5%    7.4%

02:30 AM AU Monthly CPI Indicator DEC                   7.3%    7.7%    7.5%

02:30 AM AU Inflation Rate QoQ Q4             1.8%    1.6%    1.5%

02:30 AM AU RBA Trimmed Mean CPI YoY Q4                     6.1%    6.5%    6.6%

02:30 AM AU CPI Q4               128.4               130.3

02:30 AM AU RBA Weighted Median CPI YoY Q4                  5%       5.5%

02:30 AM AU RBA Weighted Median CPI QoQ Q4                1.4%    1.4%

02:30 AM AU RBA Trimmed Mean CPI QoQ Q4                    1.8%    1.5%    1.6%

07:00 AM JP Leading Economic Index Final NOV                   98.6                 97.6

07:00 AM JP Coincident Index Final NOV                   99.6                 99.1

09:00 AM GB PPI Core Output MoM DEC                  0.5%                0.4%

09:00 AM GB PPI Core Output YoY DEC                     13.3%              11.5%

09:00 AM GB PPI Input MoM DEC                  0.7%                0.5%

09:00 AM GB PPI Input YoY DEC                     19.5%              18.7%

09:00 AM GB PPI Output MoM DEC               0.9%                0.3%

09:00 AM GB PPI Output YoY DEC                  17.2%              14.6%

10:00 AM EA ECB Non-Monetary Policy Meeting

10:00 AM ES PPI YoY DEC                   20.7%              16.5%

11:00 AM DE Ifo Business Climate JAN                      88.6     90.2     89.9

11:00 AM DE Ifo Expectations JAN                 83.2     85        84.6

11:00 AM DE Ifo Current Conditions JAN                   94.4     95        94.8

01:00 PM FR Unemployment Benefit Claims DEC                 -64.7K              12K

01:00 PM FR Jobseekers Total DEC                2810K              2910K

02:00 PM US MBA 30-Year Mortgage Rate JAN/20              6.23%

02:00 PM US MBA Mortgage Applications JAN/20                27.9%

02:00 PM US MBA Mortgage Refinance Index JAN/20                      438.3

02:00 PM US MBA Mortgage Market Index JAN/20              238.7

02:00 PM US MBA Purchase Index JAN/20                198.7

05:00 PM CA BoC Monetary Policy Report

05:00 PM CA BoC Interest Rate Decision                   4.25%  4.5%    4.50%

05:30 PM US EIA Crude Oil Stocks Change JAN/20                8.408M

05:30 PM US EIA Gasoline Stocks Change JAN/20                 3.483M

05:30 PM US EIA Cushing Crude Oil Stocks Change JAN/20              3.646M

05:30 PM US EIA Distillate Fuel Production Change JAN/20              0.057M

05:30 PM US EIA Crude Oil Imports Change JAN/20             -1.224M

05:30 PM US EIA Refinery Crude Runs Change JAN/20                     0.202M

05:30 PM US EIA Distillate Stocks Change JAN/20                 -1.939M

05:30 PM US EIA Heating Oil Stocks Change JAN/20             -0.26M

05:30 PM US EIA Gasoline Production Change JAN/20                      0.332M

06:00 PM CA BoC Gov Rogers Speech 06:00 PM CA BoC Gov Macklem Speech

08:00 PM DE Bundesbank Balz Speech

Wednesday’s earnings reports: ADP ABT T AMP ACNB IBM BA TER NOW RJF FLEX LEVI GD CSX

Thursday January 26 2023                          

01:50 AM JP BoJ Summary of Opinions

01:50 AM JP Foreign Bond Investment JAN/21                      ¥1232.1B

01:50 AM JP Stock Investment by Foreigners JAN/21                        ¥185.6B

02:01 AM GB Car Production YoY DEC                       5.7%

05:35 AM JP 40-Year JGB Auction                  1.580%

10:00 AM ES Unemployment Rate Q4                       12.67%                        12.40%

11:00 AM IT Business Confidence JAN                       101.4   101.8   101.8

11:00 AM IT Consumer Confidence JAN                     102.5   102.3   102.7

11:30 AM GB Labour Productivity QoQ Final Q3                   0.3%                0.2%

01:00 PM CA CFIB Business Barometer JAN              50.9                 49

01:00 PM GB CBI Distributive Trades JAN                  11                    -16

03:30 PM CA Wholesale Sales MoM Prel DEC                       0.5%                0.1%

03:30 PM CA Average Weekly Earnings YoY NOV                 3.4%                3.2%

03:30 PM US Durable Goods Orders MoM DEC                    -2.1%   2.6%    2.2%

03:30 PM US GDP Growth Rate QoQ Adv Q4             3.2%    2.6%    2.7%

03:30 PM US Durable Goods Orders Ex Transp MoM DEC    0.2%    -0.1%   0.2%

03:30 PM US GDP Price Index QoQ Adv Q4               4.4%    3.3%    3.1%

03:30 PM US Goods Trade Balance Adv DEC             $-83.35B                      $-82.5B

