PA Market Report: Overview (Jan 31 – Feb 04) & Upcoming Events February’22

Jan 31

Chicago PMI (USA)

It’s a leading indicator of economic health-January Chicago Business Barometer rose to 65.2. Prices Paid softened 1.9 points to an eight-month low. Inventories dropped 5.8 points.

FEB 01

Cash Rate (Australia)

Short-term interest rates are the paramount factor in currency valuation – Traders look at other indicators merely to predict how rates will change in the future.

JOLTS Job Openings (USA)

The number of job openings was little changed at 10.9 million on the last business day of December, the U.S. Bureau of Labor Statistics reported today. Hires and total separations decreased to 6.3 million and 5.9 million, respectively.

FEB 02

RBA Gov Lowe Speaks (Australia)

As head of the central bank, which controls short-term interest rates, he has more influence over the nation’s currency value than any other person.

OPEC-JMMC Meetings (All)

OPEC-JMMC meetings are attended by representatives from the 13 OPEC members and 11 other oil-rich nations. They discuss issues regarding energy markets and agree on how much oil they will produce.

FEB 03

MPC Asset Purchase Facility Votes (London)

At the Bank of England’s Monetary Policy Committee meeting ending on 2 February 2022, the MPC voted by a majority of 5-4 to increase Bank Rate by 0.25 percentage points, to 0.5%.

Monetary Policy Statement (Europe)

It’s the primary tool the ECB uses to communicate with investors about monetary policy-In the first quarter of 2022, the Governing Council is conducting net asset purchases under the PEPP at a slower pace than in the previous quarter.

ISM Manufacturing PMI (USA)

Economic activity in the services sector grew in January for the 20th month in a row — with the Services PMI® registering 59.9 percent.

FEB 04

Employment Change (CANADA)

Employment fell by 200,000 (-1.0%) in January and the unemployment rate rose 0.5 percentage points to 6.5%.

Average Hourly Earnings m/m (USA)

It’s a leading indicator of consumer inflation – Total nonfarm payroll employment rose by 467,000 in January, and the unemployment rate was little changed at 4.0 percent, the U.S.

UPCOMING EVENTS

Fed 07

ECB President Lagarde Speaks

Feb 08

RBNZ Gov Orr Speaks (New Zealand)

Feb 09

  • BOC Gov Macklem Speaks (Canada)
  • Inflation q/q (NZD)

Feb 10

  • Core CPI m/m (USA)
  • EU Economic Forecasts (EUR)

Feb 11

  • RBA Gov Lowe Speaks (AUD)
  • Prelim GDP q/q (GBP)
  • BOE Gov Bailey Speaks (GBP)
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