This week, global financial markets will be busy watching the meetings of central banks with political decisions expected from the US, UK and Japan.
Investors will also monitor key economic data (NFP, Euro Area Inflation Rate).
List the five most important events this week:
1.Federal Reserve Rate Decision
The Fed is not expected to take action on interest rates at the meeting on Wednesday. The central bank will present its final report as investors look for any changes that may raise the short-term rates.
The Fed said last month that at least three percent will rise in 2017. However, traders remained unconvinced. Instead, the markets traded only 2 percent increase this year.
According to a recent vote of Reuters, borrowing costs will be detained until the second quarter when another 25-point increase is possible.
2. Bank of England Policy Announcement
BoE will present interest rates on Thursday, analysts do not expect a change in policy. The Bank will also present a report on inflation.
Market experts expect the BoE to hold to their neutral position in terms of reducing or increasing interest rates in the future due to the scale of uncertainty in relation to last year's referendum on leaving the EU.
3. Bank of Japan Monetary Policy Decision
The latest decision on interest rates BoJ statement and monetary policy will be in the Asian session on Tuesday. Haruhiko Kuroda will give a press conference.
Poll by Reuters shows that the BoJ is expected to leave unchanged the monetary policy.
According to the survey, BoJ will keep its interest rates by 0.1% and 10-year government bond yields at around 0%.
4. U.S. January Nonfarm Payrolls Report
US will present its report in January NFP on Friday. The forecast is that there will be increased to 171,000 jobs, resulting in an increase of 156,000 in December, the unemployment rate is expected to remain at 4.7%, while average hourly earnings are expected to rise by 0.3%.
Upbeat report points to an improving economy and support for higher interest rates in the coming months, while a weak report will add to uncertainty about the economic outlook.
Besides employment report, the calendar this week includes data on personal income and expenses, employment, consumer confidence and other.
5. Euro Zone Flash January Inflation Figures
Eurozone will publish inflation figures for January on Tuesday.
The forecast is that the report will show consumer prices to increase by 1.5 percent. Despite the upward trend in inflation president Mario Draghi recently ignore the importance of the importance of raising consumer prices, he said the release of inflation still remains weak.
Besides inflation data, the euro zone will also release preliminary data on growth for the fourth quarter on Tuesday, while the European Commission is scheduled to publish economic forecasts on Wednesday.
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