Market Analysis

Economic Diary:
Week Commencing 03/02/25


Monday 03 February

Indicator Previous Expected Actual
Retail Sales Retail Sales Chart 0.8% -0.7% -0.1%
PMI Manufacturing   48.8 48.7
GDP Prelim Year on Year   0.9%
GDP Prelim Quarter on Quarter GDP Prelim Quarter on Quarter Chart 0.0%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 4.1%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart 0.1%
PMI Manufacturing   46.2 46.8 46.3
PMI Manufacturing   45.3 45.3 45.0
PMI Manufacturing   44.1 44.1 45.0
PMI Manufacturing   46.1 46.1 46.6
PMI Manufacturing   48.2 48.2 48.3
PMI Manufacturing   52.2 51.6
ISM Manufacturing PMI ISM Manufacturing PMI Chart 49.3 49.8 50.9

Tuesday 04 February

Indicator Previous Expected Actual
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart 0.1%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 4.1%
Factory Orders Factory Orders Chart -0.4% -0.7% -0.9%

Wednesday 05 February

Indicator Previous Expected Actual
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 4.1%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart 0.1%
Industrial Production Month on Month   0.2% -0.1% -0.4%
PMI Services   50.7 50.5 50.4
PMI Services   48.9 48.9 48.2
PMI Services   52.5 52.5 52.5
PMI Composite   50.2 50.2 50.2
Retail Sales Month on Month (sa) Retail Sales Month on Month (sa) Chart -0.40% 0.60%
PMI Services   51.4 51.4 51.3
Retail Sales Year on Year (nsa) Retail Sales Year on Year (nsa) Chart 1.10% 0.60%
PMI Services   51.2 51.2 50.8
PPI Month on Month PPI Month on Month Chart 1.6% 0.5% +0.4%
PPI Year on Year PPI Year on Year Chart -1.2% -0.1% 0.0%
ADP employment report ADP employment report Chart 122k 150k 183k
Trade Balance Trade Balance Chart -0.32Bln CA 0.75Bln CA 0.71Bln CA
Trade Balance Trade Balance Chart -78.2Bln US -96.6Bln US -98.4Bln US
ISM Non-Manufacturing PMI ISM Non-Manufacturing PMI Chart 54.1 54.3 52.8
ISM Non Manufacturing New Orders ISM Non Manufacturing New Orders Chart 54.2 51.3
ISM Non Manufacturing Business Activity ISM Non Manufacturing Business Activity Chart 58.2 54.5
ISM Non Manufacturing Prices Paid ISM Non Manufacturing Prices Paid Chart 64.4 60.4
ISM Non Manufacturing Employment ISM Non Manufacturing Employment Chart 51.4 52.3
EIA Weekly Crude Oil Stocks   3.463Mln 1.962Mln 8.664Mln

Thursday 06 February

Indicator Previous Expected Actual
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 4.1%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart 0.1%
Retail Sales Year on Year Retail Sales Year on Year Chart 1.2% 1.9% +1.9%
Retail Sales Month on Month Retail Sales Month on Month Chart 0.1% -0.1% -0.2%
MPC Vote For Rate Cut   3 8 9
MPC Vote For Rate Hike   0 0 0
BoE Rate Decision BoE Rate Decision Chart 4.75% 4.50% 4.5%
MPC Vote For Rate Unchanged   6 1 0
Weekly Jobless Claims Weekly Jobless Claims Chart 207k 213k 219k

Friday 07 February

Indicator Previous Expected Actual
Trade Balance Trade Balance Chart 19.7Bln EU 17.0Bln EU +20.7Bln EU
Industrial Production Month on Month Industrial Production Month on Month Chart 1.5% -0.6% -2.4%
House Price Index UK (Halifax) House Price Index UK (Halifax) Chart -0.2% 0.2% 0.7%
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart 0.1%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 4.1%
Trade Balance Trade Balance Chart -7.085Bln EU -3.905Bln EU
Non-Farm Payrolls Non-Farm Payrolls Chart 323K 169K 143K
Unemployment Rate Unemployment Rate Chart 4.1% 4.1% 4.0%
Unemployment Rate Unemployment Rate Chart 4.1% 4.1% 4.0%
Unemployment Rate Unemployment Rate Chart 6.7% 6.8% 6.6%
Average Earnings Average Earnings Chart 0.3% 0.3% 0.5%
Non-Farm Payrolls Non-Farm Payrolls Chart 256k 170k 143k

MARKET ANALYSIS

RECENT POSTS

DISCLAIMER


Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% 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.