Today's announcements and data releases, 15/1/2019

  • Regular
  • Economic Calender
  • 6 months ago
  • 106

All times in GMT+7, Jakarta, Bangkok



JPY Bankruptcies (YoY) (DEC)

Measures the number of companies that filed for bankruptcy in the last month, with liabilities of over 10 million Yen. The headline figure is the number of cases in all Japan for the last month. As an economic indicator the bankruptcies report is ambiguous. A high value can certainly indicate weakness in the Japanese economy, but the number of bankruptcies can fall even as the economy worsens. Generally a higher number of bankruptcies will be part of a larger picture of economic weakness, which can be a depreciating weight on a currency.



JPY Machine Tool Orders (YoY) (DEC P)


Tracks trends in machine tool orders placed by major manufacturers in Japan . Machine Tool Orders is considered a leading indicator of business capital spending, and increases are indicative of stronger business confidence and a better future outlook. Higher capital spending is also positive for the Japanese employment situation, as companies will generally require new employees to run and maintain new machinery.



EUR Gross Domestic Product NSA (YoY) (2018)



EUR Euro-Zone Trade Balance s.a. (NOV)



EUR Euro-Zone Trade Balance (euros) (NOV)

The difference between exports and imports of Euro-zone goods and services. The Trade Balance is one of the biggest components of Europe 's Balance of Payment, and thus gives valuable insight into pressures on the value of the Euro. A negative Trade Balance figure (deficit) indicates that imports are greater than imports. When exports are greater than imports, the Euro-zone experiences a trade surplus. Trade surpluses indicate that funds are coming into Europe in exchange for exported goods and services. Because such exported goods are usually purchased with Euros, trade surpluses typically indicates that currency is flowing into the Euro-zone. Such currency inflows may lead to a natural appreciation of a Euro, unless countered by similar capital outflows. At a bare minimum, surpluses will buoy the value of the currency. There are a number of factors that work to diminish the market impact of Euro-zone Balance of Trade. The report is not very timely, released fifty days after the reporting period. In addition, developments in many of the Trade Balance's components are typically well anticipated. Lastly, since the report reflects data for a specific reporting month, any significant changes in the Trade Balance should plausibly have been already felt during that month and not during the release of data. Despite these considerations, and because of the overall significance of Trade Balance data, the release has historically been one of the more important reports out of Europe. The headline figure for trade balance is expressed in millions of Euros, and usually accompanied by the year-on-year percentage change.



USD Empire Manufacturing (JAN)

Survey assessing business conditions and expectations of manufacturing executives in New York . Though the survey is relatively new and New York has a considerably small number of manufacturers, the report has shown a promising correlation to the Philadelphia Fed Index and the market moving ISM Manufacturing Survey. Thus Empire serves as a useful earlier indicator of overall manufacturing in the US . Results are calculated as the difference between percentage of positive and negative scores; zero acts as the breakeven point. A high figure is bullish for the dollar, indicating positive business sentiment conducive to growth in production. A low or negative number signals poor business conditions.



USD Producer Price Index Final Demand (MoM) (DEC)



USD Producer Price Index Final Demand (YoY) (DEC)



USD Producer Price Index Ex Food and Energy (MoM) (DEC)



USD Producer Price Index Ex Food and Energy (YoY) (DEC)



USD Producer Price Index Ex Food, Energy, Trade (MoM) (DEC)



USD Producer Price Index Ex Food, Energy, Trade (YoY) (DEC)



CAD Existing Home Sales (MoM) (DEC)



EUR ECB's Draghi Presents 2017 Annual Report in Strasbourg



NZD QV House Prices (YoY) (DEC)



USD Fed’s Kashkari Speaks on Regional Economy in Minnesota