Key events in the Week Ahead 27-31/12/2022

Key Events CPI Non-Farm Payrolls volatility RBA

A low volatility week is expected for the last trading week of the year.

Monday 26 the stock and bond markets are closed.

On Tuesday we don’t have any major economic release while in the USA, the Goods Trade Balance and the Dallas Fed Manufacturing Business Index will be released.

Tuesday, December 27

(Expected – Previous)

13:30 USD Goods Trade Balance $-98.8B

14:00 USD Housing Price Index (MoM) 0.8% 0.1%

15:30 USD Dallas Fed Manufacturing Business Index -14.4

23:50 JPY BoJ Summary of Opinions

23:50 JPY Industrial Production (MoM) -3.2%

23:50 JPY Industrial Production (YoY) 3%

Tuesday’s earnings reports: BHP LEGN SGFY PBFS KWE NCRA

Wednesday, December 28

Wednesday the Redbook Index and Richmond Fed Manufacturing Index will be released and the expectations are for -4, the previous reading was at -9.

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

09:00 CHF ZEW Survey – Expectations -50.5 -57.5

13:55 USD Redbook Index (YoY) 7.6%

15:00 USD Richmond Fed Manufacturing Index -4 -9

Wednesday’s earnings reports: SID CALM NEXT NESR CO OTLK FRBK

Thursday, December 29

Retail sales from Spain will be the major event in Eurozone with expectations at 1.1%, the previous reading was at 1%. In the USA the focus will be on the Initial Jobless Claims.

08:00 EUR Retail Sales (YoY) 1.1% 1%

09:00 EUR M3 Money Supply (YoY) 4.1% 5.1%

09:00 EUR Private Loans (YoY) 4.1% 4.2%

09:00 EUR M3 Money Supply (3m) 5.8%

13:30 USD Continuing Jobless Claims 1.672

13:30 USD Initial Jobless Claims 4-week average 221.75

13:30 USD Initial Jobless Claims 216

Thursday’s earnings reports: MITK SHAP VZLA CORZ ZEST

Friday, December 20

Investor’s focus will turn to Spain’s CPI on Friday and the expectations are for a yearly reading of 5.6% the previous reading was at 6.8%.

U.S. traders await the Chicago Purchasing Managers’ Index, and the expectations are for 41.2 above the previous month’s reading of 37.2.

08:00 EUR Consumer Price Index (YoY) 5.6% 6.8%

08:00 EUR Consumer Price Index (MoM) 0.4% -0.1%

08:00 EUR Harmonized Index of Consumer Prices (MoM) 1.5% -0.3%

08:00 EUR Harmonized Index of Consumer Prices (YoY) 6.8% 6.7%

08:00 CHF KOF Leading Indicator 86.9 89.5

09:00 EUR Current Account Balance €0.735B €0.36B

09:30 EUR Consumer Price Index (YoY) 9.9%

09:30 EUR Consumer Price Index (MoM) 0.3%

10:00 EUR Retail Sales (YoY) 1.4%

10:00 EUR Producer Price Index (YoY) 35.4% All day AUD New Year’s holiday

14:45 USD Chicago Purchasing Managers’ Index 41.2 37.2

Friday’s earnings reports: CSAN AVAL AZRE INTG

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