CFD Markets News and Forecasts — 25-01-2013

The euro rose to its strongest level against the dollar in 11 months as the European Central Bank said banks will hand back a greater amount of three-year loans than analysts estimated, boosting short-term borrowing costs.

The shared currency gained for a seventh week against the yen as the ECB said 278 banks will repay 137.2 billion euros ($184.4 billion) next week, versus an 84 billion-euro forecast in a survey. The yen headed for a record weekly losing streak versus the dollar as Japan’s consumer prices fell. The two-year interest-rate swap spread between the euro and dollar, a key lending rate, increased to the widest in six months.

The yen fell as the government said consumer prices excluding fresh food fell 0.2 percent in December from a year earlier. The central bank announced open-ended asset purchases and a 2 percent inflation target this week. The yen pared losses after government data showed purchases of new U.S. homes unexpectedly fell in December, damping demand for riskier assets. The purchases slid 7.3 percent to a 369,000 annual pace, versus a survey forecast of 385,000.

Pound weakened for a second day against the euro, falling to 13-month low after a report showed that the UK economy shrunk in the fourth quarter than analysts had forecast. Sterling fell to the lowest level in five months against the dollar, as the reduction in the UK has put on the brink of an unprecedented triple recession. According to the report, the gross domestic product declined in the fourth quarter by 0.3%, changing the increase of 0.9% in the third quarter, which was mainly due to increased activity during the Olympics. Note that the projected decline economists should have been 0.1%. Compared with the fourth quarter of 2011, GDP was unchanged, as it was in the third quarter, although the experts forecast an increase of 0.2%.

The Canadian dollar fell against the dollar after Canada's annual inflation rate in December was 0.8%, which is a three-year low. Economists say that in the context of this low probability statistics interest rate increase by the Bank of Canada remains very low. Note that, according to the experts, the rate of inflation would grow to the level of 1.2%.

European stocks posted a weekly gain, rising to a 23-month high, as German investor confidence climbed to the highest in 2 1/2 years and U.S. lawmakers voted to temporarily suspend the government’s borrowing limit.

In Germany, investor confidence increased to a 2 1/2-year high in January. The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations climbed to 31.5 from 6.9 in December.

A measure of euro-area services and manufacturing output contracted at a slower pace this month than economists had estimated. A composite index based on a survey of purchasing managers in both industries rose to 48.2 from 47.2 in December, Markit Economics said. A reading below 50 indicates that activity shrank.

The European Central Bank said financial firms will repay more of its emergency three-year loans than forecast in another sign the region’s debt crisis is abating. Some 278 financial institutions will return 137.2 billion euros ($185 billion) on Jan. 30, the first opportunity for early repayment of the initial three-year loan, compared with the median projection of 84 billion euros in a survey of economists.

National benchmark indexes rose in 16 of the 18 western European markets this week. France’s CAC 40 added 1 percent and Germany’s DAX Index gained 2 percent. The U.K.’s FTSE 100 Index advanced 2.1 percent even as Britain’s economy shrank a more- than-forecast 0.3 percent in the fourth quarter.

Unilever advanced 4.3 percent in London trading to the highest level since at least 1988. The consumer-goods company reported revenue growth that beat estimates for a third straight quarter, led by gains in North and South America and demand for personal-care products.

EasyJet surged 8.4 percent, its biggest increase in nine weeks. The discount airline rose to its highest price since its initial public offering in November 2000 after saying quarterly sales increased 9.2 percent.

Rightmove Plc rallied 7.2 percent, its biggest weekly advance in 17 months, as analysts at Barclays Plc and UBS AG recommended the shares. The owner of the U.K.’s largest residential property website said the number of sellers coming to market this month is 22 percent higher than a year ago.

Monte Paschi, the world’s oldest bank, sank 12 percent for the biggest drop since July. Italy’s central bank said Jan. 23 that the lender hid documents from regulators on deals that may prompt the bank to restate profit.

Nokia Oyj slid 7 percent after the phone maker reported a seventh straight drop in quarterly revenue and said it will omit a dividend for the first time in at least 143 years.

Oil headed for a seventh weekly gain in New York, the longest run of advances in almost four years, on speculation that stronger economic growth will boost demand.

Prices were little changed today as the euro strengthened against the dollar after the European Central Bank said banks will hand back a greater amount of loans than analysts estimated and German business confidence rose for a third month in January. U.S. oil demand increased last week by the most in a month, government data showed yesterday.

