February 24, 2024
London, UK

Key Events in the Week Ahead 2/8-1-2023

Investors Key Events in the week ECB CPI

Investors looking for a better year after a disaster for many assets in 2022. You can read How Markets Performed in 2022. On Monday stock and bond markets will be closed in the U.S.A. The week starts in Eurozone with the release of the S&P Global Manufacturing PMI.

Monday, January 2

In Eurozone, the New Year starts with the S&P Global Manufacturing PMI for December which for Germany is expected at 47.4 the same as the previous month. In Eurozone, the S&P Global Manufacturing PMI is forecasted at 47.8.

08:15 EUR       Spain S&P Global Manufacturing PMI DEC                45.2     45.7    

08:50 EUR       France S&P Global Manufacturing PMI DEC              48.9     48.9    

08:55 EUR       Germany S&P Global/BME Manufacturing PMI DEC            47.4     47.4

09:00 EUR       Greece S&P Global Manufacturing PMI DEC                         48.4    

09:00 EUR       S&P Global Manufacturing PMI DEC              47.8     47.8    

09:30 EUR       Portugal Business Confidence DEC                                         1.2      

09:30 EUR       Portugal Consumer Confidence DEC                                      -37.7   

22:00 AUD       S&P Global Manufacturing PMI DEC              50.4     50.4    

Monday’s earnings reports: AZRE ALEAF AVYA MULN APGT LTCH MITK

Tuesday, January 3

01:45 CNY       Caixin Manufacturing PMI DEC                      49.3     49.4    

03:30 AUD       RBA Interest Rate Decision                             3.1%   

03:30 AUD       RBA Rate Statement                                      

05:30 AUD       RBA Commodity Index SDR (YoY) DEC                       24.8%  19.1%

08:30 CHF        SVME – Purchasing Managers’ Index DEC                              53.9

08:55 EUR       Germany Unemployment Change DEC                      27        17       

08:55 EUR       Germany  Unemployment Rate s.a. DEC                   5.5%    5.6%   

09:30 GBP       S&P Global/CIPS Manufacturing PMI DEC                 44.7     44.7

13:00 EUR       Germany Consumer Price Index (YoY) DEC                                      

13:00 EUR       Germany Harmonized Index of Consumer Prices (MoM) DEC         

13:00 EUR       Germany Harmonized Index of Consumer Prices (YoY) DEC            

13:00 EUR       Germany Consumer Price Index (MoM) DEC                                               

13:00 EUR       Germany Consumer Price Index (YoY) DEC               10.4%  10%    

13:00 EUR       Germany Harm. Index of Consumer Prices(YoY) DEC 11.8% 11.3%

13:00 EUR       Germany Harm. Ind. of Consumer Prices (MoM)DEC                       -0.5%   0%

13:00 EUR       Germany Consumer Price Index (MoM) DEC                        0.6%    -0.5%  

14:00 NZD       GDT Price Index                                                          -3.8%  

14:30 CAD       S&P Global Manufacturing PMI DEC              49.2     49.6    

14:45 USD       S&P Global Manufacturing PMI DEC              46.2     46.2    

20:30 USD       Total Vehicle Sales DEC                                              14.1    

Tuesday’s earnings reports: BLDE ACUR LMPX KLDO IRNT

Wednesday, January 4

The U.S ISM Manufacturing PMI for December is expected at 48.5 below the previous reading of 48.

FOMC minutes will provide insights on the Feds outlook and the path of the interest rates in early 2023.

