Investors attentive to industrial production and CPI in the euro zone and the US.
The week that begins will maintain expectations for industrial production and the CPI, as well as for different technical publications on the market in the euro zone and the United States, as well as other countries
The period begins with the release on Monday of China’s inflation figures for December, and with the statistics of industrial production in Spain for November and investment confidence in the euro zone this month.
Tuesday will pass without relevant data that could move the market, while on Wednesday the evolution of November industrial production in the euro zone will be published in a context marked by the coronavirus pandemic, as well as last month’s US CPI and the monthly economic report of the Federal Reserve (US central bank), better known as the “Beige Book”.
Decisive week, or not, in data
For the director of Equity Analysis of Singular Bank, Nicolás López Medina, “the most important data for the US this week will be those of industrial production and retail sales for December, and in both cases they are expected to follow the positive trend in recent months “.
In his opinion, “it is not a week of very relevant economic data, we have come to know the PMI for the month of December, where we have had positive surprises in both Europe and the US”.
Economy improved slightly, but threat of slight deterioration remains
“There are indications that the economy, at least in December, had improved, although in January we may have another small deterioration due to all the measures that are being taken to face the pandemic”, López stressed.
In the US, the industrial production data for December will be released on January 15, when retail sales for that month and the US consumer confidence statistics for January from the University of Michigan will also be released.
Some results for the close of fiscal year 2020 will also begin to be published, which will be inaugurated by several US financial entities, such as Blackrock, Citigroup, JP Morgan or Wells Fargo, and some companies will pay a dividend (Iberdrola, CAF and Inmobiliaria del Sur).
In short, all important and interesting data, but not too decisive or relevant.
G. Febres
With information from international media, EFE agency and social networks
