Next week's movers include US jobs, RBA rate decision, State of the Union

Friday, 31/01/2020 | 20:26 GMT

Iowa caucus, manufacturing PMI

Next week is the 1st week of the calendar month, and with it will come the US and Canada jobs reports both schedule for Friday at 8:30 AM ET/1330 GMT.

A look at the major events and releases include:

Monday, February 3

The Iowa caucus gets the election season underway in the US
US ISM manufacturing PMI. Estimate 48.5 versus 47.8. New orders 47.7 versus 47.6 last month. Employment last month came in at 45.2

Tuesday, February 4

The Reserve Bank of Australia it is expected to keep rates unchanged at 0.75% when they announce at 10:30 PM ET/0330 GMT. There is a 17.4% chance of a cut with chances of the cut rising to 45.7% in March. Keep rates unchanged will have traders focused on the comments and statement of
US factory orders for December. 10 AM ET/1500 GMT. Estimate 1.1% versus -01% last month. Ex transportation +0.1% versus +0.3%. Durable goods orders expected to rise by 2.4% which is unchanged from the preliminary report from January 28
New Zealand employment change will be released at 4:45 PM ET/945 GMT. The estimate for the 4th quarter is 0.3% increase versus 0.3% increase in the 3rd quarter. The unemployment rate is expected to stay steady at 4.2%

Wednesday, February 5

US ADP employment change for January. 8:30 AM ET/1330 GMT. Estimate 160 K versus 202K last month
US trade balance for December. 8:30 AM ET/1330 GMT. Estimate $-47.8 billion versus $-43.1 billion in November
Canada trade balance for December. 8:30 AM ET/1330 GMT. Estimate $-0.68 billion versus $-1.09 billion last month
ISM nonmanufacturing index for January. 10 AM ET/1500 GMT. Estimate 55.1 versus 54.9 last month

Thursday, February 6

Australia retail sales for December. 7:30 PM ET/0030 GMT. Estimate -0.2% versus +0.9%. Retail sales X inflation quarter on quarter 0.3% estimate versus -0.1%.
RBA Gov. low speaks/RBA monetary policy statement. Gov. Lowe speaks at 5:30 PM ET/2230 GMT. Monitor policy statement released at 7:30 PM ET/0030 GMT

Friday, February 7

US jobs report. 8:30 AM ET/1330 GMT. Nonfarm payroll expected to rise by 160K versus 145K last month. Unemployment rate 3.5% versus 3.5% last month. Average hourly earnings 0.3% versus 0.1% last month. Hourly earnings year on year 3.0% versus 2.9% last month
Canada employment report. 8:30 AM ET/1330 GMT. The change in employment 17.5 K estimate versus 27.3 K last month. Unemployment rate 5.7% versus 5.6% last month. Full-time employment 33.9K last month. Part-time employment -6.5K

The earnings calendar has some key earnings that could affect equity prices:

Monday, February 3