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.
Sturdy German exports back trade surplus in May
In May, German exports inched up more strongly than expected, outpacing a solid soar in imports and also widening the trade surplus of the EU’s leading economy, as data disclosed on Monday.
The shockingly firm trade figures, published by the Federal Statistics Office, show how the German economy’s actually firing on all cylinders ahead of a September 24 federal election, where Chancellor Angela Merkel is looking for a fourth term.
Besides this the data will spur the debate about Germany's export strength after on Friday the IMF repeated its call for Berlin to step up investment as a way to stimulate imports, back the economic recovery in other countries and also cut its record trade surplus.
Seasonally adjusted exports edged up 1.4%, which is fifth consecutive monthly jump, while imports tacked on 1.2%, according to the data from the Federal Statistics Office.
Both figures surpassed expectations: A Reuters survey had pointed to exports adding 0.3% and imports growing by 0.5%.
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.