The week ahead: 03/01/22
The first week of 2022 sees a raft of new manufacturing, services and construction PMI data, plus the influential US nonfarm payrolls on Friday. Earnings come from Constellation Brands, Walgreens Boots and Conagra Foods, all on Thursday.
Monday 3 January
While Monday is a public holiday in the UK, we’ll get the latest manufacturing PMI for France, Germany, the eurozone and the US (Markit and ISM), plus US construction spending in the afternoon.
Tuesday 4 January
Look out for further manufacturing PMI data on Tuesday, for Japan, China and the UK. The Royal Bank of Australia will also be announcing its latest decision on Australian interest rates at 3.30am (UK time). Last time out the bank held the cash rate at 0.1% for the 13th consecutive month. In Germany retail sales and unemployment figures are released, while in the US we’ll see the JOLTs report on job openings.
Wednesday 5 January
Markit issues services PMI data on Wednesday for France, Germany, the eurozone and the US. Also keep an eye out for the ISM non-manufacturing PMI data for the US, published at 3pm (UK time), which last month hit a record high thanks to increased hiring in the sector.
Thursday 6 January
Beverage company Constellation Brands posts quarterly earnings on Thursday, along with retail pharmacy group Walgreens Boots (which recently engaged Goldman Sachs to explore options for its Boots business) and packaged foods firm Conagra Foods. We’ll also get Japanese, Chinese and UK services PMI, German factory orders and CPI, US trade balance and factory orders, and Japanese household spending, along with the Tokyo CPI.
Friday 7 January
The UK housing market will be in the spotlight on Friday as the latest Halifax house price index is released. Also scheduled for Friday are French and German industrial production and trade balance figures, French consumer spending, UK construction PMI, and eurozone CPI and retail sales. In the US the nonfarm payrolls and unemployment rate will be released at 1.30pm (UK time). In November job growth fell short of expectations with a gain of just 210,000 jobs.
Published: 3 January 2022
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