Weekly Market Events

Monday: December’s Balance of Payments data will be released in Japan. Analysts see the Current Account Balance moderate to around Yen 355 bln, from 433 last month. In Germany, December’s Trade Balance data will see light, where analysts expect exports to recover from November’s -1.9% contraction.

Tuesday: December’s Tertiary Industry Index will be released in Japan. In China, Consumer and Producer Price Indices will be released, where analysts expect to see annual inflation moderate to 1.0% from 1.5% in December. In France, December Industrial Production data will be released, in hope of recovering from a current -2.6% annual contraction. Likewise, Industrial Production data will also be released in Italy and the U.K., but annual prints aren’t as bad here at the moment. The day will also see Wholesale Inventories data released in the U.S.

Wednesday: In the U.S., the weekly MBA Mortgage Applications will see light. The day will also see the release of the U.S. Monthly Budget Statement, and Russia’s December Trade Balance.

Thursday: January Producer Price Index and Machine Orders data will be released in Japan. Weekly Gold and Forex Reserves will be released in Russia. In the U.S., both January’s Advance Retail Sales will be released, as well as the weekly Initial Jobless Claims.

Friday: Preliminary Q4 GDP data will be released throughout the Eurozone, including the Eurozone’s aggregate – Analysts expect to see the European Gross Domestic Product continue to advance at a better-than-nothing 0.8% pace. In the U.S., the preliminary University of Michigan Consumer Sentiment Index will be released, where analysts expect a slight improvement.