00:01 GBP       BRC Shop Price Index (YoY) NOV                                7.4%   

00:30 JPY         Jibun Bank Manufacturing PMI DEC              48.8     48.8    

07:00 EUR       Import Price Index (YoY) NOV                                    19.5%  23.5% 

07:00 EUR       Import Price Index (MoM) NOV                     1.4%    -1.2%  

07:30 CHF        Consumer Price Index (MoM) DEC                0%       0%      

07:30 CHF        Consumer Price Index (YoY) DEC                   3.4%    3%      

07:45 EUR       Consumer Price Index (EU norm) (YoY) DEC              7.3%    7.1%

07:45 EUR       Consumer Price Index (EU norm) (MoM) DEC           0.7%    0.4%

07:45 EUR       Consumer Confidence DEC                 83        83       

08:15 EUR       S&P Global Services PMI DEC             50.5     51.2    

08:50 EUR       S&P Global Services PMI DEC             48.1     48.1    

08:50 EUR       S&P Global Composite PMI DEC                     48        48       

08:55 EUR       S&P Global/BME Services PMI DEC               49        49       

08:55 EUR       S&P Global/BME Composite PMI DEC                       48.9     48.9

09:00 EUR       S&P Global Services PMI DEC             49.1     49.1    

09:00 EUR       S&P Global Composite PMI DEC                     48.8     48.8    

09:30 GBP       Net Lending to Individuals (MoM) NOV                                 £4.7B

09:30 GBP       Consumer Credit NOV                        £0.759B           £0.769B          

09:30 GBP       M4 Money Supply (YoY) NOV                         4.8%   

09:30 GBP       M4 Money Supply (MoM) NOV                      0.4%    0%      

13:55 USD       Redbook Index (YoY) DEC 30                          9.6%   

15:00 USD       ISM Manufacturing Prices Paid DEC              42.3     43       

15:00 USD       ISM Manufacturing New Orders Index DEC               48.1     47.2

15:00 USD       ISM Manufacturing PMI DEC             48.5     49       

15:00 USD       ISM Manufacturing Employment Index DEC              49.1     48.4

15:00 USD       JOLTS Job Openings NOV                    10.442 10.334

19:00 USD       FOMC Minutes                                               

22:00 AUD       S&P Global Composite PMI DEC                                 47.3    

22:00 AUD       S&P Global Services PMI DEC             46.9     46.9    

Wednesday’s earnings reports: PKE BBBY NTIC RGP CCF UNF

Thursday, January 5

01:45 CNY       Caixin Services PMI DEC                     47.5     46.7    

05:00 JPY         Consumer Confidence Index DEC                   29.1     28.6    

07:00 EUR       Imports (MoM) NOV               1.3%    -3.7%  

07:00 EUR       Trade Balance s.a. NOV                      €5.3B   €6.9B  

07:00 EUR       Exports (MoM) NOV               0.6%    -0.6%  

08:00 EUR       Unemployment Change DEC                          -33.512           

09:30 GBP       S&P Global/CIPS Services PMI DEC                50        50       

09:30 GBP       S&P Global/CIPS Composite PMI DEC                                    49       

10:00 EUR       Producer Price Index (YoY) NOV                    28.2%  30.8% 

10:00 EUR       Producer Price Index (MoM) NOV                 -0.5%   -2.9%  

12:30 USD       Challenger Job Cuts DEC                                76.835

13:15 USD       ADP Employment Change DEC                       134      127     

13:30 CAD       Exports NOV                            $67.04B          

13:30 CAD       International Merchandise Trade NOV                                  $1.21B

13:30 CAD       Imports NOV                           $65.82B          

13:30 USD       Goods and Services Trade Balance NOV                                $-78.2B

13:30 USD       Initial Jobless Claims DEC 30                          230   225        

13:30 USD       Continuing Jobless Claims DEC 23                              1.71    

13:30 USD       Initial Jobless Claims 4-week average DEC 30                                   221

13:30 USD       Goods Trade Balance NOV                             $-83.3B           

14:45 USD       S&P Global Composite PMI DEC                     44.6     44.6    

14:45 USD       S&P Global Services PMI DEC             44.4     44.4    

21:30 AUD       AiG Performance of Services Index DEC                                45.6    

Thursday’s earnings reports: ANGO WBA CAG STZ LNN SMPL NEOG. Conagra Brands (CAG) is expected to report earnings per share of $0.66. Constellation Brands Inc (STZ) will report earnings before the market opens and analysts expect earnings of $2.9 per share. Walgreens Boots Alliance (WBA) also reports on Thursday with expectations of $1.13.

