Trade balance. Germany, 09:00 (GMT+2) 05 Feb

05Feb.202408:00

Trade balance. Germany, 09:00 (GMT+2)

At 09:00 (GMT+2), December trade balance data will be published in Germany. This indicator records the difference between the payments for exported and imported goods. In December, the figure is likely to adjust from 20.4B euros to 17.9B euros, putting pressure on the euro.

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05 Feb. 2024 01:30

Service PMI. Japan, 02:30 (GMT+2)

At 02:30 (GMT+2) in Japan, the January index of business activity in the service sector from the national Ministry of Economy, Trade and Industry will be published. The indicator reflects the total cost of services purchased by companies in key service industries (excluding manufacturing), and is a leading indicator of the Tankan Business Activity Index. The value is likely to rise from 51.5 points to 52.7 points, supporting the yen.

05 Feb. 2024 10:00

Service PMI. EU, 11:00 (GMT+2)

At 11:00 (GMT+2), the January index of business activity in the EU services sector will be published, based on a survey of purchasing managers of non-manufacturing enterprises. At the same time, their attitude to the current economic situation and prospects for further development is assessed. It is likely that in January the index will drop from 48.8 points to 48.4 points, and the composite value will be adjusted from 47.6 points to 47.9 points.

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