(All times GMT):
Wednesday 11th January
15:30 – EIA Crude Oil Market Report: the EIA (Energy Information Administration) will publish its weekly report on the U.S oil and petroleum market for the week ending on January 6th. The Latest report will be available here.
Thursday 12th January
TBC – Chinese CPI y-o-y: Inflation declined from 6.5% in August to 4.2% in December, 0.9% lower than December 2010. Further declines may be supportive of commodity prices should the Chinese government be able to relax monetary policy. CPI is forecast at 4%.
12:00 – UK base rate decision: Bank of England unlikely to change either the base rate from 0.5% or asset purchases from £275bn. Base rate forecast to stay unchanged at 0.5%.
12:45 – EURO interest rate decision: Interest rates were cut by 0.25% in November and then again in December leaving them at 1%. No further cut is expected at this meeting.
13:30 – US retail sales: Total sales value fell from 0.6% to 0.2% in the December report. January’s report will give an indication of sales over the Christmas period. Sales values rose by 0.5% in January 2011. This weeks report is forecast to show a 0.3% rise.
13:30 – US initial jobless claims: 372k people filed for unemployment insurance in the previous weeks report. This weeks report is expected to show a 375k increase. Six of the past nine reports have been showed jobless claims lower than forecast. See report here
13:30 – ECB press conference: Report can be found here
Friday 13th January
13:30 – US trade balance: The deficit increased last month to $43.5bn, up from $43.1bn the month before. The trade deficit is forecast to increase further to $44.6bn this month.
20:30 Commitment of Traders report: provides a breakdown of the previous Tuesday’s open interest. Report will be available here.
For more detailed information please see the Live Economic Calendar