The following are some of the important economic data that will be the focus of the market throughout the week.
UK Employment Report (Tuesday 3.00pm): The labor sector will be assessed in the UK to be monitored by the central bank following the interest rate hike at a recent policy meeting.
US Producer Price Index Data (Tuesday 9.30pm): US PPI data is expected to rise, following the high inflation reading published last week. Positive figures will continue to give confidence to investors for the strengthening of the US dollar.
UK Inflation Data (Wednesday 3.00pm): Also to be the focus of the central bank of England (BOE) this week is the release of inflation data in the UK with annual readings expected to remain for January.
US Retail Sales Data (Wednesday 9.30pm): After experiencing a decline in December readings, retail sales rates in the United States for last January are forecast to recover despite the economy still struggling with the Omicron coronavirus outbreak.
FOMC Meeting Minutes (Thursday 3.00am): Investors will scrutinize the minutes of the meeting by the Federal Reserve (Fed) for further details following the hawkish decision assessed for the central bank to continue its policy tightening measures.
Australian Jobs Report (Thursday 8.30am): After the Australian economy experienced a decline for job growth in December, the market expects an increase in January to be zero. Meanwhile, the unemployment rate is forecast to remain unchanged.
