1. Monday- WPI Inflation figures will be released. As the RBI did not cut rates, it is expected that due to demonetization, year/year inflation would fall. However, the consensus is that the figure will be higher (3.5%) than last month (3.15%). A low figure, especially one below 3%, will show a strong indication that the RBI will indeed cut rates on the 8th of Feb and lead to a boost in the markets, while a strong inflation figure might have the opposite effect.
2. Fed Chairwoman Janet Yellen speaks on Thursday. It should be interesting to see what she has to say about the US economy a day before Trump is sworn in as President.
3. Donald Trump is sworn in as the President of the United States on Friday. The markets will keep this in mind throughout the trading day on Friday in India, and Trump’s policies will be taken into heavy consideration throughout the day.
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