Trade Balance. China, 05:00 (GMT+2) 12 Jan

12Jan.202404:00

Trade Balance. China, 05:00 (GMT+2)

At 05:00 (GMT+2), December data on the Trade Balance will be published in China. This indicator captures the difference between the amount of payments for exported and imported goods. The indicator is projected to grow from 68.39 billion US dollars to 76.20 billion US dollars, which may put pressure on the yuan quotes.

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12 Jan. 2024 02:30

Producer Price Index. China, 03:30 (GMT+2)

At 03:30 (GMT+2) in China, December data on Producer Price Index will be published. It is one of the main indicators of inflation in the country and fixes the change in prices for goods and services sold by manufacturers. It also shows the change in the cost of their production. YoY, the indicator is likely to slow down the negative dynamics from the current -3.0% to -2.6%, still putting pressure on the position of the national currency.

12 Jan. 2024 08:00

Gross Domestic Product. UK, 09:00 (GMT+2)

At 09:00 (GMT+2), November data on the gross domestic product (GDP) of the United Kingdom will be published. This is the main indicator reflecting the state of the national economy, taking into account domestic consumption, investment, government spending, and exports. The indicator is expected to adjust from 0.3% to 0.1% YoY and from -0.3% to 0.2% MoM.

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