What happened before this:
- Australia’s central bank ends bond buying, but in no hurry to hike
- Fed Officials Stress Not Jamming Brakes On Economy As Hikes Loom
- White House Retools Manchin Strategy, Biden Agenda On The Line
- Blinken, Lavrov Set For Talks After Us-Russia Showdown At UN
- Senators Near Deal On Russia Sanctions To Deter Ukraine Invasion
- Eurozone Factory Growth Accelerated In Jan As Bottlenecks Eased
- German December Retail Sales Slump As Covid Measures Hit Trade
- France Follows Germany With Stronger-Than-Expected Inflation
- UK January Factory Output Rises At The Fastest Rate In Six Months
- US Treasury Yields Inch Higher Ahead Of ISM, Job Openings Data
- US Dollar Falls Further From High; Aussie Dollar Recovers Post RBA
- Oil Below $89 On Talk Of Faster OPEC+ Hike; Gold Above $1,800
- European Equity Markets Firmly In The Green; US Futures Slip
- For the first time since 2015, the German 2-year yield was above the ECB rate.
Economic Release Data:
- Eurozone Unemployment Rate Dec: 7.0% (est 7.1%; prev 7.2%; prevR 7.1%)
- Eurozone Manufacturing PMI Jan F: 58.7 (est 59.0; prev 59.0)
- German Retail Sales (M/M) Dec: -5.5% (exp -1.4%; prevR 0.8%)
- German Retail Sales NSA (Y/Y) Dec: 0.0% (exp 3.4%; prevR 0.5%)
- German Unemployment Change Jan: -48.0K (est -6.0K; prev -23.0K; prevR -29.0K)
- German Unemployment Claims Rate SA Jan: 5.1% (est 5.2%; prev 5.2%)
- German Manufacturing PMI Jan F: 59.8 (est 60.5; prev 60.5)
- French CPI (Y/Y) Jan P: 2.9% (est 2.5%; prev 2.8%)
- French CPI EU Harmonised (Y/Y) Jan P: 3.3% (est 2.9%; prev 3.4%)
- French Manufacturing PMI Jan F: 55.5 (est 55.5; prev 55.5)
- Italian Unemployment Rate Dec: 9.0% (est 9.2%; prev 9.2%; prevR 9.1%)
- Italian Manufacturing PMI Jan: 58.3 (est 61.2; prev 62.0)
- Spanish Manufacturing PMI Jan: 56.2 (est 56.0; prev 56.2)
- UK Manufacturing PMI SA Jan F: 57.3 (est 56.9; prev 56.9)
- UK Mortgage Approvals Dec: 71.0K (est 66.0K; prev 67.0K; prevR 67.9K)
- Swiss Retail Sales Real (Y/Y) Dec: -0.4% (prev 5.8%; prevR 5.3%)
What’s ahead:
- Canada GDP MoM
- Forecast: 0.3%
- Previous: 0.8%
- Canada Markit Manufacturing PMI
- Forecast: 56.5
- Previous: 56
- US Markit Manufacturing PMI (Jan)
- Forecast: 55
- Previous: 57.7
- US ISM Manufacturing PMI (Jan)
- Forecast: 57.5
- Previous: 58.7
- US JOLs Job Openings (Dec)
- Forecast: 10.3M
- Previous: 10.562M