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's trade boom slows
In December, China's exports and imports surge slowed having ascended in the previous month, thus contributing to indications of ebbing economic momentum because the country’s authorities extend a crackdown on financial risks as well as factory pollution.
A synchronized leap in the global economy for the last year has been a boon to this Asian country and also much of trade-dependent Asia, with China’s exports in 2017 soaring at their fastest pace for four years.
The steep December imports slowdown is driving worries that the world's number two economy experiences domestic-demand pressure because the government turns off cheap credit and limits speculative financing.
In December, exports tacked on 10.9% from 2016, surpassing experts’ estimate of a 9.1% jump, although cooling from a firm 12.3% revenue in November, as the General Administration of Customs informed on Friday.
Notwithstanding the December slowdown, the overall picture for last year definitely underscored firm global appetite for China’s products ranging from household appliances, electronics as well as a vast range of consumer goods.
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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.