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.
French service sector increases hiring as activity surges
In November, surge in France's booming service sector managed to surpass preliminary estimates because firm demand led companies to increase hiring to the fastest pace for 16 years, as a monthly poll unveiled on Tuesday.
Data compiler IHS Markit told that its purchasing managers' index for services edged up to 60.4 from October’s outcome of 57.3, which is the highest outcome since May 2011.
The outcome turned to be better than a preliminary result of 60.2 and pushed the index further away from the 50-point mark, which divides expansions in activity from contractions.
The French service sector seems to be closing out this year on a firmly upbeat footing, with both business activity as well as new orders reaching six-and-a-half year maximums in November.
IHS Markit's composite PMI index, including the services and manufacturing data, tacked on to 60.3 from October’s reading of 57.4, thus topping a preliminary estimate of 60.1.
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.