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PA Market Report: Overview (Jan 17 – Jan 21) & Upcoming Events January’22

priceactionadmin 3 years ago

Jan 17

GDP q/y (China)

It’s the broadest measure of economic activity and the primary gauge of the economy’s health

Jan 18

Statement on Monetary Policy (Japan)

The Policy Board of the Bank of Japan has decided to keep its massive monetary policy unchanged. Thus, Japan is expected to enter into its 10th year of an unparalleled policy, unlike other major banks.

Empire State Manufacturing Survey (USA)
It’s a leading indicator of economic health-According to firms responding to the January 2022 Empire State Manufacturing Survey, business activity abruptly leveled off in New York State. The headline general business conditions index fell thirty-three points to -0.7.

Jan 19

CPI y/y (UK)

The Consumer Price Index (CPI) rose by 5.4% in the 12 months to December 2021, up from 5.1% to November.

CPI m/m, (Canada)

Canadians continued to feel the impact of rising prices for groceries in December, as unfavorable weather conditions during the growing season and supply chain disruptions put upward pressure on prices.

Jan 20

Unemployment Rate (Australia)

Key statistics: Seasonally adjusted estimates for December 2021:
• Unemployment rate decreased to 4.2%. • Participation rate remained at 66.1%. • Employment increased to 13,242,000. • Employment to population ratio increased to 63.3%. • Underemployment rate decreased to 6.6%. • Monthly hours worked increased by 18 million hours.

Employment Change (Australia)

Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity. By the end of the second week, 2022 the advance seasonally adjusted initial claims rose to 286,000, an increase of 55,000 from the previous week’s revised level.

Jan 21

Retail Sales m/m (Canada)

It’s the primary gauge of consumer spending, which accounts for the majority of overall economic activity.

Treasury Sec Yellen Speaks (USA)

The Treasury Secretary’s communication with the US President on economic policies and speeches regarding it are often used to signal policy shifts to the public and to foreign governments.