Some 278 financial institutions will return 137.2 billion euros ($184.4 billion) on Jan. 30, the first opportunity for early repayment of the initial three-year loan, the Frankfurt- based ECB said in a statement today. That compares with the median forecast of 84 billion euros in a Bloomberg News survey of economists.

The German Ifo institute’s business climate index, based on a survey of 7,000 executives, climbed to 104.2 from 102.4 in December. That’s the highest since June and the third straight gain. Economists predicted an increase to 103, according to a Bloomberg survey.

The euro gained as much as 0.8 percent to $1.3479, the highest level since February. A strengthening euro increases dollar-denominated oil’s appeal as an investment alternative.

Petroleum consumption in the U.S. climbed 3.9 percent in the week ended Jan. 18 to 18.6 million barrels a day, the Energy Information Administration, the Energy Department’s statistical arm, reported yesterday. Gasoline demand grew 1.3 percent to 8.43 million barrels a day.

West Texas Intermediate for March delivery slid to $95.43 a barrel on the New York Mercantile Exchange. Futures are up 0.3 percent this week, heading for the longest rising streak since April 2009.

Brent for March settlement fell 4 cents to $113.24 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract was at a premium of $17.36 after contracting to $15.16 on Jan. 17, the narrowest in almost six months.

The Brent-WTI spread widened by $1.83 on Jan. 23 after Enterprise Products Partners LP said capacity was limited at the Jones Creek terminal on the Seaway pipeline, cutting shipments from Cushing, Oklahoma, the delivery point for WTI futures, to the Gulf Coast. The delivery point in Katy, Texas, has allowed Seaway to “make up the difference” from the restrictions, the company said today.

After completion of a downward correction today with USD / JPY rose steadily, first returning to the area Y90.00, then breaking resistance at Y90.25 and even rose to the field Y91.00. Reaching Y91.20 before the opening of Wall Street, the couple suffered profit taking, which weakened it to support at Y90.80.

After the decision of the Bank of Japan, voiced earlier this week, the couple declined, noting week low at Y88.05, and then fully compensated for loss and strengthened.

At the moment the pair USD / JPY is consolidating in Y91.00.

Gold futures dropped to a two-week low as Germany’s business confidence rose more than forecast, bolstering the outlook for Europe’s largest economy and eroding the appeal of the precious metal as a haven.

The Ifo institute’s business climate index in January climbed to 104.2, the highest since June. In the U.S., claims for jobless benefits last week fell to a five-year low, the Labor Department said yesterday. Gold has declined this month, while the MSCI All-Country World Index of equities has climbed more than 4 percent.

Gold futures for February delivery declined to $1,655.00 an ounce, the lowest since Jan. 11, on the Comex in New York, heading for the third straight decline. 

The EUR / USD fell to an intraday high of $ 1.3474 after being released in the U.S. data showed that the number of newly acquired homes in the U.S. unexpectedly fell in December.

Currently the pair is trading at $ 1.3460, up 0.6% above its opening price.

U.S. equity futures rose as Starbucks Corp. and Procter & Gamble Co. reported increased profit and German business confidence topped forecasts.

EUR/USD $1.3250, $1.3300, $1.3350, $1.3385, $1.3400

USD/JPY Y88.50, Y89.00, Y90.00

GBP/USD $1.6025

USD/CHF Chf0.9225, Chf0.9340

Data

09:00 Germany IFO - Business Climate January 102.4 103.1 104.2

09:00 Germany IFO - Current Assessment January 107.1 107.3 108.0

09:00 Germany IFO - Expectations January 97.9 98.5 100.5

09:00 Switzerland World Economic Forum Annual Meetings -

09:30 United Kingdom GDP, q/q (preliminary) IV quarter +0.9% -0.1% -0.3%

09:30 United Kingdom GDP, y/y (preliminary) IV quarter 0.0% +0.2% 0.0%

09:30 United Kingdom Index of Services November +1.1% +0.5% 0.6%

The euro exchange rate rose sharply against the dollar while still achieving the highest level in the past 11 months. Note that this trend was caused by the publication of the data, which showed that the mood among German companies have improved in January, while still achieving the highest level since June last year, which was mainly due to signs of easing of the debt crisis in the eurozone. Research conducted by the Institute of Ifo, showed that the business climate index rose to a seven-month high in January

