Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Friday sees a slower session in Europe on the data front, but, without doubt, the US monthly jobs data will be the main focus for financial markets.
European factory performance starts the session, with German manufacturing order expected at 0700GMT and French industrial production at 0745GMT. German order are seen rising 0.6% on the month, slowing from 3.7% in November. French industrial production is expected to rise to 0.6% from -0.4% in November.
Further PMI data is expected from the eurozone and UK, giving an insight into the construction sector, with releases due at 0830 and 0930 GMT respectively.
The main data is expected at 1330 GMT with the release of the US and Canadian jobs data.
Non-farm payrolls are expected to slow, reflecting the spread of Omicron, with consensus looking for just 100,000 jobs added in January. Average earnings are expected to slow modestly on month, slipping to +0.5% from 06%, although the annual rate is expected to pick up to 5%.
Other events of note include the release of Professional forecaster surveys by both the BOE and ECB, and an appearance by BOE deputy Governor Ben Broadbent and chief economist Huw Pill. The Norges Bank is expected to announce its new Governor at around 1130GMT.
| Date | GMT/Local | Impact | Flag | Country | Event |
| 04/02/2022 | 0700/0800 | ** |  | DE | manufacturing orders |
| 04/02/2022 | 0745/0845 | * |  | FR | industrial production |
| 04/02/2022 | 0830/0930 | ** |  | EU | IHS Markit Final Eurozone Construction PMI |
| 04/02/2022 | 0900/1000 | | EU | ECB Survey of Professional Forecasters | |
| 04/02/2022 | 0930/0930 | ** |  | UK | IHS Markit/CIPS Construction PMI |
| 04/02/2022 | 1000/1100 | ** | | EU | retail sales |
| 04/02/2022 | 1215/1215 | | UK | BOE Broadbent & Pill Monetary Policy Briefing | |
| 04/02/2022 | 1330/0830 | *** |  | US | Employment Report |
| 04/02/2022 | 1330/0830 | *** |  | CA | Labour Force Survey |
| 04/02/2022 | 1500/1000 | * | | CA | Ivey PMI |
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.