Interest rate decision. Australia, 05:30 (GMT+2) 02 Jan

02Jan.202404:30

Interest rate decision. Australia, 05:30 (GMT+2)

At 05:30 (GMT+2), the Reserve Bank of Australia (RBA) will announce its interest rate decision. The officials are likely to keep the value at the current level of 4.35%. The accompanying statement may contain an assessment of the country’s financial authorities regarding the current state of the economy against global geopolitical tensions.

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02 Jan. 2024 02:45

Caixin manufacturing PMI. China, 03:45 (GMT+2)

At 03:45 (GMT+2), December data on the manufacturing business activity index from Caixin will be published in China. The indicator reflects the state of business activity in the national manufacturing industry based on a survey of purchasing and supply managers of leading national enterprises in all industries. At the same time, their attitude to the current economic situation and prospects for further development is assessed. The indicator is expected to correct from the current 50.7 points to 49.3 points, putting pressure on the yuan.

02 Jan. 2024 10:00

Monetary supply M3. EU, 11:00 (GMT+2)

At 11:00 (GMT+2), November data on the M3 money supply aggregate in the EU will be published. The indicator measures the value of all foreign currency and liquid monetary assets in the hands of the population and is an important indicator of inflation in the country, the growth of which may lead to higher interest rates by financial regulators. The negative dynamics are expected to slow from −1.0% to −0.9% YoY.

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