IFO business climate index. Germany, 11:00 (GMT+2) 25 Jan

25Jan.202310:00

IFO business climate index. Germany, 11:00 (GMT+2)

At 11:00 (GMT+2), the January business climate index in Germany from the Institute for Economic Research (IFO) will be published. It is based on a survey of the heads of 7.0K enterprises in the manufacturing industry, the construction sector, and wholesale and retail trade. The index is expected to correct from 88.6 points to 90.2 points.

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25 Jan. 2023 10:00

Business expectations. Germany, 11:00 (GMT+2)

At 11:00 (GMT+2), the German January Business Expectations Index will be published, which measures business sentiment and business conditions in the country through a survey of representatives of 7K companies. It is expected that the January value will grow from 83.2 points to 85.0 points, which may support the quotes of the European currency.

25 Jan. 2023 16:00

Interest rate decision. Canada, 17:00 (GMT+2)

At 17:00 (GMT+2), the Bank of Canada will announce its interest rate decision. It is expected that the regulator will raise it from 4.25% to 4.50% to curb inflationary pressure. The accompanying statement may contain an assessment of the current situation and immediate prospects for the Canadian economy, as well as hints at further actions by the financial authorities.

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