Analysts at Rabobank list down the key economic releases and events for the week ahead from across the globe and suggest that today we have German and Eurozone retail sales, the US ISM non-manufacturing survey, and the Canadian IVEY PMI.
Key Quotes
“We also another day of US government shut-down, with the latest news that Trump is offering a steel wall and not a concrete one as a kind of compromise. Meanwhile, US-China trade talks are set to continue as we tick towards that 2 March deadline. In the UK, we will also have further Brexit related panic as the clock ticks towards those week-of-14 January and 29 March deadlines without any sign of anyone in Westminster having any idea what to do. Apparently, testing out what a traffic jam at a port looks like is the plan of action.”
“Tomorrow we have Aussie trade data, German industrial production, Eurozone confidence, and US NFIB small business confidence and trade data. From that point the US government shutdown starts to make it look even more Chinese than its recent trade actions and fiscal deficit: the timing of such key releases as new home sales, factory orders, and durable goods are all variable due to the fact nobody is working on them.”
“Wednesday has Aussie building approvals and a BOC rate decision, then the FOMC meeting minutes.”
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