03:30 PM US Initial Jobless Claims JAN/21             190K    205K    202K

03:30 PM US Retail Inventories Ex Autos MoM Adv DEC      -0.3%               0.5%

03:30 PM US Wholesale Inventories MoM Adv DEC              1%                   0.4%

03:30 PM US Jobless Claims 4-week Average JAN/21           206K                209K

03:30 PM US Non Defense Goods Orders Ex Air DEC                        0.2%    -0.2%   0.9%

03:30 PM US PCE Prices QoQ Adv Q4                        4.3%                3.1%

03:30 PM US Real Consumer Spending QoQ Adv Q4             2.3%                1.9%

03:30 PM US GDP Sales QoQ Adv Q4             4.5%                3.9%

03:30 PM US Durable Goods Orders ex Defense MoM DEC -2.6%               2.4%

03:30 PM US Continuing Jobless Claims JAN/14                    1647K  1654K  1651K

03:30 PM US Core PCE Prices QoQ Adv Q4                        4.7%    4%       3.9%

05:00 PM US New Home Sales DEC               0.64M  0.614M            0.59M

05:00 PM US New Home Sales MoM DEC                 5.8%                -2%

05:30 PM US EIA Natural Gas Stocks Change JAN/20                        -82Bcf

06:00 PM US Kansas Fed Composite Index JAN                      -9                     -10

06:00 PM US Kansas Fed Manufacturing Index JAN               -13                   -14

US Building Permits Final DEC                        1.351M                        1.33M

US Building Permits MoM Final DEC              -10.6%             -1.6%

US Chicago Fed National Activity Index NOV             -0.05                -0.18

US Chicago Fed National Activity Index DEC                                      0.1

Thursday’s earnings reports: ROK ALK AAL LUV BX INTC NOC VLO CMCSA NUE XRX VIRT MA V TER

Friday, January 27

01:30 AM JP Tokyo CPI Ex Food and Energy YoY JAN             1.3%                1.4%

01:30 AM JP Tokyo Core CPI YoY JAN             4%       4.2%    4.2%

01:30 AM JP Tokyo CPI YoY JAN                     4%                   4.2%

02:30 AM AU PPI QoQ Q4                  1.9%

02:30 AM AU Export Prices QoQ Q4              -3.6%

02:30 AM AU Import Prices QoQ Q4              3%

02:30 AM AU PPI YoY Q4                    6.4%                5.9%

09:00 AM DE Import Prices YoY DEC             14.5%              11.9%

09:00 AM DE Import Prices MoM DEC                      -4.5%               -2.2%

09:45 AM FR Consumer Confidence JAN                    82        84        84

10:00 AM ES GDP Growth Rate YoY Flash Q4                        4.4%                1.3%

10:00 AM ES GDP Growth Rate QoQ Flash Q4                       0.1%    0.1%    -0.1%

11:00 AM EA M3 Money Supply YoY DEC                      4.8%    4.6%    4.7%

11:00 AM EA Loans to Households YoY DEC              4.1%                4.2%

11:00 AM EA Loans to Companies YoY DEC               8.4%                8.5%

11:00 AM IT Industrial Sales MoM NOV                    -0.8%               -0.4%

11:00 AM IT Industrial Sales YoY NOV                       12.5%              8.9%

12:30 PM EA ECB President Lagarde Speech

03:30 PM US Core PCE Price Index MoM DEC                       0.2%    0.3%    0.1%

03:30 PM US Personal Income MoM DEC                  0.4%    0.2%    0.3%

03:30 PM US Personal Spending MoM DEC               0.1%    -0.1%   -0.1%

03:30 PM US PCE Price Index MoM DEC                   0.1%                0.1%

03:30 PM US PCE Price Index YoY DEC                      5.5%                5.1%

03:30 PM US Core PCE Price Index YoY DEC              4.7%    4.4%    4.6%

05:00 PM US Pending Home Sales YoY DEC               -37.8%             -25%

05:00 PM US Pending Home Sales MoM DEC                        -4%      -1%      -1%

05:00 PM US Michigan Consumer Sentiment Final JAN        59.7     64.6     64.6

05:00 PM US Michigan 5 Year Inflation Expectations Final JAN        2.9%                3%

05:00 PM US Michigan Consumer Expectations Final JAN                  59.9                 62

05:00 PM US Michigan Current Conditions Final JAN            59.4                 68.6

05:00 PM US Michigan Inflation Expectations Final JAN                   4.4%                4%

06:00 PM CA Budget Balance NOV                 C$-1.1B                       C$-2.7B

07:00 PM DE Bundesbank Balz Speech

08:00 PM US Baker Hughes Oil Rig Count JAN/27                 613

08:00 PM US Baker Hughes Total Rig Count JAN/27             771

Friday’s earnings reports: BAH ALV AXP CVX CL

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