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*The economic data chart is for the U.S.

Mexican economic growth moderated in the fourth quarter after accelerating in the previous two quarters, largely led by a deceleration in the growth of the tertiary sector, preliminary data from the National Institute of Statistics and Geography, or INEGI, showed on Tuesday. Gross domestic product advanced an unadjusted 3.5 percent year-over-year in the December quarter. Read more...

Portugal's economic growth moderated for the third straight quarter in the three months ended December amid a deceleration in the growth of domestic demand due to a decrease in private consumption and investment, flash data from Statistics Portugal showed on Tuesday. Separate official data revealed that consumer price inflation eased for the third consecutive month in January. Read more...

eurozone 112819 31jan23

Euro area narrowly escaped a shrinkage in the fourth quarter, but the growth remained modest on weaker consumer spending amid high inflation. Gross domestic product grew 0.1 percent sequentially after rising 0.3 percent in the third quarter, preliminary flash estimates from Eurostat showed on Tuesday. Economists had forecast the single currency bloc to shrink 0.1 percent. Read more...

imf 040919 31jan23

Despite the global fight against inflation and the war in Ukraine, the International Monetary Fund upgraded its world economic growth projections as the full reopening of China is set to safeguard the recovery. The global growth outlook for 2023 was revised up by 0.2 percentage points to 2.9 percent, the IMF said in its World Economic Outlook Update, released Tuesday. Read more...

The International Monetary Fund upgraded its global growth outlook for this year as the recent reopening of China is set to safeguard the recovery despite the rise in central bank rates to fight inflation in most advanced economies. The global growth outlook for 2023 was revised up by 0.2 percentage... Read more...

consumer sentiment3 012723

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by slightly more than initially estimated in the month of January. The report showed the consumer sentiment index for January was upwardly revised to 64.9 from the preliminary reading of 64.6. Economists had expected the index to be unrevised. Read more...

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italyflag nov16 31jan23

Italian economy shrank marginally in the fourth quarter of 2022 after expanding in the previous seven quarters, led by weaker domestic demand and lackluster industrial and farm sector performance, preliminary data from the statistical office ISTAT showed on Tuesday, triggering fears of a mild recession. Gross domestic product shrank 0.3 percent sequentially in the December quarter. Read more...

ukhouse nov01 31jan23

UK mortgage approvals declined to the lowest level in more than two years in December as the cost of living crisis and the rising interest rate took its toll on the property market. The number of mortgages approved for house purchases fell to 35,600 in December from 46,200 in November, data from the Bank of England revealed Tuesday. Read more...

germanyunemployment jan21 31jan23

Germany's unemployment rate remained unchanged at a low level at the start of the year despite the economy showing signs of a recession, official data revealed on Tuesday. The unemployment rate held steady at 5.5 percent in January, the Federal Labor Agency reported. The rate also matched economists' expectations. Read more...

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Taiwan's export orders declined at a slower-than-expected rate at the end of the year, data from the Ministry of Economic Affairs showed on Tuesday. Export orders fell sharply by 23.2 percent year-on-year in December. Economists had expected a decline of 25.4 percent. Bookings for optical, photographic,... Read more...

The Philippines' producer price inflation eased to the lowest in ten months and prices grew in 2022 after a fall in the previous year, data from the Philippine Statistics Authority showed on Tuesday. The producer price index increased 5.1 percent year-on-year in December, following a 6.2 percent growth... Read more...

Japan's housing starts decreased for the third straight month in December, defying economists' forecast for a recovery, data from the Ministry of Land, Infrastructure, Transport and Tourism showed on Tuesday. Separate official data showed that the consumer confidence index rose to a 5-month high at... Read more...

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francefalg april30 31jan23

Inflationary pressures in the French economy continued unabated at the start of the year as consumer price inflation and the EU harmonized rate accelerated in January and producer price growth remained strong, even as the economy narrowly escaped a recession in the fourth quarter, thus validating the tightening stance of the European Central Bank that is set to hike rates further this week. Read more...

The euro area economy posted an unexpected expansion in the fourth quarter, preliminary flash estimates released by Eurostat showed on Tuesday. Gross domestic product grew 0.1 percent sequentially after rising 0.3 percent in the third quarter. Economists had forecast the currency bloc to shrink 0.1... Read more...

The Czech Republic's economic output contracted for the second straight quarter in the three months ended December, largely due to lower household consumption, thus entering a technical recession, preliminary estimates from the statistical office showed on Tuesday. Gross domestic product decreased 0.3 percent sequentially in the fourth quarter, following a 0.2 percent fall in the third quarter. Read more...

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Time (et)
Economic Indicator
Period
Actual
Forecast
Previous
Country
Tuesday ,Jan.31
00:00
Housing Starts (Y-o-Y)
DEC
-1.7 %
 
-1.4 %
Japan
01:30
GDP (Q-o-Q)
Q4
0.1 %
 
0.2 %
France
01:30
Consumer Spending (M-o-M)
DEC
-1.3 %
 
0.5 %
France
02:00
Unemployment Rate
DEC
2.9 %
 
3.0 %
Germany
02:00
Import Price Index (M-o-M)
DEC
-1.6 %
 
-4.5 %
Germany
02:00
Retail Sales (M-o-M)
DEC
-5.3 %
 
1.1 %
Germany
02:00
Retail Sales (Y-o-Y)
DEC
-6.4 %
 
-5.9 %
Germany
02:30
Retail Sales (M-o-M)
DEC
-1.7 %
 
1.5 %
Switzerland
02:30
Retail Sales (Y-o-Y)
DEC
-2.8 %
 
-1.3 %
Switzerland
02:45
PPI (M-o-M)
DEC
1.4 %
 
1.2 %
France
02:45
PPI (Y-o-Y)
DEC
20.7 %
 
21.5 %
France
02:45
CPI (M-o-M)
JAN
0.4 %
 
-0.1 %
France
02:45
CPI (Y-o-Y)
JAN
6.0 %
 
5.8 %
France
02:45
CPI - EU Harmonised (Y-o-Y)
JAN
7.0 %
 
6.7 %
France
05:00
GDP (Q-o-Q)
Q4
0.1 %
 
0.3 %
Eurozone
05:00
GDP (Y-o-Y)
Q4
1.9 %
 
2.3 %
Eurozone
09:00
S&P/Case-Shiller Home Price Index
NOV
297.29
 
298.99
United States
09:00
House Price Index (M-o-M)
NOV
-0.1 %
 
0.0 %
United States
09:45
Chicago PMI
JAN
44.3
 
44.9
United States
10:00
Consumer Confidence Index
JAN
107.1
 
109.0 (R)
United States
19:30
PMI Manufacturing
JAN F
 
 
48.9
Japan
20:45
PMI Manufacturing
JAN
 
 
49.0
China
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Futures point to slightly lower open on Wall Street

The major U.S. index futures point to a slightly weak start on Wall Street on Tuesday. The Dow futures are down 0.16 percent, the S&P futures are lower by 0.14 percent, and the Nasdaq futures are down 0.3 percent. With the Federal Reserve's interest rate decision due on Wednesday, traders are likely...
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