Tuesday, January 31, 2023

Economic Calendar: Last Week of the Year

  • European stock markets are set to open with gains
  • US second-tier data
  • Public holidays in the United Kingdom, Canada and Australia

European index futures point to the upside for today’s cash session. Markets are still in the Christmas mood and trading ranges were tight in the FX market during the Asian session. Oil gains as China eases travel restrictions, According to the NHC, starting January 8, China will no longer list COVID-19 among infectious diseases requiring quarantine for incoming travelers. Investors in the UK, Canada and Australia have extended the Christmas holidays.

The economic calendar for today’s European morning session is empty. Some second-tier US data, including the Dallas Manufacturing Index for December, will be released in the afternoon, but it is unlikely to impact markets. Liquidity conditions are expected to remain weak during the last week of the year due to several holidays in various countries. There are no major data releases scheduled for this week, so traders should wait for year-end rebalancing flows and headlines to drive the market.

14:30 CEST – US, November Wholesale (Preliminary). Expected: 0.7% monthly. Previous: 0.5% per month

15:00 CEST – US House Price Index for October. Expected: 0.8% MoM. Previous: 0.1% per month

16:30 CEST – US, Dallas Manufacturing Index for December. Previous: -14.4 points

Couldn’t chat due to holiday: AUS200, UK100, HKComp, CHNComp, Aluminium, Copper, Nickel, Zinc.

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Nation World News Desk
Nation World News Deskhttps://nationworldnews.com
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