Jan 07, 2025 Market Update
Market Update: 7th January 2025
Rob Smith - Founder
Welcome to the first market update of 2025! We hope you're all as refreshed and ready for the new year as we are.
What happened last week?
Unsurprisingly it was a quiet week last week, with little to no economic news of note to report on.
For more information out how 2024 panned out and what is potentially to come for 2025 visit our blog post here.
What to watch out for this coming week?
Europe
- Monday 6th - German Consumer Price Index (CPI) - German CPI for the month of December set to show price rises in the EUs largest economy (forecast of 0.3%).
- Tuesday 7th - Euro-area Consumer Price Index (CPI) - Euro-area CPI data to be released for the calendar year of 2024 forecast to show inflation to be higher than 2023 (2.4% vs 2.2%).
Americas
- Monday 6th - Service Purchasing Manager index - Service PMI data for the US forecast to show growth in the Service Sector in the month of December.
- Wednesday 8th - Federal Reserve Meeting Minutes - The minutes from December's Federal Reserve meeting will be released. This will show how much support the latest interest rate cut had amongst the Committee members.
- Friday 10th - Nonfarm Payrolls - The employment change in the US for the month of December will be released, with a Christmas boost expected.
- Friday 10th - Unemployment Rate - Unemployment set to remain at 4.2% for the US.
That's all for this week. See you next time!
Disclaimer: Please note this information is provided for general informational purposes only and does not constitute financial advice. Before making any investment decisions, it is advisable to consult with a qualified financial advisor.
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