On Tuesday, January 22, 2019, the markets will be concerned with the release of economic calendar data, which usually results in changes in price movements. The economic agenda is a key tool for the fundamental analysis of the news to predict the performance of the markets. Therefore, caution must be taken to determine the results of these actual data to make the right decision in trading.
UK Payroll: Total British wages, including bonuses, rose at an annualized rate of 3.3 percent to £528 a week for three months prior to October last year, after adjusting the figure for the previous period up to a gain of 3.1 percent. Analysts' estimates exceeded 3.0 percent. Total wages rose at the fastest rate in three months to July 2008. Pay growth in the private and service sectors increased. However, it has advanced at the same rate in construction, retail, wholesale, hotels and restaurants. In the public sector and manufacturing industries, wage growth slowed.
Excluding bonuses, wages rose 3.3 percent to £495 a week, the highest rate since the end of 2008, after a 3.2 percent increase in the previous period. This was in line with analysts' expectations. In terms of real value, wages including bonuses rose by 1.1 percent, while wages excluding bonuses rose by 1.0 percent.
The wage growth forecast for the three months to November 2018: 3.3 percent.
New Zealand Consumer Price Index: Consumer prices rose 0.9 percent in the third quarter of last year and 1.9 percent year-on-year. Analysts had expected inflation to rise to 0.7 percent in the quarter and 1.7 percent year-on-year in the third quarter of 2018. This figure is slightly lower than the RBNZ target of 1.0 percent to 3.0 percent. The increase was supported by transportation, residential and household facilities, residential rents, construction sectors and food prices.
Expectations for the fourth quarter of last year: consumer prices are expected to remain unchanged.