Here are some of the important economic data that will be the focus of the market throughout the week.
UK Employment Data Report (Tuesday 3.00pm): With the spread of the Omicron coronavirus variant in the UK, the employment sector in the UK in November is expected to decline. Weak data readings will continue to hold the central bank to tighten monetary policy.
UK Inflation Data (Wednesday 3.00pm): The market will expect an increase in the annual inflation rate in the UK for a higher November issue after recording an increase in October.
FOMC Meeting (Thursday 3.00 AM): Being the main focus of the market this week is the decision of a meeting by the Federal Reserve (Fed) for its policy tightening measures announced earlier.
Australian Jobs Report (Thursday 8.30am): After recording a decline in October, the Australian economy is expected to record 200,000 job additions in November and a decline in the unemployment rate.
Swiss Central Bank Policy Meeting (Thursday 4.30pm): The Swiss National Bank (SNB) is expected to continue to keep interest rates unchanged at -0.75% and loose policy.
European Manufacturing & Services PMI data (Thursday 5.00pm): Data for the European economic sector will be assessed for December after the presence of the Omicron wave which is now back to pose a threat to economic growth.
UK Manufacturing & Services PMI data (Thursday 5.30pm): The UK also faces the Omicron threat and is expected to give a boost to key economic sectors following the announcement of movement restrictions by Prime Minister Boris Johnson last week.
Bank of England Policy Meeting (Thursday 8.00pm): After keeping interest rates unchanged at previous meetings, investors are not looking for an interest rate hike to take place for the latest meeting by the Bank of England (BOE) while meeting members vote on rates and asset purchases will assessed.
European Central Bank Policy Meeting (Thursday 8.45pm): Markets still see that the European Central Bank (ECB) will continue to maintain a loose policy despite being burdened by rising inflationary factors. A follow -up statement by the central bank will affect the movement of the Euro currency in the market.
Japan Central Bank Policy Meeting (Friday): No change is expected by investors on the outcome of the monetary policy meeting by the Bank of Japan (BOJ) which continues to maintain a loose policy for its country’s economic stability.
