A new week of the year 2020 will be marked by macroeconomic data releases: the USA, China, and the UK publish the recent data on indicators. The first phase of the US-China trade deal is expected to be signed. European authorities will also seek to normalize their economic relations with the United States.
Most Important Events on the Economic Calendar
- On January 13, the UK releases its monthly GDP report;
- On January 15, the US releases its core consumer price index;
- On January 15, the US releases its producer price index;
- On January 16, the ECB releases minutes from the Bank’s monetary policy meeting;
- China reports on the country’s GDP on January 17.
January 13. New Trading Conditions
China’s Vice Premier Liu He will visit Washington. As previously reported, the official will fly to the US capital to discuss the next phase of the trade deal.
January 14. Talks on DPRK and Middle East
South Korean Foreign Minister Kang Gyeong-wha and US State Secretary Mike Pompeo will meet to discuss DPRK-related issues and the situation in the Middle East. Japan’s Foreign Minister Toshimitsu Motegi may join the talks.
It should be noted that Japanese Prime Minister Shinzo Abe expressed his willingness to meet with North Korean leader without any preconditions.
January 15. The Phase One of the US-China Trade Agreement
The first phase of the US-China trade deal between may be signed on this day. Recall that President Trump announced it on December 31.
One of the main negotiators from China, Vice Premier Liu He will arrive in Washington on January 13, but the Chinese President Xi Jinping has not yet been reported to pay a visit.
January 16. Europe Tries to Normalize Economic Ties
New EU Trade Commissioner Phil Hogan will meet U.S. Trade Representative Robert Lighthizer to discuss worsening trade relations. Washington may increase tariffs on a number of European goods in response to France’s plans to introduce a digital service tax that would affect Google, Apple and Amazon.
January 17. Russia’s Stance on the Middle East Issue
Russian Foreign Minister Sergey Lavrov is to give a large press conference on January 17. The minister is expected to sum up the results of the ministry’s work in 2019. However, Russia’s stance on the situation in the Middle East is going to be the most interesting topic.