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Today's announcements and data releases, 1/4/2019

  • Regular
  • Economic Calender
  • 7 months ago
  • 125

All times in GMT+7, Jakarta, Bangkok

 

12:30

AUD RBA Commodity Index SDR (YoY) (MAR)

 

12:30

AUD Commodity Index AUD (MAR)

 

13:30

CHF Retail Sales Real (YoY) (FEB)

 

14:30

CHF PMI Manufacturing (MAR)

 

14:45

EUR Markit/ADACI Italy Manufacturing PMI (MAR)

 

14:50

EUR Markit France Manufacturing PMI (MAR F)

 

14:55

EUR Markit/BME Germany Manufacturing PMI (MAR F)

 

15:00

CHF Total Sight Deposits CHF (MAR 29)

 

15:00

CHF Domestic Sight Deposits CHF (MAR 29)

 

15:00

EUR Markit Eurozone Manufacturing PMI (MAR F)

 

15:30

GBP Markit UK PMI Manufacturing s.a. (MAR)

 

16:00

EUR Euro-Zone Unemployment Rate (FEB)

Reports the cumulative percentage of unemployed individuals in the Euro-zone nations. A low or falling unemployment rate is associated with increased expenditure, given that more people are employed and have incoming wages. Increased expenditure encourages economic growth, which can spark inflation. The figure acts as a significant indicator of the region's economic activity, particularly because it is released earlier than the GDP. However, because unemployment rates for member countries are released well before the aggregate Euro-zone rate, the figure often receives less attention.

 

16:00

EUR Euro-Zone Consumer Price Index Core (YoY) (MAR A)

 

16:00

EUR Euro-Zone Consumer Price Index Estimate (YoY) (MAR)

CPI is the key gauge for inflation in the Euro Zone. Inflation, simply put, is a decline in the purchasing power of the Euro, where each Euro buys fewer goods and services due to higher consumer prices. The index tracks changes in the price of a basket of goods and services that a typical household might purchase. When the CPI is high, it indicates that significant inflationary pressures exist in Euro Zone economies. This puts pressure on the European Central Bank to raise interest rates. When CPI comes out lower than expected the ECB is expected to lower interest rates, or keep them lower, to encourage economic growth. As a rule, the Bank adjusts rates in order to keep Europe consumer price inflation in the 0 to 2 percent range.The CPI is also expressed as Core CPI, a similar measure that excludes energy and food in the basket of goods for the reason that items are highly volatile in price and can distort the CPI. Some market participants believe that Core CPI provides a better representation of inflation. The headline figures for the Euro-zone Inflation Index are a monthly and annualized percentage change.

 

16:30

CHF IMF Holds Art. 4 Consultation in Bern

 

19:30

CAD MLI Leading Indicator (MoM) (FEB)

 

19:30

USD Retail Sales Advance (MoM) (FEB)

 

19:30

USD Retail Sales Ex Auto (MoM) (FEB)

 

19:30

USD Retail Sales Ex Auto and Gas (FEB)

 

19:30

USD Retail Sales Control Group (FEB)

 

20:30

CAD RBC Canadian Manufacturing PMI (MAR)

 

20:45

USD Markit US Manufacturing PMI (MAR F)

 

21:00

USD ISM Manufacturing (MAR)

The ISM Manufacturing Survey is valued for its timeliness, and indeed, during waning boom cycles analyst point out that ISM tends to be one of the biggest market moving economic releases. The reasoning lies within the ISM's Prices Paid and Employment subcomponents. These components reflect sentiment towards inflation and labor conditions - two of the market's most significant health indicators. Given that the ISM's timeliness, the information gleaned from such components precedes other market data (like Non-Farm Payrolls or CPI), making the ISM a significant indicator. The headline figure is expressed as a diffusion index based on survey responses. For each category (production, new orders etc.), the index is calculated by adding the percentage of executive responding "higher" with half the percentage of "no change" responses, and subtracting the percentage of "lower" responses. The ISM manufacturing indicator is the aggregate of the results for all categories.

 

21:00

USD ISM Employment (MAR)

 

21:00

USD ISM Prices Paid (MAR)

 

21:00

USD ISM New Orders (MAR)

 

21:00

USD Construction Spending (MoM) (FEB)

Construction spending gauges the level of construction activity in the United States . The Construction Spending report looks at both residential and non-residential construction. The construction industry makes a significant contribution to the United States GDP in the form of investment expenditure as well as stimulus of industries related to building. Furthermore, since builders are unlikely to pour money into construction projects unless they feel the economy favors their investment, changes in business sentiment like this are usually quickly seen in construction figures. However, the report has little significance for market participants because of its untimely release. By the time the report is announced other reports, such building permits and building starts have already provided similar information. The report headline is the percentage change from the previous month. Technical notes: The construction industry is a major force to the United States economy, even without including non-construction businesses that are tied to building, such as finance, the furnishing industry, appliance industry and other manufacturing. Private Construction activity can be an effective indicator of business confidence.

 

21:00

USD Business Inventories (JAN)

Unsold goods held by manufacturers, wholesalers and retailers. Business Inventories are often able to show economic turning points. A significant decrease in inventories implies that the economy is on the verge of rapid growth because stockrooms for businesses are empty and need to be replenished, which triggers higher production overall. Inventories are also useful when examined in conjunction with total business sales. Rising inventories paired with slackening business sales are indicative of troubled economic times. When business sales slow, retailers' inventories increase and they are forced cut back on wholesale orders. Wholesalers, affected by the fear of swelling inventories, will slow or even shut down production in factories. Recent technological advancements allow firms to manage inventories more efficiently, keeping inventory levels lower. Accordingly, declines in inventory stores are often indicative of productivity increases rather than changes in demand. But these logistical advances put particular emphasis on growing inventories. Increases in stocks of goods signal declining demand in America. While the Business Inventories figure is released with the Advanced Retail Sales report, the Advanced Retail Sales report features a lag time of merely two weeks. The Business Inventories' lag time is three times as long, making it an indicator that follows rather than leads the overall pace of the economy. Market participants tend to focus more on the Advanced Retail Sales figures.

 

22:30

USD U.S. to Sell 3-Month Bills

 

22:30

USD U.S. to Sell 6-Month Bills

 

22:30

MXN Markit Mexico PMI Mfg (MAR)