RPT-BUZZ-Week Ahead-US jobs report, BoE decision, trade tensions lead
Repeats with no changes
Feb 3 (Reuters) - A busy start to February, with the U.S. imposing tariffs on Canada, Mexico, and China as promised by President Donald Trump, while the often-volatile monthly U.S. jobs report ends the week with a Bank of England rate decision in the middle.
Investors will be on watch for possible retaliatory action from the three affected countries. Canada has taken the lead, slapping 25% levies on a raft of U.S. imports.
There is a busy U.S. data schedule, and speeches from Federal Reserve officials, including San Francisco President Mary Daly, Richmond President Thomas Barkin, St Louis President Alberto Musalem and Chicago President Austin Goolsbee.
Key U.S. data includes ISM manufacturing and non-manufacturing PMIs, S&P final January PMIs, factory orders, trade, weekly jobless claims, ADP jobs, preliminary February University of Michigan sentiment and inflation expectations, and the banner jobs report on Friday.
The BoE is expected to cut the Bank Rate by 25 basis points to 4.5% on Thursday, according to all 65 economists polled. The BoE Monetary Policy Report and meeting minutes will give a guide to future moves. Final January PMIs are the only data.
Event risk in Europe is led by euro zone final January PMIs, flash HICP, retail sales and producer prices, along with German industrial orders and production. European Central Bank Chief Economist Philip Lane speaks at the Peterson Institute on Wednesday.
Japan has a low-key week with final January PMIs, December household spending and wages data. The Bank of Japan's summary of opinions from the Jan 23-24 meeting is due Monday.
China's markets reopen on Wednesday after the Lunar New Year holidays. Caixin manufacturing PMI is due Monday, services PMI on Wednesday, and CPI and PPI on Sunday.
Australia releases Q4 and December retail sales and trade data, while New Zealand has Q4 employment. Canada's key releases are PMIs, trade and jobs data.
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