Investors will closely follow the final CPI data in the euro area

By: News Team

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Investors will closely follow the final CPI data in the euro area

Investors will closely follow Eurostat’s release of the final January CPI data for the euro area next week, as well as January’s ZEW business sentiment surveys, manufacturing and services PMIs and the consumer confidence index.

After a week marked by the publication of the European Commission’s growth and inflation forecasts, which projects a greater moderation in prices and a higher GDP increase than initially expected, investors will remain focused on Thursday’s publication of the final inflation rate for January in the euro area. as highlighted by analysts at Singular Bank.

According to EFE, the director of Studies of the Spanish Institute of Analysts, Alfredo Jiménez, next week will also be relevant the PMI purchasing managers index, which includes surveys of private sector companies and is used to see the health of the economy.

He also stressed that on Wednesday the decision on interest rates in New Zealand will be known, since he has specified that when they make movements they usually have a lot to do with commodities.

The week will begin this Monday without the reference for the European stock markets of Wall Street, which will remain closed for the holiday of the day of the presidents.

In Europe, this Monday 20, the PMI data of the manufacturing and services sector will be known

On Tuesday 21, the ZEW Index of German investor confidence will be known, while a day later, on Wednesday 22, the CPI of the euro area will be published.

On Tuesday, the PMI of the euro zone will also be known.

At the same time, the publication of results of companies such as Iberdrola (BME:IBE) or Telefónica (BME:TEF), HSBC, Danone (EPA:DAMAGE), Stellantis or AXA (EPA:AXAF), among others.

In the US, interest will be directed towards the publication of the GDP for the fourth quarter of 2022, manufacturing PMIs and the University of Michigan confidence index.

It will be on Tuesday when the manufacturing and services PMIs are released.

The University of Michigan Confidence Index will be released on Friday.

In the Asia-Pacific region, the only relevant indicator that will be known this week will be the 1-year loan rate, which is expected to remain at the same level it is at, at 3.65%.

In Japan, the market will not operate on Thursday as the emperor’s birthday is celebrated.

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