Morning Update – 01/02/16 by Michela Jaccarini
February 1, 2016Good morning!
Today is the start of another week and the first trading day for February. Following a busy week it will be interesting to see how markets continue to develop, based on the interest rate decision by the US, New Zealand and Bank of Japan.
This week, particular importance shall be Friday’s economic news of Nonfarm Payrolls. The outcome of this could be useful when analysing the possibility of a FED rate hike in March. A positive figure means that the labour market is still consistently strong which indicates economic stability. A negative figure however could see a dramatic effect on the market as it could price in the likelihood of no rate hike in March.
Important economic news to look out for this week:
- Monday:
- EUR German Manufacturing PMI (Jan)
- GBP Manufacturing PMI (Jan)
- USD ISM Manufacturing PMI (Jan)
- EUR ECB President Draghi speaks
- Tuesday:
- AUD Interest Rate Decision (Feb)
- RBA Rate Statement
- INR Interest Rate Decision
- EUR German Unemployment Change (Jan)
- GBP Construction PMI (Jan)
- NZD Employment Change (QoQ) (Q4)
- RBNZ Gov Wheeler Speaks
- Wednesday:
- GBP Services PMI (Jan)
- USD ADP Nonfarm Employment Change (Jan)
- USD ISM Non-Manufacturing PMI (Jan)
- USD Crude Oil Inventories
- Thursday:
- ECB President Draghi Speaks
- GBP BoE Inflation Report
- GBP Interest Rate Decision (Feb)
- GBP BoE MPC Meeting Minutes
- BoE Gov Carney Speaks
- Friday:
- AUD Retail Sales (MoM) (Dec)
- USD Nonfarm Payrolls (Jan)
- USD Unemployment Rate (Jan)
- CAD Employment Change (Jan)
- CAD Ivey PMI (Jan)
Good luck!
