The first week of February will mostly be a quiet affair, with a just a number of events happening in between. Check out the details of these events below:
Event: RBA Interest Rate Decision – Australia
Date: February 4, 2014
Time: 3:30am (GMT)
What It Is About and Why It’s Important
The Reserve Bank of Australia will meet again after taking a two-month break since December 2013. They are not expected to make any changes to the rates just yet (currently at 2.5%), but watch out for the statement the Bank will release around the time of the event.
Event: Employment Data (Q4) – New Zealand
Date: February 4, 2014
Time: 9:45pm (GMT)
What It Is About and Why It’s Important
New Zealand will release a number of employment-related data on Tuesday, including its unemployment rate for Q4 2013. It is expected to be slightly lower at 6.0% compared to the previous rate at 6.2%. Other data will include the country’s employment change and labour cost index.
Event: ISM Non-Manufacturing PMI (Jan) – United States
Date: February 5, 2014
Time: 3:00pm (GMT)
What It Is About and Why It’s Important
The US ISM Non-Manufacturing PMI is expected to be a bit better in January, going up to 53.8 compared to the previous 53.0.
Event: BoE Interest Rate Decision/Asset Purchase Facility (Feb) – United Kingdom
Date: February 6, 2014
Time: 12:00pm (GMT)
What It Is About and Why It’s Important
The UK is set to announce its interest rate decision for February, although it is largely expected to stay at 0.5%. The BoE will also talk about its continued stimulus plan, which is currently at £375 billion.
Event: ECB Interest Rate Decision – European Union
Date: February 6, 2014
Time: 12:45pm (GMT)
What It Is About and Why It’s Important
Less than an hour after the BoE’s interest rate decision, the ECB will make its announcement as well. Its cash rate is currently at 0.25%. The Central Bank’s Monetary policy statement and press conference will follow at 1:30PM.
Event: RBA Monetary Policy Statement – Australia
Date: February 7, 2014
Time: 12:30am (GMT)
What It Is About and Why It’s Important
Want to catch a glimpse of what the RBA thinks when it comes to the country’s economic status in the long-term? Better not miss this event.
Event: Employment data – Canada
Date: February 7, 2014
Time: 1:30pm (GMT)
What It Is About and Why It’s Important
Canada is set to release employment-related data on Friday, including net change in employment (expected to be at 17.5K), and the unemployment rate (expected to be at 7.1%).
Event: Nonfarm Payrolls (Jan) – United States
Date: February 7, 2014
Time: 1:30pm (GMT)
What It Is About and Why It’s Important
The US will release its NFP data, which analysts expect would be better than the previous one at 185K.
Event: Employment data (Jan) – United States
Date: February 7, 2014
Time: 1:30pm (GMT)
What It Is About and Why It’s Important
The US will cap off the week with its employment-related data, including its unemployment rate, which is expected to stay at 6.7%.
Create a FREE account