The Federal Reserve hasn’t changed the rates in January, but confirmed their plans to lift them in 2016. January was so nervous for the markets that nobody expected that Fed will raise the rates.
Meantime, gossips about future agreement between OPEC and Russia to decrease oil production moved the prices up. And despite many sources refuse these agreements, many indexes folowed oil prices and moved up. On the coming week we are expeting a lot of PMI indexes (China, French, German, Great Britain, US) and of course, US Non-Farm Payrolls release will the most notable event:
(All times are GMT)
On Monday, at 9:30am Manufacturing PMI (Purchasing Managers’ Index ) in Great Britain will be released by Markit.
At 3:00pm The Institute for Supply Management (ISM) will release the ISM Manufacturing PMI for US.
At 4:00pm ECB President Draghi testify about the 2015 ECB Annual Report before the European Parliament, in Strasbourg.
On Tuesday, at 3:30am, Reserve Bank of Australia will anounce Cash Rate – short term interest rates. And as usually Reserve Bank of Australia Rate Statement will follow.
At 9:30am Markit will provide Great Britain’s Construction PMI.
At 9:45pm Statistics New Zealand will release quartely Employment Change and Unemployment Rate.
At 11:45pm Reserve Bank of New Zealand Governor Graeme Wheeler deliver a speech titled “The Global Economy, New Zealand’s Economic Outlook, and the Policy Target Agreement” at the Canterbury Employers’ Chamber of Commerce, in Christchurch.
On Wednesday, at 12:30am Australian Bureau of Statistics will publish monthly Trade Balance and monthly Building Approvals.
At 4:30am Bank of Japan Governor Haruhiko Kuroda speaks at the Kisaragi-kai meeting, in Tokyo.
At 9:30am information about Services PMI from Great Britain will be released by Markit.
At 1:15pm US Non-Farm Employment Change will be announced by Automatic Data Processing, Inc. (ADP).
At 3:00pm US ISM Non-Manufacturing PMI will be released by Institute for Supply Management.
At 3:00pm Crude Oil Inventories release from US Energy Information Administration.
On Thursday, at 8:00am ECB President Draghi speaks at the Deutsche Bundesbank’s Marjolin Lecture, in Frankfurt.
At 12:00pm a lot of information from Bank of England – Inflation Report, Official Bank Rate Votes distribution, Monetary Policy Summary and Official Bank Rate will be published.
At 12:45pm Bank of England Governor Mark Carney holds a press conference, along with other MPC members, about the Inflation Report, in London.
At 1:30pm numbers of US Unemployment Claims are expected from Department of Labor.
On Friday, at 12:30am Australian Bureau of Statistics will announce monthly Retail Sales.
The same time (at 12:30am), Reserve Bank of Australia provides Monetary Policy Statement.
At 1:30pm, simultaneously a lot of data from Statistics Canada will provided: Employment Change, Unemployment Rate and Trade Balance.
At the same time, at 1:30pm data from US labor market will arrive. As usually, US Non-Farm Payrolls data are published on the first Friday of month. And of course, US Unemployment Rate and changes in monthly Average Hourly Earnings are issued together with US NFP.
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