 Okay, very good evening to you. It is Sunday the 16th of January and as per usual I'm going to take a look at the major news over the weekend and the major things to look out for in markets coming up this week Don't forget first things first. It is Martin Luther King, Jr. Day in the US So US markets closed for Monday and also really quiet calendar In fact in terms of major economic data coming out of the States But we do see a bit of a pickup in earning season about 38 S&P 500 companies coming out few more big banks for the other names as well Which I'll look at in a moment including companies like Netflix as well, which are quite closely followed but let's get straight to it and talk about some of the weekend news first and Overall, it has been really quiet Probably likely to the fact of what I've just mentioned with the holiday in the States But not a great deal going on so just quickly two stories to be aware of one in Oil markets Libya's oil production has picked up This comes after a blockade of its Western fields ended and ports in the east of now Reopened output is said to now be back to around 1.2 million bowels per day Which was about normal in terms of the level of operation before the latest round of closures hit the North African nations or facilities late last year so that in itself we had seen a bit of a Supply impact in the lights of Kazakhstan Libya But those things started to normalize now a little bit and will continue to keep an eye on oil after a Continuous multi-week run that we've been seeing of late Then the other stocks news of of interest I don't think this is particularly meaningful for the stock in itself But certainly for this web 3.0 and a metaverse conversation There was a report on CNBC talking about Walmart is preparing its own cryptocurrency collection of Non-fungible tokens as according to Pattern trademark filings that have shown that they're looking and have the intention to sell virtual goods such as electronics Decor toys sporting goods personal care products these types of things So just need to be aware of and I thought quite an interesting story But look before I begin and talk about the week ahead One thing is if you're a student and you have not yet taken part in one of our finance Accelerator events in 2021 well, we've got one of the first ones to land this year on Wednesday the 19th Doesn't matter if you don't start to study econ It doesn't matter if you've never done any trading or anything like that before if you're keen about about global markets You want to work in finance industry, but you don't have any experience You want to fill some of these roles out like sales trader market maker Hedge fund trading these types of roles then check it out This is your chance to get some hands-on practical experience and accumulate some data on your own performance to hopefully tell you Again where you could apply to in future with greater success So I'll drop the link on the video and while we're here Don't forget to like and subscribe to the channel and really appreciate it Otherwise look let's talk about the week ahead and overnight So going into Monday morning We're going to see the release of the latest Chinese metrics and these are going to be actually quite interesting And the reason for that is we get GDP overnight Now really two major things here or three major ones actually the impact of the real estate downturn in the fourth quarter We've also got Beijing's hard line approach This zero tolerance approach to kovat Lockdowns which they've been inactioning of course pretty much since the beginning of the pandemic But we have seen case numbers there particularly high of late in this quarter's reading And then also we've had electricity shortages as well So as you can see here China's growth pattern has been slowing throughout 2021 and we are expecting that to happen Again the median forecast is for a 3.3 percent print overnight This also does come out alongside things like industrial production retail sales So the full suite of economic updates coming out of china in the overnight session Otherwise just flipping over to the calendar You'll see here it commences on Tuesday because monday is super quiet on the docket and just focusing on the uk With this you've got uk jobs day to tuesday uk cpi wednesday And then you've got uk retail sales coming out on friday now a couple of things to be aware of here for one The labor statistics on tuesday will likely continue to show a tight employment market Intention very much so it's going to be on the wage components in particular That is the basis a lot of the rationale for why The bank of england have and are expected to be continuing to hike rates in the near term And then on wednesday a further uptick in inflation is expected to 5.2 percent That's according to the medium outcome of those polled by uh bloomberg Which would match the previous High for the current century. So yes inflation is super high Directionally we are expected that to continue to be the case Like what we saw in the us with that uptick from 6.8 to 7 percent just a week or so ago But despite the inflation Metric being statistically very high Actually, it's probably going to go as i'm saying even higher in the future And in fact most analysts are of the opinion the inflation in uk is unlikely to peak until april Where analysts are expecting a roughly 50 increase in the household energy price cap So that coming in shouldn't be a shock But it's going to make those numbers look super high when that time comes around and that's because of wholesale prices for energy