Tuesday preview: US CPI, UK employment in focus
By Alexander Bueso
Date: Monday 13 Feb 2023
(Sharecast News) - All eyes on Tuesday would be on the US consumer price report for the month of January.
.Economists anticipated that CPI inflation would be shown to have reaccelerated in month-on-month terms following the large downshift seen in November and December.
Headline CPI was seen up by 0.5% on the month and by 0.3% at the core level, although in annual terms prices were still seen slowing from 6.4% to 6.2% and from 5.7% to 5.4%, respectively.
Depending on the economist, that was expected to suffice for the Federal Reserve to go ahead and raise short-term official interest rates by another 50 to 75 basis points by June.
Investors would also be keeping close tabs on speeches from at least three top Fed officials, starting with Dallas Fed boss, Lorie Logan, from 1600 GMT.
Against that backdrop, at 0700 GMT the UK's Office for National Statistics was due to release its employment report for December.
Consensus was for the quarterly and year-on-year rate of increase in average weekly earnings to dip from 6.4% over the three months to November to 6.2%.
The unemployment rate meanwhile was seen holding steady at 3.7%.
Across the Channel, at 1000 GMT, Eurostat was scheduled to publish euro area employment and revised gross domestic product data with both reports covering the last quarter of 2022.
In Asia, data due out overnight was expected to show that Japanese fourth quarter GDP recovered from the 0.8% quarter-on-quarter annualised dip seen over the prior three-month stretch to 2.0%.
Tuesday 14 February
INTERIM DIVIDEND PAYMENT DATE
Cohort
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Consumer Price Index (US) (13:30)
GDP (Preliminary) (EU)` (10:00)
FINALS
Carr's Group, Coca-Cola HBC AG (CDI), Plus500 Ltd (DI)
AGMS
Dewhurst Group, TUI AG Reg Shs (DI)
UK ECONOMIC ANNOUNCEMENTS
Claimant Count Rate (07:00)
Unemployment Rate (07:00)
FINAL DIVIDEND PAYMENT DATE
Blackrock Frontiers Investment Trust, Future, Grainger, Unicorn AIM VCT
Q1
TUI AG Reg Shs (DI)
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