Events to Look Out For Next Week

The majority of countries publish their CPI data in the coming week, however, the UK Parliamentary vote on the Brexit deal on Tuesday stands out as the event of the week.

Monday – 14 January 2019

  • China Imports and Exports (CNY, N/A) – Chinese export growth in December is expected to have reduced to 3%, compared to 5% in the previous month, while import growth is expected to have increased by 5% compared to 3% in November.
  • Euro Area Industrial Production (EUR, GMT 10:00) – Industrial Production is expected to have declined by 1% in the Euro Area, compared to an increase of 0.2% in October.

Tuesday – 15 January 2019

  • UK Parliamentary vote on Brexit (GBP-EUR, N/A) – EVENT OF THE WEEK – The Parliamentary vote on whether Theresa May’s agreed exit plan with EU authorities will be accepted. Consensus forecast is that the plan will be rejected, however, regardless of the result, the outcome is expected to cause a lot of volatility in the Euro and Sterling markets.
  • Producer Price Index (USD, GMT 13:30) – The US PPI is expected to have remained at the elevated 2.7% on a y/y basis, on account of the higher prices paid by US corporations due to the China tariffs.
  • Machinery Orders (JPY, GMT 23:50) – A leading indicator of production, higher than expected machinery orders are a sign of a growing economy. Orders are expected to have grown by 0.4% on a y/y basis in November, compared to a 4.5% increase in December.

Wednesday – 16 January 2019

  • Consumer and Producer Price Index (GBP, GMT 09:30) – The UK CPI is expected to have eased slightly in December, with inflation expected to have been at 2.2%, compared with a 2.3% rate in the previous month. The PPI is expected to have increased by 4.6% compared to 5.6% in November, while the Retail Price Index should come out at 2.8%, compared to 3.2% in November.
  • Retail Sales ex Autos (USD, GMT 13:30) – Retail Sales are expected to have remained at the same levels as in December, at 0.2% m/m.

Thursday – 17 January 2019

  • G20 Meeting (ALL, Full Day Event) – Finance ministers from the world’s 20 largest economies are meeting to discuss topical issues in this two-day event.
  • Home Loans (AUD, GMT 00:30) – Home loans are expected to have decreased by 1.5% in November, compared with an increase of 2.2% in the previous month.
  • Consumer Price Index (EUR, GMT 10:00) – The Euro Area CPI is expected to come out at 1.6% y/y, the same as in November.
  • Housing Starts (USD, GMT 13:30) – Housing starts are expected to have declined slightly, at 1.25 million compared to 1.256 million in November.
  • Philly Fed Index (USD, GMT 13:30) – The Philly Fed Index of Manufacturing is expected to come out at 10, compared to 9.4 in December, highlighting an improvement in the sector.
  • Consumer Price Index (JPY, GMT 23:30) – The Japanese CPI is expected to come out at 0.8% y/y, compared to 0.9% in November.

Friday – 18 January 2019

  • G20 Meeting (ALL, Full Day Event) – Finance ministers from the world’s 20 largest economies continue their meeting for the second day.
  • Retail Sales (GBP, GMT 09:30) – Retail Sales excluding Fuel are expected to decline by 1.2% m/m, compared to a 1.2% increase in November.
  • Consumer Price Index (CAD, GMT 13:30) – The Canadian CPI is expected to come out at 1.8%, compared to 1.7% in November.
  • Industrial Production, Capacity Utilization (USD, GMT 14:15) – Industrial Production is expected to have increased by 0.3% in December, compared with an increase of 0.6% in the previous month, while Capacity Utilization is expected to have stood at the November levels.
  • University of Michigan Sentiment Index (USD, GMT 15:00) – The Sentiment Index is expected to stand at 97.1 in January, down from 98.3 in December.

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Dr Nektarios Michail

Market Analyst


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