This article summarizes what to look ahead in the markets for investors for the week ending January 21, 2022. Investors need to constantly monitor the markets for news that could affect their investments. An economic calendar is a powerful tool that provides such news or information.
Below is a summary of announcements that could affect the markets this week.
November mining production data will be released on Tuesday. The markets expect year-on-year mining production to increase by 4.25 percent from the previous 2.1 percent. The SARB will announce the latest inflation numbers on Wednesday. The markets expect year-on-year South Africa inflation for December to be 5.7 percent, a 0.2 percent increase from the previous 5.5 percent. The month-to-month inflation rate for December is expected to slow down to 0.4 percent from a previous 0.5 percent. November retail sales numbers will be announced later in the day.
On Thursday, Americans will know how many of them filed new claims for unemployment benefits. This number makes up the initial jobless claims, which indicate the employment situation in the country. The U.S. Energy Information Administration (EIA) will later in the day announce crude oil stocks change for the week ending January 14, 2022. This follows a decline of 4.553 million barrels in the week ending January 7, 2022.
Early on Monday, China announced a GDP growth rate of 4.0 percent year-on-year in the fourth quarter of 2021. This was above the 3.6 percent market forecast but below the 4.9 percent growth reported in the previous period. A number of economic headwinds, such as the property downturn and COVID-19, still affect the Chinese economy. China is the biggest consumer of most global commodities.
The People’s Bank of China will announce one-year and five-year loan prime rates on Thursday. At the previous fixing, the bank slashed its one-year loan prime rate by 5 basis points, to 3.80 percent. This was a first of such a move since April 2020 as China sought to encourage growth.