LS Focus On The Week Ahead
Week Ahead

22 January 2021 / 15.55 GMT

 

All times GMT

 

World Economic Forum (all week)

“Global leaders will head (virtually) to Davos to discuss how to rebuild trust across countries,” Danske Bank noted. “Xi Jinping and other Asian leaders (Modi etc.) are set to speak, and Germany’s Chancellor Merkel and French President Macron will also participate.” A number of central bank policymakers are also scheduled to play a role in the various discussions.

 

Monday 25 January

 

German Jan Ifo Business Confidence (09.00)

Rising investor optimism about Europe’s biggest economy has set the stage for a better mood about the outlook among German managers. But an extension of the country’s current lockdown restrictions until 14 February is expected to depress views on the present situation. (Read our preview here.) Consensus: Business Climate 91.0 (prev 92.1).

 

Tuesday 26 January

 

UK Nov Jobless Data, Dec Claimant Count (07.00)

“Because the UK was in lockdown for most of November, the monthly fall in employment is likely to have been larger than any rise in unemployment as more people moved back onto furlough,” Investec noted. “Still, higher claimant count numbers suggest that unemployment probably continued to climb during the month too.” Consensus: Unemployment Rate 5.2% (prev 4.9%).

 

Wednesday 27 January

 

FOMC Rate Decision With Follow-On Presser (19.00)

“Changes to the FOMC statement are likely to be fairly minor, consistent with no plans for policy changes any time soon,” TD Securities said. “The chairman will likely once again be quite dovish on the policy outlook even as he expresses optimism about growth in the year ahead – with vaccines and fiscal stimulus ultimately contributing to strength.” Consensus: Rate Hold.

 

Thursday 28 January

 

US Q4 Advance GDP (13.30)

Moody’s Analytics said, “Our high-frequency GDP model has fourth-quarter GDP growth tracking 6.1% at an annualised rate. Resilience in the housing market, though cooling of late, has remained a key support for the US economy.” Consensus: 4.1% (prev 33.4%).

 

Friday 29 January

 

German Flash Q4 GDP (09.00)

Oxford Economics is following guidance from the German statistics office, which predicted a flat final three months of 2020 following another bout of lockdown restrictions.  “Germany is likely to have seen a stagnation in GDP growth in Q4 as strong industrial output offset the struggles faced by the contact-intensive services." Q/Q Consensus: 0.0% (prev 8.5%).

 

— LiveSquawk News

Week Ahead Infograph
Days according to time of event in GMT.