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Week ahead 1/29/2023

The Federal Reserve's interest rate decision and the US non-farm payrolls report are the most highly anticipated events in the US, as savvy investors like myself keep a close eye on the economy. The inflation numbers have shown signs of cooling, giving me hope that the Federal Reserve might slow down its monetary policy tightening with a modest 25 bps rate hike on Wednesday.

Meanwhile, Europe's central banks are expected to raise interest rates by 50 bps on Thursday, with the European Central Bank and the Bank of England leading the charge in their aggressive campaign against inflation. I'll also be following key reports on growth, inflation, and unemployment for the Euro Area, Germany, Italy, France, and Spain.

Across the pond, China's PMI data will be in the spotlight as the world watches the first gauge of the world's second-largest economy after the government transitioned away from its zero-Covid policy. In Japan, I'll be following consumer confidence figures, housing starts, industrial production, retail sales, and unemployment rate.

Down under, Australia will have a packed week with the Ai Group Manufacturing Index for January and retail sales, housing credit, and building permits for December. In New Zealand, I'll be following the December trade balance and fourth-quarter labor market figures.

So, to summarize, here's what we have in store this week:


  • US:
    Federal Reserve's interest rate decision
    US non-farm payrolls report
    ISM manufacturing and non-manufacturing PMIs
    JOLTs Job Openings
    ADP private payrolls
    S&P Global PMIs
    Earnings season with prominent companies reporting (AMD, Meta Platforms, Alphabet, Amazon, Apple, and Qualcomm)
    Europe:
    European Central Bank and Bank of England interest rate hike
    Eurozone inflation, growth, and unemployment reports
    Germany's prices and trade
    Euro Area business survey
    Switzerland's KOF leading indicators
    Turkey's inflation rate
    January's manufacturing and services PMIs
    Asia:
    China's PMI data
    Japan's consumer confidence, housing starts, industrial production, retail sales, and unemployment rate
    India's Union Budget and January PMIs
    South Korea's inflation and trade data
    Australia and New Zealand:
    Ai Group Manufacturing Index and retail sales
    Housing credit, building permits, and trade balance
    Labor market figures
CHFJPYDXYEUREURUSDSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Supply and DemandUSDUSDCHFVIX CBOE Volatility Index

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