US inflation and 4 other things you need to know to start your day – Markets

US inflation and 4 other things you need to know to start your day

This Tuesday, the market will be watching European GDP and unemployment data, as well as US inflation data, for clues about the future of the Federal Reserve’s monetary policy.

GDP and employment in Europe in the fourth quarter

Eurostat publishes a second estimate of employment figures and GDP developments in the fourth quarter of 2022, with more countries included in the analysis. Figures from the first estimate show the Eurozone economy grew by 1.9% in the fourth quarter of 2022 year-on-year and 0.1% year-on-year. In the European Union (EU), GDP increased by 1.8% compared to the same period in 2021 and stabilized chainwise.

January inflation in the US

Investors will also look to the US consumer price index for January after inflation eased to 6.5% in December. Analysts now expect inflation to slow to 6.2% as markets try to predict the future of monetary policy from the US Federal Reserve (Fed).

Results season continues to roll

Companies continue to report on accounts in the US and Europe. Coca-Cola, Mariott and Airbnb, among others, are scheduled to report quarterly results this Tuesday. On this side of the Atlantic, the highlights are Carrefour, TUI and Thyssenkrupp.

Information on tourism activity in Portugal

The National Institute of Statistics (INE) reveals data on tourism activity in Portugal for December. November figures showed that the sector continues to recover, with hotel nights (representing 82% of the total) quadrupling (+309.6% year-on-year), similar to what was seen in local accommodation, with weight of 14.8%, in which the number of nights is multiplied by three (+215.2%).

OPEC monthly report

Also in the spotlight this Tuesday will be the Organization of the Petroleum Exporting Countries’ (OPEC) monthly oil data report, at a time when new sanctions against Russia have already come into effect and Moscow has promised to retaliate with production cuts. . for March.

Here will be the recommendation

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