LS Focus On The Week Ahead
Week Ahead

24 January 2020

 

All Times GMT

 

Monday 27 January

 

German Jan Ifo Business Climate (10.00)

This month’s surveys have shown increasing confidence in Europe’s largest economy, and analysts expect more of the same when German managers send in their responses to the monthly Ifo questionnaire (read our preview here). Consensus: Business Climate 97.0 (prev 96.3).

 

Wednesday 29 January

 

US Fed Rate Decision (19.00)

“The funds rate will almost certainly be left unchanged,” TD Securities said. “Tweaks to the FOMC statement are likely to be minor.” Consensus: Rate hold.

 

Thursday 30 January

 

BoE Rate Decision (12.00)

The positive survey evidence for the period since mid-December presents one reason why we think speculation that the next MPC meeting (which concludes on 30 January and will be Mark Carney’s last) will deliver a cut in interest rates is misguided,” Oxford Economics said. Consensus: Rate hold.

 

German Jan CPI, HICP (13.00)

German states begin reporting their latest non-EU harmonised inflation data at 08.00 GMT, which should plot the direction for the national number later in the day. The countrywide rate sets up the Eurozone number on Friday. Consensus: HICP 1.7pct Y/Y (prev 1.5pct).

 

US Q4 Advance GDP (13.30)

Michael Hewson, chief market analyst at CMC Markets UK, said: “The slowdown in the manufacturing sector, along with the GM strike could well have hit the economy in Q4, however with unemployment still at 50-year lows, and wage growth trending in or around 3pct, anything around the 2pct level is likely to be fairly well received.” Consensus: 2.1pct (prev 2.1pct).

 

Friday 31 January

 

EZ Jan Flash HICP, 2nd Estimate Q4 GDP (10.00)

Capital Economics said it was less optimistic about consumer price growth than the majority of the market. “Headline inflation probably eased to 1.2pct in January, from 1.3pct in December, due to a decline in the core inflation rate. Consensus: HICP Y/Y 1.4pct (prev 1.3pct); GDP Y/Y 1.1pct (prev 1.2pct), Q/Q 0.2pct (prev 0.2pct).

 

--- LiveSquawk News

Week Ahead Infograph