Expect this week to be a busy one, especially from Monday until Wednesday. Several countries will release important data, including interest rate decisions from Japan and Canada, CPI of New Zealand, Australia, and Canada. Check out the details below:
Event: Gross Domestic Product (QoQ/YoY, Q4) – China
Date: January 20, 2014
Time: 2:00am (GMT)
What It Is About and Why It’s Important
China’s GDP data for the last quarter of 2013 are expected to be subdued compared to previous periods. Compared the previous quarter which grew by 2.2%, it’s expected to be lower at 2.0%. The 12-month growth is also expected to be lower at 7.6% compared to the previous 7.8%.
Update: China’s QoQ GDP came out lower than expected at 1.8%, while the 12-month GDP was slightly better than estimates at 7.7%.
Event: Consumer Price Index (QoQ/YoY, Q4) – New Zealand
Date: January 20, 2014
Time: 9:45pm (GMT)
What It Is About and Why It’s Important
Happening at early morning the following day in New Zealand, the country’s CPI is expected to grow by 1.5% in the past 12 months, while a contraction by 0.1% is seen compared to the previous quarter.
Event: Economic Sentiment (January) – Germany
Date: January 21, 2014
Time: 10:00am (GMT)
What It Is About and Why It’s Important
Germany’s economic sentiment is seen to be slightly better in January at 63.7 compared to the previous period’s 62.0.
Event: CPI (QoQ/YoY, Q4) – Australia
Date: January 22, 2014
Time: 12:30am (GMT)
What It Is About and Why It’s Important
Australia’s CPI data is expected to be a mixed bag, with a slightly-better projection over the past 12 months at 2.5% compared to the previous 2.2%. The QoQ growth is slightly more subdued, however, at just 0.5% compared to 1.2% of the previous quarter.
Event: BoJ Interest Rate Decision – Japan
Date: January 22, 2014
Time: 3:00am (GMT)
What It Is About and Why It’s Important
The Bank of Japan will release its first interest rate decision for this year, although it is largely expected to maintain rates at 0.1%. Also wait for the monetary policy statement, which could provide clues on how the BoJ views the current economy and how it intends to act from there.
Event: BoE Minutes – United Kingdom
Date: January 22, 2014
Time: 9:30am (GMT)
What It Is About and Why It’s Important
Published two weeks after the Bank of England’s interest rate decision, this will provide an insight on how the meeting went, particularly on the viewpoints of each member of the Committee.
Event: BoC Interest Rate Decision – Canada
Date: January 22, 2014
Time: 3:00pm (GMT)
What It Is About and Why It’s Important
The Bank of Canada will also release its interest rate decision on Wednesday. Analysts expect it to remain at 1%. Also wait for the monetary policy report half an hour later and the BoC press conference at 4:15pm, GMT.
Event: CPI (MoM/YoY, December) – Canada
Date: January 24, 2014
Time: 1:30pm (GMT)
What It Is About and Why It’s Important
Canada’s CPI is expected to have a mixed performance in December. While it seen to have a higher growth in the past 12 months versus the previous period (1.3% vs 0.9%), it is expected to contract by 0.2% compared to the previous month.
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