Welcome to the Investors Trading Academy economic
calendar of the week. Each week our news analysts review the upcoming economic events that you
should be monitoring. Last week’s market volatility caused by
events in China’s financial markets could continue into this week with a full slate
of data from the Red Dragon. The key Chinese economic data occurs early in the coming week
while the key US data is populated late in the week.
While some key Chinese data is likely to be released early in the week, the actual release
dates haven’t been firmly decided, so money supply and lending figures could be issued
between January 9-15. The Chinese inflation figures for December
(producer and consumer prices) are set for release on Saturday January 9. Consumer prices
are up just 1.5 per cent over the year with producer prices down 5.9 per cent. And on
Wednesday in China’s exports and imports figures are set for release.
With US non-farm payrolls out of the way, and indices looking weaker, the FTSE 100 will
receive plenty of interest as the stream of trading updates for the Christmas period begins.
Retailers will be the main focus, especially given all the attention the sector enjoyed
last week. US earnings season is also getting underway, with Alcoa and the US banks taking
their traditional place at the head of the parade.
In addition, we have the latest Bank of England decision, and while no change is expected,
it will be interesting to see whether the Fed’s decision to move in December has emboldened
the hawks of the monetary policy committee. In the US, the week kicks off with the employment
trends report while on Tuesday the National Federation for Independent Business releases
its small business optimism index. The weekly data on chain store sales is also issued on
Tuesday. On Wednesday the Federal Reserve releases
its Beige Book — a summary of economic conditions across Federal Reserve districts. This survey
of economic conditions is a key input to the decision making at the January 26-27 Federal
Reserve meeting. Federal budget figures are also released on Wednesday together with the
regular weekly figures on housing finance. On Thursday the December data on import and
export prices is released together with the weekly figures on new claims for unemployment
insurance. Up to this point there hasn’t been much
in the way of ‘top shelf’ or market-moving economic data. That all changes on Friday
with data on producer prices, retail sales, industrial production and consumer sentiment
are slated for release.