In the new week, markets will focus on important data both at home and abroad. Industrial production, labor force statistics, balance of payments and retail sales data stand out in Turkey. In addition, the Central Bank of the Republic of Turkey (CBRT)
The results of the “Market Participants Survey” will also be followed closely.
The most important data abroad will be the US consumer inflation. In addition, German industrial production, GDP in 2022, Euro Area industrial production, trade, Sentix investor confidence index, UK trade, industrial production and monthly GDP are also included in the calendar as data to be closely monitored.
***Monday, January 9***
Turkish Statistical Institute (TUIK) will announce the real return rates of financial investment instruments (10.00).
Istanbul Chamber of Industry (ICI) will publish Turkey’s export climate index data. The index continued to remain below the threshold value of 50, with 47.8 at the latest (10.00).
The Ministry of Treasury and Finance will announce the domestic debt statistics (17.30).
There is no outstanding data other than the construction approval figures from Australia in the first hours of the day (03.30).
Japan’s Tokyo Stock Exchange will be closed for “Respect for the Elderly Day”.
The first data of the day in the region will be Swiss workforce figures. Unemployment rate in the country was announced as 2.0 percent at the latest (09.45).
One of the most important data of the day will be German industrial production. Industrial production in the country came down by 0.1 percent with the latest decline in the manufacturing sector (10.00).
Foreign trade figures and current account balance data will come from France (10.45).
The new level of unemployment rate data, which was announced as 7.8 percent in Italy, will be followed (12.00).
Sentix investor confidence index data, which consists of survey data held with investors in the Euro Zone, will be announced. The index has reached its highest level in 6 months (12.30).
Unemployment rate data for the Eurozone will be followed. Unemployment rate was announced as 6.5 percent at the latest (13.00).
Mexico’s inflation figures for the last month of the year and for the whole will be on the screens. Inflation in the country was last announced as 7.80% (14.00).
Apart from the Conference Board employment index and the New York Fed consumer inflation expectation, there is no prominent data in the USA (18.00, 19.00).
Atlanta Fed President Raphael Bostic will join the conversation about the economic outlook at the Rotary Club of Atlanta (8:30 pm).
US President Joe Biden, Mexican President Andres Manuel Lopez Obrador, and Canadian Prime Minister Justin Trudeau will meet in Mexico.
***Tuesday, January 10***
Turkish Statistical Institute will publish industrial production and labor force statistics. The latest seasonally adjusted unemployment rate was 10.2 percent, while industrial production increased 2.4 percent monthly and 2.5 percent annually. In the ForeksHaber survey, there was an expectation of an increase of 0.3 percent monthly and 0.1 percent annually for industrial production (10.00).
Asian markets will start the day with balance of payments data from South Korea (02.00).
In Japan, Tokyo Region consumer price data, which has a strong correlation with domestic inflation, will be published. While the latest headline inflation in the region was 3.8 percent, consumer prices excluding food, which was followed primarily by the Bank of Japan (BoJ), became 3.6 percent (02.50).
Malaysia’s unemployment rate data will be released. The latest unemployment rate in the country came in at 3.6 percent (07.00).
The first data of the day in the region will be the inflation figures of the Netherlands. Inflation fell by 3.0 percent monthly and returned to single digits with an annual rate of 9.9 percent (08.30).
In the Netherlands, manufacturing industry production data will also be released at the same time as inflation.
Industrial production figures in the region will come from France and Spain, respectively. The latest industrial production in France fell by 2.6 percent, while in Spain it fell by 0.4 percent (10.45).
Stefan Ingves, Chairman of the Swedish Central Bank (Riksbank), will speak at an international symposium held due to the completion of his term. Bank of Canada (BoC) Governor Tiff Macklem will also attend the symposium (12.30).
The British Treasury will make its first issuance of the year with a 10-year bond. In the previous 10-year auction, the interest rate was 3.333 percent (13.05).
Inflation figures for the OECD Region will be announced (14.00).
The NFIB small business confidence index, which reflects the situation of small businesses in the United States, will be released. The index last reached 91.9 (14.00).
An important data to follow in the region will be the inflation figures of Brazil. Inflation in the country dropped to 5.90 percent at the latest (15.00).
At the same time, Mexico’s gross fixed investments data will also appear on the screens.
The only data expected from the US will be wholesale inventories. The latest stocks increased by 0.5 percent (18:00).
The U.S. Treasury will bid for 3-year bonds. The interest rate of the last 3-year bond came in at 4,093 percent (21.00).
***Wednesday, January 11***
The Central Bank of the Republic of Turkey (CBRT) will publish the Balance of Payments report. The current account balance gave a deficit of 359 million dollars last. In the survey conducted by ForeksHaber with 15 economists, the current account balance expectation for November was 3.83 billion dollars (10.00).
TurkStat will announce construction cost index data. The construction cost increase was last announced as 117.7 percent (10.00).
The Banking Regulation and Supervision Agency (BRSA) will publish 11-month data on financial, factoring and consumer finance companies (14.00).
In the public offering of Astor Enerji A.Ş., the sale of shares will take place between 11-13 January for 3 days. Shares with a nominal value of 1 TL will be offered for sale at a fixed price of 12.50 TL.
South Korea’s unemployment rate will be announced. The unemployment rate in the country is 2.9 percent (02.00).
