The inflation rate in Germany as measured by the consumer price index is expected to be 1.6% in January 2018. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that consumer prices are expected to decline by 0.7% compared with December 2017. In January 2018, the harmonised index of consumer prices for Germany, which is calculated for European purposes, is expected to increase by 1.4% year on year and to decrease by 1.0% on December 2017.
In the US session CB Consumer Confidence figures were released. The Conference Board Consumer Confidence Index increased in January, following a decline in December. The Index now stands at 125.4 (1985=100), up from 123.1 in December. The Present Situation Index decreased slightly, from 156.5 to 155.3, while the Expectations Index increased from 100.8 last month to 105.5 this month.
From Eurozone, tomorrow, CPI data will be published. Decrease to 1.3% is forecasted. In the US session ADP Non-Farm Employment Change figures will be released. Analysts predict incline by 186,000. However, the focus of the session will be on Fed's interest rate decision and the following statement though no changes are anticipated.
Figures to watch:
CPI Flash Estimate (Wednesday 11:00)
ADP Non-Farm Employment Change (Wednesday 14:15)
Federal Funds Rate/FOMC Statement (Wednesday 20:00)
