FOMC and BoE meetings are the highlights of a week packed with key data releasesPosted on Monday, January 27 2020 at 8:07 am GMT+0000
There will be no shortfall of market-moving events this week, with plenty of top-tier data and crucial central bank meetings shaping the agenda. The meeting of the US Federal Reserve’s rate-setting Federal Open Market Committee (FMOC) and the Bank of England’s Monetary Policy Committee (MPC) are the highlights of the week. The Fed is expected to hold and maintain its neutral view, given the recent brightening of the global growth outlook on the back of the trade war ceasefire. While, it will be a much more somber mood at the BoE where policymakers will be debating whether to cut interest rates or not, and markets are now split about 50-50 as to whether the BoE will ease this week.
On another hand, Earnings reports continue through the week, with highlights including AAPL, MSFT, FB, TSLA, BA, AMZN, DB, XOM, CVX, and CAT.
In addition, macro data for the week are as follows:
– German Ifo (09:00 GMT)
– Australian NAB Consumer Confidence (00:30 GMT)
– US Durable Goods (13:30 GMT)
– US CB Consumer Confidence (15:00 GMT)
– Australian CPI (00:30 GMT)
– Crude Oil Inventories (15:30 GMT)
– US Fed Interest Rate Decision (19:00 GMT)
– FOMC Statement (19:00 GMT)
– FOMC Press Conference (19:30 GMT)
– BoE Interest Rate Decision (12:00 GMT)
– US GDP Growth Rate QoQ Adv Q4 (13:30 GMT)
– China Manufacturing PMI (01:00 GMT)
– Europe GDP Growth Rate QoQ Flash Q4 (10:00 GMT)
– Europe CPI Flash Estimate y/y (10:00 GMT)
– US PCE Price Index (13:30 GMT) – this is one of the Fed’s favorite indicators of measuring inflation, however with the FED meeting two days prior, this number may not matter as much.
One of the most important events this week will be the ceremonial Brexit, when the UK FINALLY leaves the EU on Friday. However, there are still deals to be made negotiations to be had, which will last until the end of the year.