Thursday is a busy day with plenty of potential market movers, so let’s take a closer look with the Economic Calendar. I’m Doireann McDermott First up at 7 o’clock in the morning is the UK Nationwide House Price Index for January. The Index came in lower than expected in December as UK housing market continues to slow down. The closely watched German labour report for January follows at 8:55. The December report surprised on the upside as jobless rate fell to a record-low level. UK CBI Reported Sales for January will be available at 11. The December Index soared to its highest level since 1988, fuelled by Black Friday sales. Coming up next at 1 PM is the highly anticipated German Preliminary Consumer Price Index for January. Consumer prices have stood unchanged for the past two months, and this release is expected to show deflation in the largest Euro Zone economy. Yet another known market mover comes at 1:30, and it is the weekly update on US Jobless Claims. Initial claims went down by 10 thousand during the week ending January 17, while the continuing claims rose by 15 thousand during the week ending January 10. US Pending Home Sales for December are out at 3. Sales rebounded in November from a 1.2% drop the previous month. Two news releases regarding the Japanese economy in December are scheduled at half past 11, including the closely watched Consumer Price Index. The annual deflation has been falling for the past four months. Jobless Rate has stood unchanged for the past two months, and the trend is expected to continue this time around. Preliminary estimate of Japanese Industrial Production for December will be available at 11:50. Industrial output saw a disappointing drop in November, reversing a point 4% increase a month ago. UK GfK Consumer Confidence for January is up next at 5 minutes past midnight. British consumers grew increasingly pessimistic in December as the Index lost two points. And last up at half past midnight is the Australian fourth quarter Producer Price Index. Prices grew in line with expectations in the third quarter as rising construction prices offset declining electricity and fuel prices. That concludes the Economic Calendar for Thursday, the 29th of January. We’ll be back with our next overview of key events for Friday, but until then, goodbye.
Thursday is a busy day with plenty of potential market movers, so let’s take a closer look with the Economic Calendar. I’m Doireann McDermott
First up at 7 o’clock in the morning is the UK Nationwide House Price Index for January. The Index came in lower than expected in December as UK housing market continues to slow down.
The closely watched German labour report for January follows at 8:55. The December report surprised on the upside as jobless rate fell to a record-low level.
UK CBI Reported Sales for January will be available at 11. The December Index soared to its highest level since 1988, fuelled by Black Friday sales.
Coming up next at 1 PM is the highly anticipated German Preliminary Consumer Price Index for January. Consumer prices have stood unchanged for the past two months, and this release is expected to show deflation in the largest Euro Zone economy.
Yet another known market mover comes at 1:30, and it is the weekly update on US Jobless Claims. Initial claims went down by 10 thousand during the week ending January 17, while the continuing claims rose by 15 thousand during the week ending January 10.
US Pending Home Sales for December are out at 3. Sales rebounded in November from a 1.2% drop the previous month.
Two news releases regarding the Japanese economy in December are scheduled at half past 11, including the closely watched Consumer Price Index. The annual deflation has been falling for the past four months.
Jobless Rate has stood unchanged for the past two months, and the trend is expected to continue this time around.
Preliminary estimate of Japanese Industrial Production for December will be available at 11:50. Industrial output saw a disappointing drop in November, reversing a point 4% increase a month ago.
UK GfK Consumer Confidence for January is up next at 5 minutes past midnight. British consumers grew increasingly pessimistic in December as the Index lost two points.
And last up at half past midnight is the Australian fourth quarter Producer Price Index. Prices grew in line with expectations in the third quarter as rising construction prices offset declining electricity and fuel prices.
That concludes the Economic Calendar for Thursday, the 29th of January. We’ll be back with our next overview of key events for Friday, but until then, goodbye.
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