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MNI GLOBAL WEEK AHEAD: Riksbank & RBA to Hike, German CPI Due

MNI (London)
After a heavy data week across Europe and the US as well as Fed, BOE and ECB rate hikes, this coming week’s data schedule is lighter, topped by UK GDP, EZ industrial production/retail, and supplemented with the RBA and Riksbank meetings.

MONDAY

Germany Factory Orders: Factory orders are seen expanding again by 2.0% m/m in December, after the 5.3% m/m contraction recorded in December. Compared to December 2021, factory orders are expected to be down -11.8% y/y. The November collapse in demand was largely driven by foreign orders, as global demand declined due to tighter financial conditions and weak growth outlooks. China’s recent reopening measures will lift export orders, signalling a more robust start to 2023 in data to come.

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After a heavy data week across Europe and the US as well as Fed, BOE and ECB rate hikes, this coming week’s data schedule is lighter, topped by UK GDP, EZ industrial production/retail, and supplemented with the RBA and Riksbank meetings.

MONDAY

Germany Factory Orders: Factory orders are seen expanding again by 2.0% m/m in December, after the 5.3% m/m contraction recorded in December. Compared to December 2021, factory orders are expected to be down -11.8% y/y. The November collapse in demand was largely driven by foreign orders, as global demand declined due to tighter financial conditions and weak growth outlooks. China’s recent reopening measures will lift export orders, signalling a more robust start to 2023 in data to come.

Keep reading...Show less
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