In the upcoming week, traders are examining global markets for economic insights. The author wishes a prosperous New Year, emphasizing analysis of Consumer Price Index trends in the US and China, alongside various international economic indicators. Join for strategic evaluations and potential market shifts.
Weekly Stock Market Overview
Monday, January 8th, 2024
Attention on Monday revolves around Europe, particularly Germany, where recently disclosed International Trade data and Factory Orders indicate a trade surplus exceeding expectations. While there is a positive 0.3% increase in factory orders, it falls short of the projected 1.0% rise. Switzerland’s CPI for December 2023 exceeded expectations at 1.7%, coupled with encouraging retail sales figures, showcasing a positive trend.
The Eurozone’s Economic Sentiment data and Retail Sales figures are expected later in the day. In the evening, Japan unveils Household Spending data and Tokyo’s Consumer Price Index for December 2023, offering insights into Japan’s inflation landscape.
Tuesday, January 9th, 2024
Australia takes the lead on Tuesday with Retail Sales data, anticipating a substantial 1.2% growth. Following this, Switzerland’s Unemployment Rate and Germany’s Industrial Production change are in focus. EuroStat releases the Eurozone’s Unemployment Rate, with no significant shifts expected. International Trade data from Canada and the US will be detailed in the afternoon.
Wednesday, January 10th, 2024
Wednesday remains relatively quiet, featuring Australia’s CPI release with expectations of a decline to around 4.4%. Commodity traders will monitor the EIA Weekly Petroleum Status Report. Scheduled speeches by Luis de Guindos and John Williams are not anticipated to create significant market shifts.
Thursday, January 11th, 2024
Australia unveils International Trade data early on Thursday. The European Central Bank publishes its Economic Bulletin at 9 am. The much-anticipated US Consumer Price Index (CPI) change is expected, with any deviations potentially influencing the market. No significant speeches are scheduled.
Friday, January 12th, 2024
China releases its Inflation Rate and International Trade data early on Friday. The UK’s Office for National Statistics provides updates on GDP, Goods Trade Balance, and Industrial and Manufacturing Production. The week concludes with the US Producer Price Index (PPI) release. Speeches by Mr. Lane and Neel Kashkari are scheduled but aren’t anticipated to heavily impact the market.
Throughout the week, traders are advised to focus on the developments in the Consumer Price Index in the US and China, along with keeping a watchful eye on economic indicators across various nations for potential market opportunities.
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