Second Quarter Euroland GDP Growth and Some Central Bank Rate Announcements – Currency Thoughts

February 1-7, 2025 – Currency Thoughts


Next Week’s Menu: February 1-7, 2025

January 31, 2025

Central Banks: Monetary policy reviews at the Bank of England, Bank of Iceland, Czech National Bank, National Bank of Poland, Bank of Mexico, and Reserve Bank of India. A summary of the most recent Bank of Japan Board meeting and the Bank of England’s quarterly Monetary Policy Report will be published. BOE Governor Bailey and that banks chief Economist Hua Pill, who also sits on the Monetary Policy Committee, have speaking engagements. So do Bostic, Musalem, Goolsbee, and Daly of the Federal Reserve.

Event and Holiday: OPEC+ ministers meet Tuesday, and New Zealanders observe Waitangi Day on Thursday.

Purchasing Manager Surveys for January: Numerous reports get released Monday-Thursday for various and sundry economies and covering manufacturing, services and all sector activities. There will also be construction PMIs for Euroland, Australia and the U.K..

Scheduled U.S. Economic Data: Quarterly productivity and unit labor costs. Monthly ADP estimate of private jobs growth and Labor Dept report on jobless rate, employment growth and average hourly wages. Also monthly factory orders, the trade balance, U. Michigan-compiled consumer sentiment, construction spending, JOLTs data on job quits and openings, the RCM/TIPP Optimism index, and consumer credit. Weekly jobless insurance claims, chain store sales, energy inventories, and mortgage applications.

Euroland Releases: Consumer prices, producer prices, retail sales and Sentix gauge of investor sentiment.

Members of the Euro Area: German, French, Spanish, Latvian, Estonian, and Slovakian industrial production. German, French, Slovakian, Austrian, Finnish and Lithuanian trade balances. Italian, Cypriot, Estonian and Slovenian consumer prices. Austrian wholesale prices, German factory orders, and the French current account. Italian, Dutch, Cypriot, Belgian, and Slovakian retail sales.

U.K. and Switzerland: British Halifax house price index, car sales, and same-store sales. Swiss consumer confidence and unemployment.

Eastern Europe and Norway: Russian retail sales, industrial production, unemployment, business sentiment and corporate profits. Hungarian and Czech retail sales and industrial production. Romanian PPI and retail sales. Czech trade balance, and Norwegian industrial production.

Japanese Data: Index of leading economic indicators, international reserves, and labor cash earnings.

Other Asia: Retail sales in South Korea, Indonesia, Hong Kong, Singapore and the Philippines. Indonesian and Hong Kong GDP. South Korean and Filipino consumer prices. Filipino unemployment, Malaysian trade balance and South Korean current account.

Australia, New Zealand, Turkey and South Africa: Australian retail sales and trade balance. New Zealand labor market statistics. Turkish CPI and PPI. South African factory output.

Canada, Mexico and Brazil: Canadian labor market statistics, trade balance and IVEY-PMI index. Brazilian and Mexican CPI. Brazilian PPI, industrial production, trade balance and PPI. Mexican consumer confidence.

Copyright 2025, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

 

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