The main events of the day

On Wednesday, January 10, market is focused on data on China, the United Kingdom and the United States.

The market monitors the dynamics of the US currency and related data, which may shed light on the further movement of the US dollar.

At 02:30 – release of the index of business confidence of Australia by NAB, the previous value is 6.

At 03:30 – release of data on inflation in China:
– Consumer Price Index (CPI) in China (y/y), the forecast is 1.9%, the previous value is 1.7%.
– Consumer Price Index (CPI) in China (m/m), the forecast is 0.4%, the previous value is 0.0%.
– Producer price index in China (y/y), the forecast is 4.8%, the previous value is 5.8%.

At 11:30 – announcement of the data on the UK:
– The volume of industrial production in Great Britain (m/m), the forecast is 0.4%, the previous value is 0.0%.
– The volume of production in the manufacturing industry in the UK (m/m), the forecast is 0.3%, the previous value is 0.1%.
– The trade balance in the UK, the forecast is -11.00D, the previous value is -10.78D.
– The trade balance in the UK excluding the EU countries, the forecast is -2,60D, the previous value is -2,38D.

At 15:00 – release of the estimate of GDP growth in the UK by NIESR, the forecast is 0.5%, the previous value is 0.5%.

At 15:30 – publication of the exports and imports in the US:
– The US export price index (m/m), the forecast is 0.3%, the previous value is 0.5%.
– US import price index (m/m), the forecast is 0.4%, the previous value is 0.7%.

Also, at 15:30 – release of the building permits in Canada (m/m), the forecast is -0.3%, the previous value is 3.5%.

At 17:30 – publication of oil reserves in the US:
– Crude oil reserves in the US, the forecast is -4,100M, the previous value is -7,419M.
– Data on surplus oil reserves in Cushing (Oklahoma, USA), the previous value is -2.441M.

Hanzenko Anton