Weekly Summary: Trump’s AI Plan, Netflix Surge, FTSE 100 Record (20-25 January 2025)
Thursday 23 January 2025
06 January 2025 Week Ahead: Fedspeak, Earnings, PMI & More
The second week of January 2025 brings key economic releases and reports that could shed some light on the economic landscape as we enter the new year.
From jobs data to Fed releases, here are this week’s main economic events:
PMI Releases
The Purchasing Managers Index (PMI) is a report that measures the health of a country's manufacturing and services sectors.
Today, Monday, 6 January, key PMI releases will emerge from various economies, with the main ones being as follows:
HCOB Eurozone PMI
France Services PMI
Germany Composite PMI
US S&P Global Composite PMI
Jobs Report
One of this week’s most anticipated reports is arguably Friday’s US jobs data, as it will reveal how the world’s largest economy is faring. This is especially true since the US labour market has been volatile in the past couple of months due to factors like strikes and even hurricanes.
For reference, November’s labour report saw a 227,000 job growth (higher than October). For Friday’s release, which will reflect December’s data, the expectations point towards adding 154,000 jobs while unemployment is projected to remain the same at 4.2%.
Fed Minutes & Fedspeak
On Wednesday, 8 January, the Federal Reserve, one of the most powerful central banks in the world, will release the minutes of December’s FOMC meeting, whereby a 25-basis point interest rate cut was decided.
According to Deutsche Bank analysts, “Given Powell’s description of the meeting and the dissent from Cleveland’s Hammack, we suspect that the minutes will detail a divergence in views on the appropriate action at the meeting.” In addition, they will also examine “how officials reflected upcoming changes to fiscal, trade and immigration policies in their forecasts.”
Besides the minutes report, traders and consumers will also get the chance to hear from key Fed officials, like Governors Cook and Waller, on Monday and Wednesday, respectively.
Inflation Data
Inflation has been one of the main global concerns in the past couple of years. As such, this week’s flash Eurozone inflation, which will be released on Tuesday, 7 January, will be key to deciding whether the ECB will cut rates again as expected.
Besides the Eurozone, China, Asia’s largest economy, will release the Consumer Price Index (CPI) and Producer Price Index (PPI) on Thursday, 9 January, and it will be interesting to see what the data will reveal. (Source: Investing.com)
Earnings Reports
Earnings will continue with reports from the following companies:
RPM International (RPM) on Tuesday, 7 January.
Jefferies Financial (JEF) and Acuity Brands (AYI) on Wednesday, 8 January.
Delta Air Lines (DAL), Constellation Brands (STZ), and Walgreens Boots Alliance (WBA)
Other Key Releasesw
Monday, 6 January
US Factory Orders
Remarks from Nvidia’s CEO Jensen Huang (at CES in Las Vegas)
Tuesday, 7 January
Job openings
US Trade Deficit
Wednesday, 8 January
US Consumer Credit
Thursday, 9 January
US Wholesales Inventories
Friday, 10 January:
Conclusion
This week, key releases will emerge from some of the world’s biggest economies and companies. Traders, consumers, and analysts may want to keep track of the results to see what else may lie ahead for the economy as we progress into the new year.
