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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Week ahead: central banks' decisions; PMIs; airlines; Tesla; IBM; STMicroelectronics

It’s all about central banks and chips in the coming week as traders wait on interest rate decisions from Japan, the euro zone and Canada. Plus STMicroelectronics and Intel hand in their corporate report cards.

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(Partial Video Transcript)

Central bank meetings coming up

Hello. Welcome to IGTV. This is your special look ahead to the week starting 22 January 2024. At any moment now, we've got a special guest lined up for you, Tom Sosnoff from Tasty Live, part of IG Group. Let's just take you across the very heavy calendar items next week, starting with China, got loan prime rates out of there on Monday.

Later on in the week, it's punctuated really by quite a few central bank meetings. The Bank of Japan (BoJ) interest rate decision a key one to watch if you are trading in yen.

Also, the quarterly outlook report might give us some sense of where the currency cross, the yen versus the US dollar, is going.

Australia business confidence numbers due

And then look out for business confidence numbers out of Australia as well, public sector net borrowing out of the UK and consumer confidence numbers out of the euro zone, all of those likely to give us some volatility in the FX markets.

From the US, we're looking out for crude oil inventories. It's a big week for interest rate decisions. Canada on deck on Wednesday with its interest rate decision. We also have trade balance numbers and those purchasing managers indexes (PMIs) out of the euro zone, the UK and the US as well.

On Thursday, it's the European Central Bank’s (ECB’s) turn. It's got a rate decision. What they say about timing and inflation is perhaps more key than if anything happens at all.

ECB not to be swayed by Fed's action

Ahead of that, Christine Lagarde in Davos mentioning that the ECB is keeping a close eye on inflation rather than any sort of decision based on what the Fed does. In Germany, we’ve got the IFA business climate index.

And on Friday, it's really about the Bank of Japan minutes and consumer confidence figures out of the UK and Germany and home sales of the US and also consumer data, particularly income and spending out of the US.

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