Friday, January 6

Friday is a busy day and investors will focus on the NFP report; the November reading beat the consensus as it came at 263k, and now the expectations are for 200k. The unemployment rate is expected unchanged at 3.7%.

The unemployment rate in Canada is expected slightly higher at 5.2% from 5.1% in November.

07:00 EUR       Germany Retail Sales (YoY) NOV                   -2.5%   -5%     

07:00 EUR       Germany Retail Sales (MoM) NOV                0.3%    -2.8%  

07:00 EUR       Germany Factory Orders n.s.a. (YoY) NOV                -7%      -3.2%  

07:00 EUR       Germany Factory Orders s.a. (MoM) NOV                -0.7%   0.8%   

07:30 CHF        Real Retail Sales (YoY) NOV               3%       -2.5%  

07:45 EUR       France Consumer Spending (MoM) NOV       -1.5%   -2.8%  

08:00 CHF        Foreign Currency Reserves DEC                                 790     

09:30 GBP       S&P Global Construction PMI DEC                 51.7     50.4    

10:00 EUR       Harm. Index of Consumer Prices (MoM) DEC                       0.8%    -0.1%

10:00 EUR       Harm. Index of Consumer Prices (YoY) DEC              10.5%  10.1%

10:00 EUR       Core Harm. Index of Consumer Prices (MoM) DEC               -0.1%   0%

10:00 EUR       Core Harm. Index of Consumer Prices (YoY) DEC                  5.2%    5%

10:00 EUR       Business Climate DEC                         0.54    

10:00 EUR       Industrial Confidence DEC                  -1.6      -2        

10:00 EUR       Consumer Confidence DEC                 -22.2    -22.2   

10:00 EUR       Services Sentiment DEC                      2.1       2.3      

10:00 EUR       Economic Sentiment Indicator DEC                93        93.7    

10:00 EUR       Retail Sales (MoM) DEC                     0.1%    -1.8%  

10:00 EUR       Retail Sales (YoY) DEC                                    2.4%    -2.7%  

13:30 CAD       Net Change in Employment DEC                    -5.2      10.1    

13:30 CAD       Average Hourly Wages (YoY) DEC                              5.4%   

13:30 CAD       Unemployment Rate DEC                   5.2%    5.1%   

13:30 CAD       Participation Rate DEC                       64.8%  64.8% 

13:30 USD       Nonfarm Payrolls DEC                                   200      263     

13:30 USD       Average Hourly Earnings (YoY) DEC               4.9%    5.1%   

13:30 USD       U6 Underemployment Rate DEC                    6.7%    6.7%   

13:30 USD       Labor Force Participation Rate DEC               62.1%  62.1% 

13:30 USD       Unemployment Rate DEC                 3.7%    3.7%   

13:30 USD       Average Weekly Hours DEC               34.5     34.4    

13:30 USD       Average Hourly Earnings (MoM) DEC                                    0.6%   

15:00 USD       ISM Services New Orders Index DEC              58.5     56       

15:00 USD       ISM Services Prices Paid DEC             71.5     70       

15:00 USD       ISM Services PMI DEC                       55.5     56.5    

15:00 USD       ISM Services Employment Index DEC             50.2     51.5    

15:00 USD       Factory Orders (MoM) NOV               -0.1%   1%      

Friday’s earnings reports: GBX  

*The first number is the consensus estimate and the second number is the previous reading.

Previous Article

How Markets Performed in 2022

Next Article

NIO Provides December, Q4 and Full Year 2022 Delivery Update

You might be interested in …

AAPL Apple earnings

Credit Suisse Cuts Apple (AAPL) Q1 Estimates

Credit Suisse cuts iPhone first quarter 2023 estimate by 7 million to 69 million pieces. Total revenue for the first quarter was estimated 2% lower than the same quarter last year at $121.66 billion