Quiet start to the new year sees Europe & US come into focus

January 3, 2017

A quiet start to the new year as most countries finish up their New Year’s public holidays.

Out of Europe later tonight, there are a few announcements. These include: German & Prelim CPI and German Unemployment Change. The CPI figures are important as they reflect price changes in consumer goods. Generally, if prices go up, that means that demand for goods is stronger than supply. This can be beneficial as it helps pump more money through the economy, which can in turn increase economic growth. The German Unemployment Change is important as it is a reflects the strength of the jobs market in Europe’s largest economy.

Out of the US in the early hours of tomorrow morning, four sets of data are being released. They are: Final Manufacturing PMI, ISM (Institute for Supply Management) Manufacturing PMI, Construction Spending and ISM Manufacturing Prices. As suggested, all of these figures are important as they give an indication of the strength in the manufacturing sector in the world’s largest economy.

Elsewhere around the world, China is releasing vital Caixin Manufacturing PMI data, the UK is releasing crucial Manufacturing PMI figures, while Australia is releasing Commodity Price data, Switzerland their Manufacturing PMI and finally, Canada are releasing their RBC (Royal Bank of Canada) Manufacturing PMI.