Report experts: Important global economic news of this week - TOP 5

Report experts: Important global economic news of this week - TOP 5 The main focus will be on Fed's monetary policy meeting
January 29, 2018 12:04
Report experts: Important global economic news of this week - TOP 5

Baku. 29 January. REPORT.AZ/ The most important global economic news for the global financial market from January 15 to 19 will be announced in the US, Eurozone, Great Britain and China.

Analytical Group of Report News Agency has defined below top 5 economic news that may influence global financial market this week:

1) The most important news of the week will be the results of the next meeting of the US Federal Reserve System (Fed). The results of the next monetary policy meeting of the Fed will be announced on January 31 at 23:00 by Baku time. Analysts believe, the rates will be maintained stable at 1.25-1.5%. After the decision the key focus will be on Janet Yellen's last statement in Fed. In February, Janet Yellen will be replaced by Jerome Powell. Analysts believe, Fed may increase rates in March, June, and December sessions;

2) On February 2 at 17:30 pm Baku time, employment index will be disclosed in the US except for the agricultural sector in January. According to  the consensus, the number of jobs will increase by 180,000. Unemployment will remain stable at 4.1%. The main focus will be on hourly wage rates. Analysts predict that this figure will increase by 0.3% as in December. During the week, the base index of income and expenses of individuals and personal consumption costs will be disclosed;

3) Inflation indicator in eurozone will be announced on January 31 at 14:00 Baku time. According to consensus among analysts, the figure is expected to up by 1.3% in annual comparison. More important is the base inflation. This indicator does not reflect the price increase of food and energy carriers. Base inflation is projected to rise by 1%. Spanish, French, Italian and German GDP figures will be announced during the week. At the same time, the initial indicator of GDP growth for the fourth quarter in the eurozone economy will be announced. It is expected to be 0,6%, while annual growth rate 2,7%.

4) On February 1 at 1:30 pm Baku time, the activity of the manufacturing sector in the UK and one day later, the business activity index on the construction sector will be announced. Indicators are expected to be 56.5 and 52, respectively;

5) Purchasing Managers' Index (PMI) in China will be announced on February 1 at 05.00 Baku time. It is expected that the indicator will decrease by 0.1 point compared to December and will make 51.5. If the figure is above 50, it indicates the economic growth in manufacturing sector.

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