US weekly oil inventories 4352K vs +2425K expected
US December existing home sales 6.76m vs 6.56m expected
Markit January prelim US services PMI 57.5 vs 53.4 expected
Retail sales rose at their fastest pace since September, up 1.3% to $55.2 billion in November, data published by Statistics Canada showed on Friday. The reading was well above consensus estimates pointing to a tiny rise of 0.1%.
See real GDP growth in the Eurozone at 4.4% this year, down from 5.3% in the previous edition of the survey. As for next year, the survey showed the economy was now expected to expand by 3.7%, compared to 2.6% in the October poll.
Eurozone Service PMI January 45.0 vs 44.5 expected
However, says for now the containment on travel is sufficient.
1.Manufacturing PMI Numbers Keep your eye on a report on activity in the manufacturing sector. German Manufacturing PMI will be announced and it is expected to come out at 57.5 while Eurozone Manufacturing PMI is expected to be 54.5 in January. A reading above...
Very carefullly monitoring FX rate. Q4 GDP decline will "travel into" Q1. 2021 forecast is still broadly valid. Anticipated lockdowns currently in place.
Cites vaccines and Brexit deal as positives Inflation to turn positive on German VAT cut ECB aims to preserve favorable financing conditions The pandemic period is until at least March 2022 We will be present in the market until at least March 2022, at leas...
- Risks surrounding Euro-area outlook remain tilted to the downside, but less pronounced - Underlying price pressures are expected to remain subdued - Inflation is likely to increase in the coming months as pandemic impact fades - Downside risks to outlook are less p...
ECB Lagarde: Incoming data confirm previous near-term assessment Eurozone contracted in the fourth quarter ECB ready to adjust all instruments as needed ECB monitoring FX for impact on inflation Uncertainty remains high
US December housing starts 1669K vs 1560K expected
SOUTH AFRICA LEAVES BENCHMARK RATE UNCHANGED AT 3.50%
At its first monetary policy meeting of the year, the Governing Council of the European Central Bank (ECB) decided to leave the interest rates on its main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, res...
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