As the holiday season draws to a close, global financial markets are set to regain full momentum in the first full trading week of 2025. The past two weeks of subdued activity, characterized by limited liquidity and a break in major economic data releases, will give way to a much-anticipated return to normalcy. Investors, armed with fresh budgets and renewed strategies, are gearing up for a dynamic week filled with significant market-moving events.
This week marks the beginning of critical economic data releases across the globe. From inflation statistics in Europe and Asia to key U.S. employment figures, the markets are poised for potential volatility as traders interpret a broad spectrum of macroeconomic indicators. Below is a comprehensive, day-by-day breakdown of the anticipated major risk events and their potential implications.
Monday, 6 January 2025
- Asian Session:
- Quiet session with no major data releases in the region.
- European Session:
- German Preliminary CPI Data: Released incrementally by state before consolidation, the overall figure is projected to reflect a 0.3% month-on-month increase.
- Market participants will closely monitor these numbers for insights into inflation trends in the Eurozone’s largest economy.
- New York Session:
- U.S. Final Services PMI: A critical indicator of the health of the U.S. service sector, this data point could influence sentiment at the start of the week.
Tuesday, 7 January 2025
- Asian Session:
- Quiet session with no notable economic data.
- European Session:
- Switzerland CPI Data: Key inflation figures expected during the European open.
- UK Construction PMI: Provides insights into the state of the UK construction industry.
- Eurozone Flash CPI: A crucial data point for gauging inflationary pressures in the Eurozone.
- New York Session:
- JOLTS Job Openings: First tier-1 U.S. labor market data of the year, reflecting job availability and labor demand.
- ISM Services PMI: Another important indicator of U.S. economic health.
- Canadian Ivey PMI: Released simultaneously with U.S. data, offering a view into Canadian economic activity.
Wednesday, 8 January 2025
- Asian Session:
- Australian CPI Data: The first major Australian economic indicator of the year, crucial for assessing inflationary trends.
- European Session:
- A relatively quiet session with no significant economic releases.
- New York Session:
- ADP Non-Farm Employment Change: A prelude to the official U.S. jobs report, this data often sets the tone for market expectations.
- Crude Oil Inventory Data: Provides insight into supply and demand dynamics in energy markets.
- FOMC Meeting Minutes (December): Traders will dissect the Federal Reserve’s discussions for clues on future monetary policy direction.
Thursday, 9 January 2025
- Asian Session:
- Australian Retail Sales Data: Offers a snapshot of consumer spending in Australia.
- Chinese CPI and PPI Data: These figures are critical for understanding inflationary pressures in the world’s second-largest economy.
- European Session:
- No significant economic data releases.
- New York Session:
- Weekly U.S. Unemployment Claims: Provides a real-time glimpse into the U.S. labor market’s performance.
Friday, 10 January 2025
- Asian Session:
- Quiet session with no major releases.
- European Session:
- Little activity expected as markets focus on upcoming U.S. data.
- New York Session:
- U.S. Non-Farm Payrolls (NFP): The highlight of the week, this data is anticipated to cause significant market volatility. Analysts expect it to set the tone for U.S. monetary policy discussions.
- Canadian Employment Data: Released simultaneously with U.S. NFP, adding complexity for Canadian dollar traders.
- Preliminary University of Michigan Consumer Sentiment and Inflation Expectations: While notable, these figures are expected to take a back seat to the NFP release.
