{"id":41527,"date":"2023-02-06T04:51:00","date_gmt":"2023-02-06T04:51:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=41527"},"modified":"2023-02-06T10:51:44","modified_gmt":"2023-02-06T10:51:44","slug":"the-week-ahead-13","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/the-week-ahead-13\/","title":{"rendered":"The Week Ahead"},"content":{"rendered":"\t\t
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During the week ahead the market is likely to look towards a number of key market themes and events which have the potential to indicate financial market moves.<\/p>

The economic calendar is jammed packed with important data releases this week, including eurozone CPI and Retail Sales, and Chinese CPI, Canadian CPI, and US sentiment survey data.<\/p>

Aside from economic data, we see the Reserve Bank of Australia Central Bank meeting to decide on interest rates, and Q4 GDP figures from the United States.<\/p>

Reserve Bank of Australia interest rate decision<\/strong><\/p>

Economists expect the RBA to raise its official cash rate by 25 basis points to 3.35% on Tuesday. Last time out, in December, Australia\u2019s central bank raised interest rates by 25 basis points to a 10-year high of 3.1%. It was the bank\u2019s eighth rate hike in as many months, and Governor Philip Lowe warned that further rate increases were likely in the months ahead.<\/p>

While the RBA\u2019s caution is understandable given the country\u2019s fragile housing market, small rate rises run the risk of allowing inflation to become stickier. Indeed, the latest data show that consumer prices jumped 8.4% in the year to December, up from November\u2019s 7.3% increase. The RBA might have to adopt a boulder and more hawkish tightening policy in order to tame rising price.<\/p>

The Reserve Bank Board is responsible for formulating monetary policy. The Reserve Bank sets the target \u2018cash rate\u2019, which is the market interest rate on overnight funds. Since March 2020, the Reserve Bank has also set a target for the yield on 3-year Australian Government bonds. Decisions regarding monetary policy are made by the Reserve Bank Board and explained in a media release announcing the decision at 2.30 pm after each Board meet.<\/p>

BP Results<\/strong><\/p>

This week we see BP<\/a> release Q4 results hot on the back of Shell<\/a>\u2019s release last week. With oil prices riding high alongside the FTSE100<\/a> it could be a good week for BP.<\/p>

In the first nine months of 2022, capex spending on low-carbon energy came in at $447m, which represents just 17% of BP\u2019s total capex spend of $2.64bn over that period.<\/p>

In November, BP reported that underlying replacement cost profits – a measure BP uses as a proxy for net profit – surged to $8.2bn in the quarter to September, up from $3.3bn a year earlier.<\/p>

The London-listed company pledged to return a further $2.5bn to shareholders through a share buyback scheme – a controversial move in the eyes of environmental campaigners as the sum dwarfs investment in renewables.<\/p>

UK Q4 GDP<\/strong><\/p>

The UK economy was expected to have flatlined during the fourth quarter of 2022, which is no doubt better than 0.3% contraction seen during the previous month.<\/p>

Recent retail sales figures suggest that consumer spending has held up reasonably well, and any wage data is also on the rise.<\/p>

In 2023 it is still likely to be very challenging time for the UK economy. The IMF said this week that it expects UK GDP to contract by 0.6% this year, making Britain the only G7 economy forecast to shrink in 2023.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

During the week ahead the market is likely to look towards a number of key market themes and events which have the potential to indicate financial market moves. The economic calendar is jammed packed with important data releases this week, including eurozone CPI and Retail Sales, and Chinese CPI, Canadian CPI, and US sentiment survey […]<\/p>\n","protected":false},"author":4,"featured_media":41530,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[179,421,57,318,173],"yoast_head":"\nThe Week Ahead - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/the-week-ahead-13\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Week Ahead The Week Ahead\" \/>\n<meta property=\"og:description\" content=\"During the week ahead the market is likely to look towards a number of key market themes and events which have the potential to indicate financial market moves.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/the-week-ahead-13\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-06T04:51:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-06T10:51:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2023\/02\/GettyImages-1421785556.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"656\" \/>\n\t<meta property=\"og:image:height\" content=\"424\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"The Week Ahead The Week Ahead\" \/>\n<meta name=\"twitter:description\" content=\"During the week ahead the market is likely to look towards a number of key market themes and events which have the potential to indicate financial market moves.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/the-week-ahead-13\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/the-week-ahead-13\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"The Week Ahead\",\"datePublished\":\"2023-02-06T04:51:00+00:00\",\"dateModified\":\"2023-02-06T10:51:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/the-week-ahead-13\/\"},\"wordCount\":513,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"BP\",\"CPI\",\"FTSE100\",\"RBA\",\"UK GDP\"],\"articleSection\":[\"Opening of the Week\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/the-week-ahead-13\/\",\"url\":\"https:\/\/youtrading.com\/en\/the-week-ahead-13\/\",\"name\":\"The Week Ahead - 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