Market Analysis

Economic Diary:
Week Commencing 05/01/26


Monday 05 January

Indicator Previous Expected Actual
PMI Manufacturing   49.7 50.0
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 0.6%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart -0.4%
Trade Balance Trade Balance Chart -1.310Bln EU
Money Supply M4   -0.2% 0.8%
ISM Manufacturing PMI ISM Manufacturing PMI Chart 48.2 48.4 47.9
Business Inventories Month on Month Business Inventories Month on Month Chart 0.2%

Tuesday 06 January

Indicator Previous Expected Actual
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart -0.4%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 0.6%
PMI Services   55.0 54.0 51.5
PMI Services   50.2 50.2 50.1
PMI Services   52.6 52.6 52.7
PMI Composite   51.9 51.9 51.5
PMI Services   52.6 52.6 52.4
Trade Balance Trade Balance Chart -1.310Bln EU
PMI Services   52.1 52.1 51.4
CPI Final Month on Month   -0.2% 0.3% 0.0%
Business Inventories Month on Month Business Inventories Month on Month Chart 0.2%
Dallas Fed PCE Dallas Fed PCE Chart 1.9%

Wednesday 07 January

Indicator Previous Expected Actual
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart -0.4%
Retail Sales Month on Month Retail Sales Month on Month Chart -0.3% 0.2% -0.6%
Retail Sales Year on Year Retail Sales Year on Year Chart 0.9% 0.9% +1.1%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 0.6%
Consumer Confidence Consumer Confidence Chart 89 90 90
Unemployment Change (sa) Unemployment Change (sa) Chart 1k 5k 3k
Unemployment Rate (sa) Unemployment Rate (sa) Chart 6.3% 6.3% 6.3%
Trade Balance Trade Balance Chart -1.310Bln EU
ADP employment report ADP employment report Chart -32k 47k 41k
ISM Non Manufacturing Business Activity ISM Non Manufacturing Business Activity Chart 54.5 56.0
ISM Non Manufacturing Prices Paid ISM Non Manufacturing Prices Paid Chart 65.4 64.3
ISM Non-Manufacturing PMI ISM Non-Manufacturing PMI Chart 52.6 52.3 54.4
Factory Orders Factory Orders Chart 0.2% -1.2% -1.3%
ISM Non Manufacturing New Orders ISM Non Manufacturing New Orders Chart 52.9 57.9
ISM Non Manufacturing Employment ISM Non Manufacturing Employment Chart 48.9 52.0
EIA Weekly Crude Oil Stocks   -1.934Mln 0.447Mln -3.832Mln
Dallas Fed PCE Dallas Fed PCE Chart 1.9%

Thursday 08 January

Indicator Previous Expected Actual
Consumer Confidence Consumer Confidence Chart 37.5
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 0.6%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart -0.4%
House Price Index UK (Halifax) House Price Index UK (Halifax) Chart 0.0% 0.2%
Trade Balance Trade Balance Chart -3.920Bln EU
Trade Balance Trade Balance Chart -1.310Bln EU
Unemployment Rate   6.0%
Services Sentiment Services Sentiment Chart 5.7 5.9
PPI Year on Year PPI Year on Year Chart -0.5% -1.9%
Business Climate Business Climate Chart -0.66
Economic Sentiment Economic Sentiment Chart 97.0 97.0
Unemployment Rate Unemployment Rate Chart 6.4% 6.4%
Consumer Confidence Consumer Confidence Chart -14.6 -14.6
Industrial Sentiment Industrial Sentiment Chart -9.3 -9.1
PPI Month on Month PPI Month on Month Chart 0.1% 0.2%
Trade Balance Trade Balance Chart -52.8Bln US -58.9Bln US
Trade Balance Trade Balance Chart 0.15Bln CA -1.36Bln CA
Dallas Fed PCE Dallas Fed PCE Chart 1.9%

Friday 09 January

Indicator Previous Expected Actual
CPI Month on Month (China) CPI Month on Month (China) Chart -0.1%
PPI Year on Year PPI Year on Year Chart -2.2% -2.0%
Industrial Production Month on Month Industrial Production Month on Month Chart 1.8% -0.4%
Trade Balance Trade Balance Chart 16.9Bln EU 16.5Bln EU
Industrial Production Month on Month   0.2% 0.0%
Retail Sales Year on Year (nsa) Retail Sales Year on Year (nsa) Chart 1.30%
Retail Sales Month on Month (sa) Retail Sales Month on Month (sa) Chart 0.50%
Retail Sales Year on Year Retail Sales Year on Year Chart 1.5% 1.6%
Retail Sales Month on Month Retail Sales Month on Month Chart 0.0% 0.1%
Unemployment Rate Unemployment Rate Chart 6.5% 6.6%
Housing Starts Housing Starts Chart 1.307Mln 1.325Mln

Monday 12 January

Indicator Previous Expected Actual
Consumer Sentiment Consumer Sentiment Chart -9.0%

Tuesday 13 January

Indicator Previous Expected Actual
Retail Sales (Office for National Stats) Retail Sales (Office for National Stats) Chart 1.2%
CPI Year on Year (nsa) CPI Year on Year (nsa) Chart 2.7%
CPI Month on Month (sa) CPI Month on Month (sa) Chart 0.3%
New Home Sales-Units Month on Month New Home Sales-Units Month on Month Chart 0.800Mln

Wednesday 14 January

Indicator Previous Expected Actual
PPI Core Year on Year PPI Core Year on Year Chart 2.7%
Retail Sales Ex-Auto Month on Month   0.4%
Current Account Balance Current Account Balance Chart -251.3Bln US
Retail Sales Month on Month   0.0%
PPI excl Food and Energy MM PPI excl Food and Energy MM Chart 0.1%
PPI Final Demand Month on Month PPI Final Demand Month on Month Chart 0.3%
Existing Home Sales Existing Home Sales Chart 4.13Mln
Business Inventories Month on Month Business Inventories Month on Month Chart 0.2%

DISCLAIMER


Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. For professional clients, spread betting and CFD trading can also result in losses larger than your initial stake or deposit.

Spreadex Ltd is authorised and regulated by the Financial Conduct Authority, provides an execution only service and does not provide advice in any way. Nothing within this update should be deemed to constitute the provision of investment advice, recommendations, any other professional advice in any way, or a record of our trading prices. This update does not constitute or form part of an offer of, or solicitation for a transaction in any financial instrument, nor shall it or the fact of its distribution form the basis of, or be relied on in connection with, any contract therefore. Any persons placing trades based on their interpretation of the comments or information within this update does so entirely at their own risk.

No representation, warranty, or undertaking, express or limited, is given as to the accuracy or completeness of the information or opinions contained within this update by Spreadex Ltd or any of its employees and no liability is accepted by such persons for the accuracy or completeness of any such information or opinions. As such, no reliance may be placed for any purpose on the information and opinions contained within this update.

The information contained within this update is the intellectual property of Spreadex Ltd and is protected by UK and International copyright laws. All rights reserved. Users may however freely download, distribute and reproduce extracts of the contents, subject always to accrediting Spreadex Ltd as the source and providing a hyperlink to www.spreadex.com.