Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow
China Consumer, Wholesale Inflation
China releases January consumer and producer price inflation on Thursday. The reports are expected to show that consumer prices rose by an annualized 1.5% last month, while producer prices are forecast to increase by 4.3% on a year-over-year basis.
Commodities such as gold are highly sensitive to Chinese macro data as the Asian nation is largest consumer of commodities.
Bank of England Rate Decision
Economist forecast Bank of England (BoE) officials will vote to keep interest rate unchanged following the central bank’s decision to hike rates in November 2017 for the first time in decade.
The BoE inflation report is expected to show inflation continues to run ahead of the central bank’s 2% target, and could draw hawkish commentary on monetary policy from the BoE.
During its December meeting, the BoE Monetary Policy Committee (MPC) voted 9-0 in favour of keeping rates unchanged.
GBP/USD fell 0.48% to $1.3882.
US Initial Jobless Claims, Fed Speakers
The Labor department releases its weekly count of the number of individuals who filed for unemployment insurance for the week ended Feb 3. Economist forecast initial jobless claims to rose by 6000 to 236,000.
The dollar rose sharply against its rivals on Wednesday.
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