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Global insights: Next week's economic calendar!


Next week's economic calendar

Monday, February 5th


Monday is expected to bring a wealth of information, primarily in the form of service PMI readings from some of the most influential economies worldwide.


During the night, data from China is anticipated, followed by data from France and Germany before 09:00, and, precisely at 09:00, data from the Eurozone. (All hours - London time)


Subsequently, the UK will release information at 09:30, and in the afternoon, the USA will present its data at 14:45, including the highly regarded ISM index at 15:00.


Enthusiasts in the financial world will also be closely monitoring the Sentix index reading and the statistics on Germany's December foreign trade balance.


At 07:00, Turkey will unveil the January inflation reading, which stood at 64.8% year-on-year in December. Additionally, Eurostat is set to release producer inflation readings for the Eurozone.


On Wall Street, various results will be announced, with notable mentions including McDonald's.



Tuesday, February 6th


Tuesday is poised to bring decisions from the Australian central bank regarding interest rates. Germany will report data on industrial orders in December, and for the entire Eurozone, statistics on December retail sales will be disclosed.


The Czechs and Hungarians are expected to present data on industrial production, while the Hungarians and Slovaks will provide insights into retail sales.


Investors will closely track the results of prominent companies such as BP, Spotify, and the chemical conglomerate Linde. Once listed on the German stock exchange, Linde was once the largest company in the DAX index but withdrew from the Frankfurt Stock Exchange a year ago.


Wednesday, February 7th


Investors will receive weekly data on oil inventories in the United States, along with the December foreign trade balance of the USA and industrial production data from Germany.


In Azerbaijan, early presidential elections are scheduled to take place. Originally set for 2025, the current president, Ilham Aliyev, decided on an earlier date to capitalize on increased popularity following Azerbaijan's full control over the mountainous Karabakh region in September of the previous year.



The election is intended to extend the decades-long rule of Aliyev's family. Since 2003, Aliyev has been ruling the country, succeeding his father, Heydar Aliyev.


In 2009, the limit of two presidential terms was abolished, and in 2016, the term was extended from five to seven years. At that time, Aliyev appointed his wife, Mehriban Aliyev, as the first vice president.


Investors will closely scrutinize the results of companies such as TotalEnergies, Alibaba, Disney, Uber, and PayPal.


Thursday, February 8th


Overnight, China is set to present data on inflation (or deflation) in January. On Thursday, the Czech central bank will announce its interest rate decision.


Friday, February 9th


A more extensive set of inflation data is scheduled for publication on Friday. This includes inflation readings for January in Germany, Norway, and Hungary.



Investors should bear in mind that February 10th marks the Chinese New Year, ushering in the Year of the Dragon. Due to the national holiday, the Chinese will enjoy a 7-day break from work starting from February 9th to 15th, 2024. However, the return to normal factory operations might take even longer.


Consequently, on February 9th, Chinese stock exchanges will be closed, and celebrations of the lunar new year will also affect South Korea, Vietnam, Singapore, and Taiwan.


Results for this day will be published by companies such as PepsiCo and Hermes – a company from the recently closely watched luxury goods industry.


04.02.2024



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