The main events of the day
Thursday, January 4, is full of statistics on business activity in the services sector and employment data in the US.
The market is still focused on the downward dynamics of the US currency and the prices for raw materials. Liquidity after the New Year holidays is gradually recovering.
At 03:45 – release of the index of business activity in the service sector (PMI) of China by Caixin, the forecast is 51.8, the previous value is 51.9.
At 09:00 – publication of data on the UK:
– The index of housing prices Nationwide in the UK (m/m), the forecast is 0.1%, the previous value is 0.1%.
– Nationwide Housing Price Index in the UK (y/y), the forecast is 2.0%, the previous value is 2.5%.
At 10:55 – release of the index of business activity in the German services sector, the forecast is 55.8, the previous value is 55.8.
At 11:00 – announcement of the data on the euro area:
– Composite index of business activity (PMI) by Markit in the euro area, the forecast is 58.0, the previous value is 58.0.
– The index of business activity in the services sector in the euro area, the forecast is 56.5, the previous value is 56.5.
At 11:30 – publication of the index of business activity in the services sector of the UK, the forecast is 54.1, the previous value is 53.8.
At 15:15 – release of the change in the number of employed in the non-agricultural sector of the US by ADP, the forecast is 192K, the previous value is 190K.
At 15:30 – release of data on the US and Canada:
– The number of initial applications for unemployment benefits in the US, the forecast is 244K, the previous value is 245K.
– Raw Materials Price Index (RMPI) in Canada (m/m), the forecast is 4.5%, the previous value is 3.8%.
At 16:45 – publication of data on business activity in the US:
– Composite index of business activity (PMI) in the USA by Markit, the previous value is 53.0.
– The index of business activity (PMI) in the US services sector, the forecast is 52.4, the previous value is 52.4.
At 18:00 – data on oil reserves in the US:
– Reserves of crude oil in the US, the forecast is -5.260M, the previous value is -4.609M.
– Data on surplus oil reserves in Cushing (Oklahoma, USA), the previous value is -1.584M.
Hanzenko Anton