The Impact Of Economic Data On Financial Markets

The Impact Of Economic Data On Financial Markets

Course Outline:
Understanding the role of economic indicators which determine market performance is an essential skill in the context of an increasingly sophisticated and complex financial marketplace. This course identifies the information that really matters and provides an insight into how best to interpret the increasing wealth of data now available.

Who The Course is For:
 This programme is for anyone who needs to appreciate the relevance of economic statistics to the financial markets including: Traders Corporate treasurers Investment and risk managers Consultants Sales people  

Prior Knowledge: General concepts of macroeconomic and applied economic theory, broad goals of monetary and fiscal policies, basic principles of financial products, probability theory.

Objectives: This programme will provide an understanding of what economic data mean and how they relate to each other. Participants will learn to identify those statistics most likely to move the markets and to define what makes a market-useful economic indicator. They will also examine how some statistics can be employed as leading indicators for others.

The problems of gauging the market consensus will be highlighted in the programme and insights provided into how best to interpret the information. The potential dangers of taking the figures at face value will be emphasised and the different perspectives of the market and the policymakers looked at in detail.
Course Programme*

Why the Data Matter:

The policymaker's dream
Economic reality
The statistical bottom line
The making of a good economic indicator

Outturns and Expectations:

Major market moving economic statistics
Understanding the consensus
The overseas effect
Using the present to forecast the future

When the Devil is in the Detail


Actual versus underlying
Coping with seasonality
When new becomes old - and wrong

Economic Policy Perspectives


Policy targets and implications
Interpreting the policymakers
Using official forecasts

Workshops:


Assessing the market implications of different economic scenarios
Economic indicators in the context of economic policy


* Subject to change. Please contact course provider for more details.

This program is eligible for 8 Continuing Education credit hours from the CFA Institute. If you are a CFA Institute member, CE credit for your participation in this program will be automatically recorded in your CE Diary.