At this level, reaching 104.2, compared to 102.4 in December. Note that according to the average forecast of economists value of this indicator was increased to 103. The data also showed that this was the third consecutive monthly increase. At the same time, the report showed that the index of current conditions rose this month to the level of 108 to 107.1 in December, but was expected to grow only up to 107.3. Also on the rise in the cost of the single currency had a message the ECB, which said that 278 banks paid 137.16 billion euros in the first three-year LTRO program is January 30. The ECB also said that banks will continue to return the funds received under the first LTRO, every week. However, the ECB did not provide data on the repayment of funds received by banks under LTRO, for selected countries

Yen continued its decline against the dollar and the euro after the published statistics show that in December 2012 the country was in deflation, which increases the probability of making the country's central bank further stimulus measures. It is learned that basic consumer prices in Japan, a calculation which does not include the cost of fresh food, fell last month by 0.2% year on year. Note also that prices in Japan declined for seven of the last eight months. Thus, by the end 2012, the overall consumer prices fell a fourth straight year - by 0.1%.

Pound weakened for a second day against the euro, falling to 13-month low after a report showed the UK economy shrunk in the fourth quarter than analysts had forecast. Sterling fell to the lowest level in five months against the dollar, as the reduction in the UK has put on the brink of an unprecedented triple recession. According to the report, the gross domestic product declined in the fourth quarter by 0.3%, changing the increase of 0.9% in the third quarter, which was mainly due to increased activity during the Olympics. Note that the projected decline economists should have been 0.1%. Compared with the fourth quarter of 2011, GDP was unchanged, as it was in the third quarter, although the experts forecast an increase of 0.2%.

EUR / USD: during the European session, the pair rose to $ 1.3465

GBP / USD: during the European session shows mixed results, and is now trading at $ 1.5806

USD / JPY: during the European session, the pair rose to Y91.19

At 13:30 GMT, Canada will provide the consumer price index and the core consumer price index from the Bank of Canada in December. At 14:55 GMT the U.S. will indicator of consumer confidence from the University of Michigan in January. At 15:00 GMT the U.S. will know about the volume of sales in the primary market in December.

EUR/USD

Offers $1.3485/500, $1.3460, $1.3450

Bids $1.3410/00, $1.3360/50, $1.3325/20, $1.3285/80, $1.3265/60, $1.3250

GBP/USD

Offers $1.5900/10, $1.5870/80, $1.5850/55

Bids $1.5725/20, $1.5705/695, $1.5680/70

AUD/USD

Offers $1.0540, $1.0525, $1.0500, $1.0480, $1.0465/70

Bids $1.0430/00, $1.0350, $1.0300

EUR/JPY

Offers Y123.50, Y123.00, Y122.50

Bids Y121.00, Y120.75/65, Y120.50, Y120.00, Y119.50

USD/JPY

Offers Y92.00, Y91.50, Y91.00

Bids Y90.30/20, Y90.00, Y89.80, Y89.50

EUR/GBP

Offers stg0.8600, stg0.8580, stg0.8550

Bids stg0.8480, stg0.8450, stg0.8415/00, stg0.8385/75

European stocks rose, reaching at the same 23-month high as a report showed that German business confidence rose more than expected. Also today, the European Central Bank reported loan repayment program for long-term refinancing. Research conducted by the Institute of Ifo, showed that the business climate index rose to a seven-month high in January, while still achieving the level of 104.2, compared to 102.4 in December. Note that according to the average forecast of economists value of this indicator was increased to 103. The data also showed that this was the third consecutive monthly increase.

Cost STMicroelectronics (STM) NV rose 4.4 percent after Exane BNP Paribas raised its rating on the stock of the company to 'buy'. Shares of SolarWorld AG (SWV) fell from a peak in July 2002, after the company reported that it is necessary to make a "significant" change in the structure of the debt.

Stoxx Europe 600 Index rose 0.3 percent to 289.60, heading for a weekly increase of 0.9%.

Shares of Boiron SA (BOI) increased by 5.5% to 30.31 euros after the French manufacturer of homeopathic remedies said projected operating income in 2012 will be "significantly" higher than in 2011. Full year revenue rose by 7.5 percent to 566.3 million euros.

