As markets navigate the current economic landscape, today’s schedule is packed with important updates and announcements that could influence global financial trends. Here’s what to keep an eye on:

9:00 AM UK – Euro-Area PMIs

Purchasing Managers’ Index (PMI) data from the Eurozone will provide insights into the region’s economic health. These figures are closely monitored as they reflect activity in both the manufacturing and service sectors, serving as an early indicator of economic trends.

9:30 AM UK – UK PMIs

Shortly after the Euro-area PMIs, similar data will be released for the United Kingdom. With inflation and economic pressures still at the forefront, the UK’s PMI data will shed light on business conditions and the outlook for the British economy.

10:00 AM UK – Lagarde Speaks in Davos

Christine Lagarde, President of the European Central Bank (ECB), is scheduled to speak at the World Economic Forum in Davos. Her comments are expected to address monetary policy, inflation, and the broader economic outlook for Europe, potentially setting the tone for market expectations.

2:45 PM UK – US PMIs

The US will release its PMI data later in the day, which will offer a snapshot of economic activity across industries. With investors keeping a close watch on the Federal Reserve’s next moves, these figures will likely influence sentiment in US equity and bond markets.

3:00 PM UK – US Existing Home Sales and Michigan Sentiment

Housing market data, combined with the University of Michigan’s consumer sentiment index, will provide a comprehensive view of consumer confidence and spending trends in the US. These indicators are critical for understanding the health of the American economy.

American Express Earnings

Wrapping up the day, American Express is set to report its earnings. As a bellwether for consumer spending and financial services, its performance and forward guidance will be scrutinized by analysts and investors alike.