Trading activity could gear up quickly to begin the abbreviated week with the key question still being how much further policymakers will have to boost rates. The inflation figures out of US are in the spotlight since an as-expected reading for December CPI figures would result in a pullback in the y/y headline rise to 6.5% from 7.1%, implying a cooling of inflation. For the UK, monthly GDP figure is in focus.
Have a look at the most important events of the coming days in our usual weekly publication.
Monday – 09 January 2023
Consumer Price Inflation (JPY, GMT 23:30) – Tokyo inflation for December is expected to rise further at 4.5% m/m as both Energy and Food CPI could rise further. Overall household Spending is seen at 3.1% y/y from 1.2% y/y in November.Tuesday – 10 January 2023
Wednesday – 11 January 2023
Consumer Price Inflation & Retail Sales (AUD, GMT 00:30) – Inflation for Q4 is expected to cool a bit to 7% from 7.3% q/q while Retail Sales for November are anticipated to rise to 0.7% from contraction at -0.2%.Thursday – 12 January 2023
Friday – 13 January 2023
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Andria Pichidi
Market Analyst
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