The cost of Salzgitter AG fell 2.4% to 35.94 euros after analysts at Commerzbank AG and UBS AG downgraded the stock to 'sell'.

FTSE 100 6,271.69 +6.78 +0.11%

CAC 40 3,776.9 +24.73 +0.66%

DAX 7,837.6 +89.47 +1.15%

EUR/USD $1.3200, $1.3250, $1.3300, $1.3340, $1.3350, $1.3375, $1.3400

USD/JPY Y89.00, Y89.25, Y89.50, Y89.00, Y90.00

GBP/USD Y140.50

AUD/USD $1.0550

Asian stocks rose as declines in Japanese consumer prices added to the case for more monetary stimulus, boosting the Topix Index to cap its longest weekly winning streak in 40 years. Shares also gained after U.S. jobless claims fell to a five-year low.

Nikkei 225 10,926.65 +305.78 +2.88%

Hang Seng 23,580.43 -18.47 -0.08%

S&P/ASX 200 4,835.17 +24.95 +0.52%

Shanghai Composite 2,291.3 -11.29 -0.49%

Sony Corp. rose 8.5 percent in Tokyo on a report it may sell its lithium battery business.

Karoon Gas Australia Ltd. (KAR) gained 14 percent after the explorer said it discovered oil in Brazil.

Great Eagle Holdings Ltd. added 14 percent after the real estate company proposed a spin-off of its Hong Kong hotels.

The yen fell for the first time in four days versus the dollar after Deputy Economy Minister Yasutoshi Nishimura said its decline isn’t over and a level of 100 versus the U.S. currency wouldn’t be a concern.

The Japanese currency dropped against all of its 16 most- traded peers after a Chinese report showed manufacturing expanded at the fastest in two years, reducing demand for the yen as a refuge. Japan’s currency fell in early Asian trading after HSBC Holdings Plc and Markit Economics said their preliminary reading of China’s Purchasing Managers’ Index increased to 51.9 in January from 51.5 the previous month. The data suggest China’s expansion at the start of 2013 will equal or exceed its 7.9 percent pace in the fourth quarter.

The euro strengthened against most of its major counterparts after Markit Economics released its survey of purchasing managers in manufacturing and services.

A composite index based on the survey climbed to 48.2 this month from 47.2 in December, the data showed. A reading below 50 indicates contraction.

Asian currencies also fell against the dollar after it was reported that North Korea may begin testing nuclear weapons.

Exchange rate euro strengthened against the dollar after the regional report showed that activity in the private sector continued to decline in January, but at a slower pace than many economists had forecast. According to the data, the composite index of production, which measures activity in the manufacturing sector and the services sector rose this month to 10-month high, reaching 48.2, compared to 47.2 in December, as well as the expectations of experts at around 47, 5. Meanwhile, the index of business activity in the services sector rose to a level of 48.3, up from 47.8 in December, while the index of business activity in the manufacturing sector rose to 47.5 from 46.1 mark.

The pound fell after the published data on the UK showed that the number of approved applications for mortgage loans remained almost unchanged in December, reaching with 33.6 thousand units, while analysts had expected growth to 34.1. Not helped the pound and retail sales data, which growth slowed slightly in January, but was still higher than expected. According to studies, which cover the first two weeks of January 2013, 41% of retailers reported an increase in sales compared to last year, while 24% reported a fall, resulting in retail sales was 17. Note that the average predicted value of this index was to drop to 10, compared to 19 in December.

Asian stocks swung between gains and losses as Japanese shares rallied on a weaker yen, China’s manufacturing beat estimates and North Korea threatened a nuclear test. Apple Inc.  suppliers fell after the company reported its weakest sales since 2009.

Nikkei 225 10,620.87 +133.88 +1.28%

Hang Seng 23,598.9 -36.20 -0.15%

S&P/ASX 200 4,810.22 +22.40 +0.47%

Shanghai Composite 2,302.6 -18.31 -0.79%

Toyota Motor Corp., the world’s biggest automaker, rose 2.2 percent in Tokyo.

AAC Technologies Holdings Inc., which makes speakers for Apple, dropped 6 percent in Hong Kong.

Tata Motors Ltd. retreated 7.8 percent in Mumbai after the Indian automaker’s Jaguar Land Rover Plc unit said profit growth probably stalled in the fiscal third quarter.

European stocks climbed to their highest level since February 2011 as jobless claims in the U.S. fell to a five-year low and the House of Representatives voted to temporarily suspend the federal government’s borrowing limit.

