Weekly Analysis (5-9 February)

Next week promises a busy schedule for investors, with a series of earnings reports from major US companies set to capture the spotlight. Attention will be directed towards comments from various policymakers, eagerly awaited for insights into the Federal Reserve's monetary policy direction. The economic agenda is packed, featuring the ISM Services PMI survey in the US, which is expected to show a rebound in service sector growth in January following a significant dip in December. Additionally, market participants will keep an eye on the US foreign trade data, the RCM/TIPP Economic Optimism Index, and the final version of the S&P Global Services PMI.
Key indicators from other parts of America include Canada's employment statistics, the Ivey PMI survey, and its foreign trade figures.
In Europe, retail sales within the Eurozone are anticipated to fall for a second straight month in December. Germany is set to release plenty of data including foreign trade, factory orders, industrial activity, and final inflation figures, with expectations of a modest improvement in factory orders contrasting with continued stagnation in industrial production. Italy will report on retail sales, industrial output, and the sentiment in consumer and business sectors, while France will focus on trade balances and Switzerland on unemployment rates.
The UK is expected to highlight S&P Global PMIs for construction and services, the Halifax House Price Index, and the BRC Retail Sales Monitor.
The Asia-Pacific region has its share of economic revelations, with China due to announce inflation rates, Services PMI, and Q4 current account data amid concerns of ongoing deflation. Australia's central bank is expected to keep interest rates steady, with foreign trade data also in the spotlight. New Zealand and the Philippines will update on unemployment figures, and Indonesia's Q4 GDP growth is projected to hover around 5%.