The week ahead 14.01.2019
We started out the week with Chinese import/export data which underlined the expected slight decline in this area, with an interesting emphasis on the fall in imports of electronics-related components. Next up today is Industrial Production in the Eurozone (also expected to show a decline) as all is not as well as some might want to believe. Tomorrow (15th) brings US PPI at 13:30 (all times GMT unless otherwise stated), but the big event of the day is the UK Parliaments’ “meaningful vote” on the UK Prime Minister’s so-called “Withdrawal Agreement”, which in fact seeks to ensnare the UK into an EU web from which it might never escape. Wednesday brings us UK CPI and PPI figures, but these are not likely to have any significant impact given the political uncertainty regarding the direction of the UK. There is a 2 day G20 meeting starting Thursday, with all the scope for inflammatory or unguarded comments being reported, with both European and Japanese CPI, (10:00 & 23:30 respectively), with an interval for US Housing starts at 13:30 that are unlikely to be significant. We round the week off on Friday with UK Retail sales at 09:30, Canadian CPI at 13:30 & US Industrial Production data at 14:15.