A Labor Department report today showed claims for jobless benefits in the U.S. unexpectedly dropped last week. Applications for unemployment insurance payments decreased by 5,000 to 330,000 in the week ended Jan. 19, the fewest since the same week in 2008. Economists had forecast 355,000 claims, according to the median estimate in a survey.

The U.S. House of Representatives approved legislation to suspend the borrowing limit late yesterday. The measure, which passed 285-144, lifts the government’s $16.4 trillion borrowing limit until May 19.

In China, manufacturing expanded at the fastest rate in two years, according to a survey of companies by Markit and HSBC Holdings Plc. The preliminary reading of their purchasing managers’ index rose to 51.9 in January, from 51.5 in December. That compares with the median estimate of 51.7 in a survey. HSBC and Markit will report their final reading for January on Feb. 1.

National benchmark indexes advanced in 14 of the 18 western-European markets. The U.K.’s FTSE 100 gained 1.1 percent, while France’s CAC 40 added 0.7 percent. Germany’s DAX rose 0.5 percent.

EasyJet rallied 5.1 percent to 898.5 pence, the highest price since its initial public offering in November 2000. Revenue jumped 9.2 percent to 833 million pounds ($1.3 billion) in the three months ended Dec. 31, compared with 763 million pounds a year earlier, the Luton, England-based company said. The airline forecast that it will post a pretax loss of 50 million pounds to 75 million pounds in the first half of 2013.

Ryanair Holdings Plc, Europe’s biggest discount airline, rose 2.7 percent to 5.40 euros in Dublin, its highest price in more than five years.

Vodafone jumped 3.2 percent to 168.7 pence, its biggest gain in five months. Greenlight Capital Re Ltd. wrote in a note that the mobile-phone operator’s valuation implies that its 45 percent stake in Verizon Wireless has no value. The note described the holding as “clearly quite valuable.” Verizon’s market value climbed above Vodafone’s in December for the first time in a decade.

Logitech International SA plunged 9.6 percent to 6.51 Swiss francs. The world’s biggest maker of computer mice put its remote-control and video-security businesses up for sale after posting the loss. The average estimate of seven analysts had called for net income of $50.3 million, according to a survey. Logitech reported third-quarter profit of $55 million in its previous fiscal year.

U.S. stocks showed mixed trend amid macroeconomic statistics and published reports of major corporations.

The number of initial claims for unemployment benefits in the U.S. fell to 330,000 last week, the lowest level since January 2008. In January, a preliminary manufacturing PMI rose to 56.1 vs. 53.0 and 54.0 in December.

According to trade in high-tech NASDAQ index fell by 23.29 points (-0.74%) to 3130.38 points due to collapse of the shares of iPhone smartphone maker Apple (AAPL, -12,4%) after failed statements. Apple profits up to the third quarter of fiscal year showed the first decline for many years, but has been better than expected ($ 13.81 per share, versus the average forecast of $ 13.55). Worse than expected data released by revenue ($ 54.51 billion (+18% y / y), the forecast $ 54.86 billion). Poor results are due to the increasing competition in the segment of smartphones and tablets. In this regard, the company also lowered its forecast for revenue in the current quarter.

Broad market index S & P 500 showed growth seventh straight session, the longest series of increases since 26 October 2006. S & P 500 rose 0.01 points to 1,494.82 points, its highest close since December 26, 2007.

The index of "blue chips» DJIA showed growth the fifth day in a row, for the tenth time in 11 sessions, and at the end of trading rose to the highest level since Oct. 31, 2007. DJIA trading results rose 46.00 points (0.33%) to 13,825.33 points.

Most of the components of the index rose DOW (21 of 30). Leader shares were Cisco Systems (CSCO, +1.94%). In the longest minus trading results were shares of Alcoa (AA, -1.20%).

All sectors of the index S & P, except for technological equipment (-1.0%) are in the black. Looks better than the other service sector (+0.7%).

Online video rental operator Netflix soared 42.2%, reported for the last quarter of better than expected - net income was $ 7.9 million, while Wall Street expected losses in the amount of 13 cents per share.

