Daily Market Ahead: Key Global Data Releases

TradingKey – Here are today’s key economic events to watch.

Germany Real Retail Sales Annual Rate (December)

Germany’s Federal Statistical Office will release December’s real retail sales annual rate. Whether the growth momentum can be sustained remains a key focus for markets. In November, retail sales rose 2.5% year-over-year, significantly higher than October’s 1% and exceeding the forecast of 1.9%.

U.S. Core PCE Price Index Monthly Rate (December)

On January 31, the U.S. Bureau of Labor Statistics will release the December Core Personal Consumption Expenditures (PCE) Price Index. Whether the index continues to decline will influence the Federal Reserve’s March monetary policy decision. In November, core PCE rose by just 0.1% month-over-month, well below the forecast of 0.2% and significantly lower than the 0.3% increases seen in September and October.

China Caixin Manufacturing PMI (January)

On the morning of February 1, China’s National Bureau of Statistics and the China Federation of Logistics and Purchasing will release the January Caixin Manufacturing Purchasing Managers’ Index (PMI). The PMI has remained in expansion territory above the 50 threshold for three consecutive months, though it showed a slight decline last month, reflecting slower growth in manufacturing supply and demand.

Chinese and Other Asian Markets Remain Closed 

On January 31, financial markets in China, Taiwan, Hong Kong, and several other regions will remain closed for the Lunar New Year holiday.