The first week of February will be full of central bankers meetings and important macro data from different parts of the world. The most important of these are preliminary GDP data in the fourth quarter of the US as well as retail sales in the country. On the focus of the markets will also be the German trade balance and the European Commission’s current economic forecasts.
The markets will watch developments around Sino-American trade war, as well as the development of Brexit.
Upcoming macroeconomic data
On Monday, February 4, in Australia will be published data on issues construction licenses in December with consensus forecast is for a 1.8% growth, against a 9.1% decline in the previous month. In Spain will be released the current unemployment figures in the country. Later in the UK will be published the Purchasing Managers’ Index (PMI). Meanwhile, the markets will expect the preliminary data on consumer inflation in Italy for January. In the US, the glances will be focused on factory orders in November with expectations are a slight growth of 0.2% on a monthly basis, against a 2.1% decline last month.
On Tuesday, February 5, will be held a meeting of the Australian Central Bank with expectations to keep interest rates unchanged at 1.5%. Most of the Asian markets will be closed, with South Korea, China, Hong Kong, and Singapore start celebrations around the Chinese New Year. At the same time will be released the data on the country’s trade balance and retail sales. The PMI for January will be published in a number of countries – Russia, Spain, Italy, France, Germany, the United Kingdom, and the United States. Important economic data will be published in the Eurozone, including retail sales for December.
On Wednesday, February 6, the Central Bank of India will announce its decision on interest rates with expectations to keep them unchanged at 6.25%. The European Commission will publish its latest economic forecasts. Later, a series of important US macroeconomic data will be released, including building permits, the trade balance for November, preliminary GDP data for the fourth quarter of 2018, retail sales and crude oil reserves. The Brazilian central bank will meet to decide on interest rates with expectations to keep them unchanged at 6.5%.
On Thursday, February 7, the markets will focus on Germany’s trade balance data for December, as well as the country’s industrial output. The British Central Bankers will meet to decide on interest rates with expectations to keep them unchanged at 0.75%.
On Friday, February 8, will be published the data on household spending in Japan for December. The Russian Central Bank will hold its first monetary policy meeting in 2019, with expectations for maintaining interest rates at 7.75%. In Canada will be published the data on the labor market.
Upcoming corporate earnings reports
The reporting season continues this week.
On Monday, February 4, the markets will focus on financial statements of the low-cost airline Ryanair Holdings, the technology company Yahoo Japan Corp and the American data storage company Seagate Technology. However, the key event for the day will be the earnings report and forecast of Google’s parent company Alphabet Inc.
On Tuesday, February 5, will be published the financial reports of the US engineering company AECOM Technology Corporation, oil giant BP, cosmetics producer Estee Lauder Companies, the fashion brand Ralph Lauren and The Walt Disney Company. The key events of the day will be the earnings statements of American multinational mass media conglomerate Viacom, oil and natural gas company Anadarko Petroleum and glass producer Owens-Illinois.
On Wednesday, February 6, the markets will watch for financial statements of the French bank BNP Paribas, the US engines manufacturer Cummins, British pharmaceutical company GlaxoSmithKline, media group New York Times Co, music streaming platform Spotify and iRobot Corporation. The key events of the day will be earnings reports of carmaker General Motors Company and Japanese technology conglomerate SoftBank Group.
On Thursday, February 7, will be published the financial reports of the Italian bank Banca Monte Dei Paschi, NYSE operator Intercontinental Exchange, steel producer ArcelorMittal and the cigarette and tobacco manufacturing company Philip Morris International. Among the key events of the day will be earnings report of the social media Twitter.
On Friday, February 8, the markets will focus on financial statements of the toy company Hasbro and the tire manufacturer Goodyear Tire & Rubber.