In the week ahead, investors will be turning their attention to Friday’s U.S. nonfarm payrolls report for further indications on the strength of the recovery in the labor market. Central bank policy meetings in the U.K. and Australia will also be in focus.
Monday, February 2
China is to release a report on the HSBC manufacturing index. In the euro zone, Spain is to release data on the change in the number of people employed. The U.K. is to publish its manufacturing index. In the U.S., the Institute of Supply Management is to release data on manufacturing activity. The country will also produce a report on personal income and spending.
Tuesday, February 3
Australia is to release data on building approvals and the trade balance. Later in the day, the Reserve Bank of Australia is to announce its benchmark interest rate and publish its rate statement, which outlines economic conditions and the factors affecting the monetary policy decision. The U.K. is to publish a report on construction sector activity. The U.S. is to release data on factory orders.
Wednesday, February 4
New Zealand is to release data on the change in the number of people unemployed and the unemployment rate. Elsewhere, China is to publish its HSBC service sector index. The euro zone is to publish a report on retail sales. The U.K. is to publish a report on service sector activity. The U.S. is to release a report on ADP nonfarm payrolls. Later in the day, the Institute of Supply Management is to release data on non-manufacturing activity. Canada is to publish its Ivey PMI.
Thursday, February 5
Australia is to publish data on retail sales. The Bank of England is to announce its monetary policy decision. The U.S. is to produce its weekly report on initial jobless claims in addition to data on the trade balance. Canada is also to report on its trade balance.
Friday, February 6
The RBA is to publish its monetary policy statement. The Swiss National Bank is to publish a report on foreign currency reserves. The U.K. is to produce a report on the trade balance. Canada is to report on building permits and the change in the number of people employed and the unemployment rate. The U.S. is to round up the week with the closely watched nonfarm payrolls report, and data on wage growth.