being So high that's going to be compensated in then to all of us paying more of course for our energy bills And then on friday, you've got retail sales expected to fall Did have a pretty bumper november and a lot of that was Appeared to be stronger than usual black friday trading periods So when we tend to see a front running purchase in demand in that fashion it tends to then Decelerate afterward and also of course we saw the outbreak of omicron yet to be seen how much of an impact that had certainly probably people's Reluctancy to go out and hospitality and things like that probably slightly less so Then what we saw in the past a year prior and so forth But nonetheless we're expecting that to decline when that comes out on friday The other thing of course in the uk is politics Probably you can't get away from it the weekend because of all the trouble That's been coming at the door of number 10 and boris johnson. So sue gray the senior civil servant May release her reports a little bit tentative around what specifically the timing will be about those whitehall parties Which we saw emerge and was really in the forefront of mainstream media last week The report is expected to be highly critical of downing street staff And we'll set out in detail an apparent culture of drinking and covid rule breaking boris johnson's likely to just cut a couple of low hanging fruit aids to try and take accountability for that Having had him made the apology last week She's not expected in that report to blame p.m. Johnson directly for this. So for the moment I would say he lives to fight another day as far as this week is concerned And if you want more kind of thoughts and insights as towards what I think about that more long term Then check out the amplify me market maker podcast where pierz and I talked about this length in friday's latest episode Otherwise moving on and going to take a quick look at japan the bank of japan have their rate meeting coming up this week And they may consider signs of price Precious in their meeting on tuesday analysts morgan stanley have said that they now guessed that the boj's existing outlook Which judges the risk to prices are quote skewed to the downside Maybe revise to suggest that risks Instead of downside are now balanced and so a bit of an upgrade in that front inflation figures for december in japan will follow Later this week and we're also going to get latest trade numbers coming out of the country as well And as you can see on this chart right here japanese producer price index Being the highest that it's been in multiple decades. And so Yes, the rates not quite as dramatic on the cpi front is what we're seeing elsewhere globally But nonetheless are following in the same direction. So although the distance is very far away from the sort of policy Juncture where the fed are at or the bank of england haven't already pulled the trigger the boj Certainly will be moving slightly towards that direction as well And then in europe you get the ecb minutes So here she is christine the guard the president of course of the central bank The minutes about the december deliberations will be coming out on thursday The bank Much like in the case of the bank of japan probably not quite so much so but is Quite a different place from where the boe and the fed are at this point in time Nonetheless eurozone inflation hit a record High of five percent in december prompting some governing members to warn that if prices keep rising faster Then it's two percent target for longer than expected. It would require a more dramatic shift in policy So really you're looking for a bit more of a detailed account of their conversations when those minutes come out towards the back end of this week australia Monthly consumer confidence data is released on wednesday likely to be hit by the raging corona virus that we've seen Domestically there while december labor market data out the day after on Thursday is unlikely to capture the full impact of the worsening outbreaks or something to consider and might well diminish the impact of that specific data point and then at the end of the week, of course, we do see The earnings come out and so As I said u.s. Canada is pretty quiet The ninesie is going to look exactly like this which is deserted because markets are closed on monday Calendar is extremely quiet. We've got some regional manufacturing some housing data really coming out of the u.s But none of that is going to really move the needle on fed thinking in terms of their policy And don't forget federal reserve members are now in their blackout period ahead of their meeting Which will take place on the 25th and 26th of this month of january We do have the earnings reports Earning season starts to pick up a little bit at pace It's really next week when they really does ramp up But following on the coattails are some of the banks like jp morgan Which had a pretty disappointing outlook and declined around six percent on friday black rock others We now start to see people like goldman sacks morgan stanley bank of america They're all coming out on tuesday and wednesday pre market 38 s and p companies in total including four dowel components Other highlights include companies like netflix after market on thursday As well as some transportation names as well hitting the tape So that is it so feel free to check out the full notes for this briefing on my twitter handle below As i said appreciate it if you could like and don't forget to subscribe to the channel really helps build out our community And yeah, have a great week ahead. Take care