Trade figures for Japan for the first 20 days of December will be released (02.50).
Retail sales, job postings and consumer price index data will be displayed at the same time (03.30) in Australia.
The Japanese Treasury will launch long-term debt with 30-year bonds. In the last 30-year bond, the interest rate was 1.481 percent (06.30).
Retail sales and industrial production data will be released in Malaysia (07.00).
Leading indicators data will be published in Japan (08.00).
Retail sales figures for November in Italy will be announced. Retail sales in the country decreased by 1.2 percent at the latest (12.00).
Oil and petroleum products stocks data of the American Petroleum Institute (API), the largest trade union of the energy sector in the USA, will be announced (00.30).
Retail sales figures in Brazil will be released. Retail sales in the country last increased by 0.4 percent monthly and 2.7 percent annually (15.00).
At the same hour, Mexico’s industrial production figures will come in. Industrial production increased by 0.4 percent monthly and 3.1 percent annually.
MBA data showing the direction of loan applications and interest rates in the housing market in the USA will be published (15.00).
The US Department of Energy (DoE) will release oil and petroleum products stocks data (18.30).
The U.S. Treasury will borrow with 10-year bonds. In the previous 10-year bond auction, the average interest rate was 3.625 percent (21.00).
***Thursday, January 12***
TurkStat will publish turnover indices, retail sales and foreign trade indices. The latest retail sales volume increased by 1.4 percent monthly, 9.5 percent annually, turnover index increased by 3.9 percent monthly and 124.8 percent annually (10.00).
The Banking Regulation and Supervision Agency (BRSA) will announce weekly sector data (14.00).
CBRT money and bank statistics weekly data will be published. In the CBRT’s weekly bulletin, the movements of non-residents, reserves, monetary data and the FX position of residents will be monitored primarily (14.30).
Markets will start the day with New Zealand’s building permit data (00.45).
In addition to weekly securities statistics, current account balance and credit figures will come from Japan (02.50).
Australia’s consumer inflation forecast and foreign trade figures will be announced (03.00, 03.30).
In Japan, economic watchers current and outlook indices will be published. The latest current index was announced as 48.1 and outlook index as 45.1 (08.00).
Consumer prices and industrial production in India will be released. Inflation in the country was announced as 5.88 percent and industrial production as 4.0 percent decrease (15.00).
In European markets, where there is no prominent data, the outcome of Germany’s 30-year bond auction will be followed. The average interest rate of the last 30-year bond was announced as 1.94 percent (13.30).
One of the most important data of the week will be the inflation figures from the USA. Consumer prices in the country were last announced at 7.1 percent year-on-year (16.30), with a monthly increase of 0.1 percent.
At the same time, the US weekly jobless claims will also appear on the screens.
St.Louis Fed President James Bullard will attend a moderated talk on the US Economy and Monetary Policy at the virtual Wisconsin Bankers Association Midwest Economic Forecast Forum (19.30).
Richmond Fed President Thomas Barkin will speak at the Virginia Bankers Association/Virginia Chamber of Commerce Financial Forecast event (20.40).
The U.S. Treasury will go into debt with a 30-year bond issuance. In the last 30-year bond auction, the average interest rate was 3.513 percent (21.00).
The last data of the day will be Argentina’s inflation figures. In the country struggling with high inflation, the latest figure reached 92.4 percent (22.00).
***Friday, January 13***
The CBRT will announce the results of the “Market Participants Survey”. In the last survey, consumer price expectations for 12 months ahead were 34.92 percent, and expectations after 24 months were determined as 20.56 percent (10.00).
Turkish Statistical Institute (TUIK) will publish data on poultry farming and milk and dairy products (10.00).
The CBRT will announce the financial accounts report for the third quarter of 2022 (14.30).
The first data of the day will be South Korea’s import and export prices (00.00).
The first interest rate decision of the year in the region will be announced by the Central Bank of South Korea (BoK). In the last meeting of the previous year, the Bank continued to increase interest rates by 25 basis points (03.50).
The Japanese Treasury will hold a 5-year bond auction. The average interest rate in the last 5-year bond auction was 0.121 percent (06.30).
The Central Bank of Kazakhstan (NBKZ) will announce the first interest rate decision of the year. NBKZ increased interest rates by 75 basis points at the last meeting of last year (11.00).
European markets will start the day with the intense data flow from England. Trade, industrial production, construction and service production, monthly GDP figures will be displayed at the same time (10.00).
Final consumer price data for France and Spain will be published (10.45, 11:00).
In Germany, GDP figures for the whole of 2022 will be announced. In 2021, the country’s economy grew by 2.7 percent (12.00).
Industrial production data for Italy will be published. The latest industrial production in the country came down 1.0 percent monthly and 1.6 percent annually (12.00).
One of the important data of the day will be Euro Zone industrial production. Industrial production in the region decreased by 2.0 percent monthly and increased by 3.4 percent annually (13.00).
At the same hour, the Euro Zone trade figures will also appear on the screens.
The first data to come from the USA will be import and export prices. Most recently, import prices decreased by 0.6 percent and export prices by 0.3 percent (16.30).
Other data for the USA will be the University of Michigan consumer confidence index leading data and the IBD/TIPP economic optimism index (17.00).
As the last data of the week, Baker Hughes drilling rig numbers are on the calendar (21.00).