OctaFX | OctaFX Forex Broker
Open trading account
Back

US NFP and Eurozone inflation amongst market movers today – Danske Bank

Analysts at Danske Bank suggest that the US NFP and Euro are flash HICP figures are going to be the key economic releases for the day.

Key Quotes

“In the US, the payrolls report is due and we expect a rebound to 190,000 new jobs in December. But it is average hourly earnings that are key: we think this rose 0.25% m/m in December, which means a fall in the annual growth rate to 2.9% y/y from 3.1%.”

“In the euro area, flash HICP figures for December are due: we expect the headline figure to decline to 1.9% but with downside risk to this estimate, and we see core inflation jumping back to 1.1%, driven by higher services prices during the holiday season.”

“In the UK, the PMI services is expected to increase a tad from the previous 50.4 reading.”

“Fed chair Powell is set to join predecessors Yellen and Bernanke for a panel discussion at the American Economic Association annual meeting; this could make for some broader reflections on monetary and notably Fed policy more specifically. Yesterday, the Fed's Kaplan indicated openness to an earlier end to and/or slower balance sheet run-off.”

UK: Services PMI likely to decline to 50.0 in December - TDS

According to analysts at TD Securities, UK services PMI is likely to weigh down by the spillovers from weaker European demand, coupled with anecdotal
Read more Previous

United Kingdom Nationwide Housing Prices s.a (MoM) below expectations (0.1%) in December: Actual (-0.7%)

United Kingdom Nationwide Housing Prices s.a (MoM) below expectations (0.1%) in December: Actual (-0.7%)
Read more Next
Start livechat