At the close:

S & P 500 1,494.82 +0.01 0.00%

NASDAQ 3,130.38 -23.29 -0.74%

23:30 Japan National Consumer Price Index, y/y December -0.2% -0.2% -0.1%

23:30 Japan National CPI Ex-Fresh Food, y/y December -0.1% -0.2% -0.2%

23:30 Japan Tokyo Consumer Price Index, y/y January -0.6% -0.6% -0.6%

23:30 Japan Tokyo CPI ex Fresh Food, y/y January -0.6% -0.5% -0.5%

23:50 Japan Monetary Policy Meeting Minutes January

The yen headed for a record stretch of weekly losses against the dollar as data showing a decline in Japanese consumer prices added to the case for further monetary stimulus from the central bank. Japanese consumer prices excluding fresh food fell 0.2 percent in December from a year earlier, the statistics bureau reported in Tokyo today, the seventh decline in eight months.

The Bank of Japan announced open-ended easing and a 2 percent inflation target this week. The Japanese currency remained weaker after touching a 2 1/2-year low as Governor Masaaki Shirakawa said he will make “considerable efforts” to reach the price target.

The Dollar Index rose before U.S. data forecast to show home sales increased. The dollar was supported before a report which may show home sales in the U.S. increased. Purchases of new houses probably climbed to a 385,000 annual rate in December, according to the median estimate of economists in a Bloomberg News survey, which would be the best showing since April 2010. The National Association of Realtors releases the data today.

Losses in the euro were limited before data forecast to show a rise in business confidence in Germany, Europe’s largest economy. Economists polled by Bloomberg expect the Ifo institute’s business climate index, based on a survey of 7,000 executives, climbed to 103 this month from 102.4 last month. That would be the highest since July.

EUR/USD: during the Asian session the pair fell to $1.3350.

GBP/USD: during the Asian session the pair fell to the previous day's low.

USD/JPY: during the Asian session, the pair rose to Y90.70, updating monthly high.

Germany Ifo due at 0900GMT to provide early interest but this will be overshadowed by the LTRO repayment announcement around 1100GMT. The World Economic Forum continues in Davos Friday and along with the scheduled appearances on the main conference stage, the day is likely to be dotted with ad hoc comment from policy makers. There is also a full ata calendar, starting at 0700GMT with the release of the German November construction numbers. At 0930GMT, the latest UK GDP data is released, giving an early glimpse at the fourth quarter growth numbers.

Change % Change Last

Oil 95.98 +0.03 +0.03%

Gold $1,667.30 -2.60 -0.16%

Change % Change Last

Nikkei 225 10,620.87 +133.88 +1.28%

Hang Seng 23,598.9 -36.20 -0.15%

S&P/ASX 200 4,810.22 +22.40 +0.47%

Shanghai Composite 2,302.6 -18.31 -0.79%

FTSE 100 6,264.91 +67.27 +1.09%

CAC 40 3,752.17 +26.00 +0.70%

DAX 7,748.13 +40.59 +0.53%

S&P 500 1,494.82 +0.01 0.00%

NASDAQ 3,130.38 -23.29 -0.74%

Dow 13,825.33 +46.00 +0.33%

(pare/closed(00:00 GMT +02:00)/change, %)

EUR/USD $1,3376 +0,44%

GBP/USD $1,5789 -0,34%

USD/CHF Chf0,9286 -0,06%

USD/JPY Y90,33 +1,93%

EUR/JPY Y120,81 +2,33%

GBP/JPY Y142,60 +1,56%

AUD/USD $1,0450 -1,00%

NZD/USD $0,8378 -0,29%

USD/CAD C$1,0024 +0,34%

09:00 Germany IFO - Business Climate January 102.4 103.1

09:00 Germany IFO - Current Assessment January 107.1 107.3

09:00 Germany IFO - Expectations January 97.9 98.5

09:00 Switzerland World Economic Forum Annual Meetings -

09:30 United Kingdom GDP, q/q (preliminary) IV quarter +0.9% -0.1%

09:30 United Kingdom GDP, y/y (preliminary) IV quarter 0.0% +0.2%

09:30 United Kingdom Index of Services November +1.1% +0.5%

13:30 Canada Consumer Price Index m / m December -0.2% -0.2%

13:30 Canada Consumer price index, y/y December +0.8% +1.2%

13:30 Canada Bank of Canada Consumer Price Index Core, m/m December 0.0% -0.2%

13:30 Canada Bank of Canada Consumer Price Index Core, y/y December +1.2% +1.5%