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Gross domestic product. Canada, 15:30 (GMT+2) 31 Jan

31Jan.202514:30

Gross domestic product. Canada, 15:30 (GMT+2)

At 15:30 (GMT+2), Canada’s November gross domestic product (GDP) data will be released. It is the main indicator reflecting the state of the national economy and considering domestic consumption, investment, government spending, and exports. It may rise from 0.3% to –0.1% MoM.

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Personal consumption expenditure price index. USA, 15:30 (GMT+2)
31 Jan. 2025 14:30
Personal consumption expenditure price index. USA, 15:30 (GMT+2)

At 15:30 (GMT+2), December data on the personal consumption expenditure price index is due in the USA. The indicator reflects changes in prices of goods and services purchased for personal consumption, excluding food and energy. It may grow from 0.1% MoM and from 2.4% YoY, and the core figure from 0.1% MoM and from 2.8% YoY, affecting the monetary authorities’ decision.

Baker Hughes oil rig count. USA, 20:00 (GMT+2)
31 Jan. 2025 19:00
Baker Hughes oil rig count. USA, 20:00 (GMT+2)

At 20:00 (GMT+2), weekly data on the number of active oil rigs from Baker Hughes will be released. If the growth continues from the current 472 units, this will put pressure on oil prices.

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