Settimana Mercati: fari puntati su inflazione e Fed – Economia

The trend in inflation and related moves by central banks, especially the Federal Reserve, are the main topics that markets will focus on next week. Attention also remains high towards the infection of the Omicron variant of coronavirus and the implications for economic recovery. Meanwhile, the quarterly season begins in the US with results from BlackRock, Citigroup, JP Morgan and Wells Fargo.
Next week will be full of macroeconomic events. Monday January 10th begins with investor confidence and the unemployment rate in Europe. On the same day, industrial sales and the monthly unemployment rate are also expected to come from Italy. In Japan, markets will be closed for holidays. The following day (Tuesday 11th Jan) focus will shift to Spanish Industrial Production and Italian Retail Sales.
Big expectations for the inflation trend in various countries including the US (Wednesday, January 12th), with analysts expecting an acceleration in both the general and core components. In the first case, the CPI is expected to exceed 7% for the first time in forty years. Also on the agenda is Chinese inflation (again on Wednesday) which, on the contrary, should show a slowdown. On the same day, industrial production data for Europe will be released. France and Spain consumer price data on the way (Friday, Jan. 14) US industrial production (Fri. Jan. 14).
On the central bank side, there will be the Fed’s Economic Beige Book (January 12) and Senate Banking Committee hearings on Jerome Powell (Tuesday) and Vice President Lyle Brainard (Thursday).
In Italy, the debate revolves around the consolidation of the banking sector. A meeting of the Interbank Deposit Protection Fund is scheduled for Monday, which will analyze proposals to sell Carige’s stake.

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