The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
China factory activity declines in June
In China factory activity is supposed to have cooled moderately in June from last month, according to a Reuters survey. Chinese manufacturers are suppressed by government efforts to minimize high levels of debt across the world's number two economy.
The vast majority of experts agree that Beijing's crackdown on debt risks as well as tightening financial conditions will slow the country’s momentum after a strong start to 2017, when first quarter surge was 6.9%.
Corporates are currently experiencing higher financing costs, and these costs could ripple through to decisions on hiring, investment and wages over 2018.
Furthermore, a raft of property curbs have effectively cooled sales in China’s key cities and also started impacting property investment. Obviously, investment surge in the real estate sector decreased for the first time for three months.
It could affect the construction sector, which is a huge boon for the Chinese economy for the last few quarters.
China’s manufacturing Purchasing Managers' Index is supposed to hit 51.0, and it would be the lowest outcome since September dip, capping the 11th straight month of surge.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.