Fed the next highlight after ECB

Monday begins with Japanese trade data for December.

In the European session, Germany publishes Ifo business climate data, while retail sales figures are issued for the Eurozone from Eurostat.

On Tuesday, the first data release comes from Australia with the National Australia Bank’s Business Conditions Index for December.

In Germany, retail sales and import price numbers are out, while France sees the release of business confidence data.

The Office for National Statistics publishes its first estimate of Q4 GDP growth for the UK.

Later that day in the North American trading session, durable goods orders data, consumer confidence numbers, the S&P/Case-Shiller Home Price Index and the latest Markit Flash US Services PMI are all out in the US.

On Wednesday, inflation numbers are published in Australia. Then consumer confidence data are released by Gfk for Germany.

The highlight of the week will be the Federal Reserve’s Federal Open Market Committee’s (FOMC) latest interest rate decision.

Australia’s trade prices are out on Thursday while Japan sees the release of retail sales numbers.

The Reserve Bank of New Zealand announce their latest interest rate decision. This would be interesting to watch since the New Zealand dollar has been falling recently on expectations of a rate cut.
Unemployment and inflation numbers are issued in German, while business climate data are published for the Eurozone.

Initial jobless claims data are out in the US.

On Friday, Japan sees the release of inflation and industrial output numbers, unemployment figures and housing starts data.

Flash inflation numbers for January and unemployment data for December are out for the Eurozone.

Gfk issues consumer confidence data for the UK.

Finally, in the US, the first estimate of fourth quarter GDP will be the highlight, with the Reuters/Michigan Consumer Sentiment Index also out.

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