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. Wednesday’s Federal Reserve meeting minutes will be also closely watched, while the euro zone is to publish preliminary data on consumer prices.
Monday, January 5
In the euro zone, Germany is to publish preliminary data on consumer price inflation, while Spain is to report on the change in the number of people employed. The U.K. is to release data on construction sector activity.
Tuesday, January 6
Australia is to produce data on the trade balance. Elsewhere, China is to publish its HSBC service sector index. The U.K. is to publish a report on service sector activity. Later in the day, the Institute of Supply Management is to release data on non-manufacturing activity.
Wednesday, January 7
Germany is to publish data on retail sales, as well as a report on the change in the number of people employed. The euro zone is to release preliminary data on consumer inflation and a report on the unemployment rate. The SNB is to publish a report on foreign currency reserves. The U.S. is to release a report on ADP nonfarm payrolls, in addition to data on the trade balance. Canada is also to report on its trade balance and publish its Ivey PMI. Later Wednesday, the Federal Reserve is to publish the minutes of its most recent meeting.
Thursday, January 8
Australia is to release data on building approvals. The euro zone is to publish a report 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. New Zealand is to publish data on building consents.
Friday, January 9
Australia is to publish data on retail sales. China is to release data on consumer price inflation. The U.K. is to produce a report on industrial and manufacturing production, as well as data 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.