“Summary of Feb 7 Economic Data: JPY Bond Auction, CHF Unemployment Rate, EUR Industrial Production, CAD and USD Trade Balances, and USD Crude Oil Inventories”
The economic indicators from Japan, Switzerland, the Eurozone, the UK, Canada, and the U.S. have different impacts on the markets. The JPY 30-y Bond Auction report and the Leading Indicators which exceeded expectations could strengthen the Yen and boost confidence in Japan’s economy. Switzerland’s steady unemployment rate indicates stability while the decrease in German Industrial Production could indicate potential economic slowdown in Europe. The increased Halifax HPI reveals stronger housing prices in the UK. Meanwhile, France’s unchanged payrolls and increasing trade deficit can be a concern for investors. The CAD and USD Trade Balance figures indicate trade deficit while the increase in the USD Crude Oil Inventories could affect oil prices globally. Lastly, speeches by various members of FOMC could influence the markets, depending on their outlook on the US economy. All these factors play a role in the global economic direction and investor sentiment.
