Important Data to Monitor in the Next Week

The calendar of data to be monitored next week was determined.

Important economic data to be monitored in the domestic and global markets during the trading week of January 25 - 29 will be as follows:  

Domestic Data Calendar

Monday

Real sector confidence index: The index, which measures the evaluations of the authorities operating in the sector regarding the economic image, increased by 2.9 points in December and reached 106.8. Capacity utilization: The index, which measures the actual capacity utilization of companies operating in the sector according to their existing physical capacities, closed the year at 75.6 percent after falling to 61.6 percent during the quarantine process. Indicators are expected to continue to increase in January.  

Thursday

Central Bank of the Republic of Turkey (CBRT), 2021 will be announced the first inflation report. The quarterly report will include the assessment of the last quarter and forecasts for the first quarter. This presentation, which will take place before the inflation data to be announced next week, will have a serious impact on pricing and expectations. Also, CBRT will announce weekly banking and money statistics. Changes in reserves, changes in residents' foreign exchange accounts and changes in foreign investor transactions will be monitored in the last week.  

Friday

Foreign trade deficit: The last month of 2020 foreign trade deficit data will be announced and the estimates are to be $ 5 billion. Tourism revenues: Tourism revenues, which declined sharply in the first and second quarters of the year due to the coronavirus epidemic, recovered slightly in the third quarter as restrictions were relaxed. A decrease in income is predicted as restrictions came again in the last quarter.  

Global Markets Data Calendar

Monday

The IFO Business Climate Index will be announced in Germany. In this data, in which sectors such as manufacturing, retail and construction evaluate the course of the economy, it is stated that a decrease below the 90.0 floor can be seen in January. Signals that the current epidemic restrictions in Germany may be tightened further raise concerns about the economic recovery.  

Tuesday

UK unemployment data will be released. In England, the European country most adversely affected by the coronavirus epidemic, there is an increase in the unemployment rate and it is estimated that the figure will continue to increase to 5 percent. Consumer confidence index will be announced in the USA. The index, which decreased from 130.0 to 85.7 during the coronavirus epidemic, rose to 100.0 in the September-October period, but a decrease was observed in the index with the reintroduction of restrictions in recent months. The expectation for January indicated that the weakness below 90.0 will continue.  

Wednesday

In the USA, orders of durable goods, which recorded a record decline during the epidemic period, increased by 1 percent in recent months, but demand for these high-cost goods is expected to be low in the last month. The FED will hold the first FOMC meeting of 2021, and the need for financial support, losses in the employment sector and inflation will be closely monitored at the meeting, which is thought to be unchanged in interest rate and asset purchase amount. After the Treasury Minister Janet Yellen announced that there would be no intervention in the pricing in the dollar and that the markets would be the determinant, FED President Jerome Powell's evaluation of the dollar will be followed with interest as an important topic.  

Thursday

In the US, growth figures for the last quarter of 2020, weekly unemployment benefits and new home sales will be followed. The US economy, which recorded a record-breaking loss in the epidemic period on a quarterly basis, is expected to grow by 4 percent in the last quarter. Due to the restrictions, it is predicted that the demand for unemployment benefits, which has peaked in the last 5 months, will reach over 900 thousand.  

Friday

Unemployment data will be released in Germany. The unemployment rate, which has exceeded 6 percent, is expected to be high in the last month due to the restrictions. It is said that the damage caused by the epidemic in Germany, the strongest economy in the Euro Zone, is seriously large. In addition, the growth rate in the last quarter of 2020 will be followed.   Monthly personal income, expenses and real earnings will be announced in the USA. Due to the high level of uncertainty, the changes in the expenditures of the households who behave cautiously will be monitored, and these data give an idea about inflation. Weak spending despite income can put pressure on inflation due to low demand. Suspended housing sales are declining as of September and a 0.6 percent decline is expected in December.     Source: Investing.com