The series of interest rate statements begins on Tuesday when the Royal Bank of Canada (forecast: 4.50%, prior: 4.50%) and Royal Bank of Australia (forecast: 6.75%, prior: 6.75%) will announce the new level of interest rates. Wednesday will be bring New Zealand’s interest rate announcement (forecast: 8.25%, prior: 8.25%). Thursday is the day for the European Central Bank (forecast: 4.00%, prior: 4.00%) and the UK (forecast: 5.75%, prior: 5.75%).

As showed above, no changes are expected and only decision that will differ from forecast will move the markets. That is why investors need to pay attention to the rest of important macroeconomic reports that are being published this week. Wednesday will bring the US ADP Nonfarm Employment Change, which cab be a good prediction for the payrolls report. Also on Wednesday the ISM Non-Manufacturing report will be published. This report measures the activity level of purchasing managers in the services sector, with a reading above 50 indicating expansion. As ustal, the Crude oil inventories publication will be on the spotlight, since recently this report moves the oil market.

Friday is day investors are waiting for – the day the Nonfarm payrolls report will be published. Analysts expect an increase of jobs in the nonfarm sector by 75K Chile last reading showed a 166K increase. Along with that, we will get to know the unemployment rate in the US (forecast: 4.8%, prior: 4.7%) and the average hourly earnings.

No macroeconomic reports will be published in Poland so local investors wll have to focus on news flowing from the US and the performance of foreign stock exchanges.

Adam Narczewski