ECONOMIC DATA ANALYSIS BY LLOYDS TSB

Despite the World Economic Forum, the State of the Union address and the FOMC announcement, it was the UK that provided most shockwaves to markets last week with the startling collapse in Q4 economic activity, followed by news that the MPC nest contained another hawk. Markets braced for payrolls and PMIs

Despite the World Economic Forum, the State of the Union address and the FOMC announcement, it was the UK that provided most shockwaves to markets last week with the startling collapse in Q4 economic activity, followed by news that the MPC nest contained another hawk. This week the focus shifts back to the international scene with US non-farm payrolls claiming the usual top spot on the economic calendar, closely followed by the ISM surveys and comments from Fed Chairman Bernanke. The ECB also makes its policy announcement, with usual interest in President Trichet’s press conference, following January’s preliminary inflation release. But UK news should prove interesting.