The Impact of Economic Data on Financial Markets
Short course
In London and New York (USA)
Description
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Type
Short course
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Location
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Duration
2 Days
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Start date
Different dates available
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.
Facilities
Location
Start date
Start date
Start date
About this course
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.
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
General concepts of macroeconomic and applied economic theory, broad goals of monetary and fiscal policies, basic principles of financial products, probability theory.
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Subjects
- Market
- Financial
- Financial Training
- Forecasts
- Economic Data
- Financial markets
- Fiscal Policy
- Monetary Policy
- Economic Policy
- Global economic
- Exit strategies
- Soft data
- Forecast risks
Teachers and trainers (1)
Jeremy Hawkins
Teacher
Jeremy Hawkins is a highly experienced and respected senior practitioner with a wealth of experience at the sharp end of economic forecasting. For almost 20 years he was Chief Economist for Europe and head of European FX and short term interest rate strategy at Bank of America.Situated in BoA's London dealing room, his numerous appearances on CNN and the BBC provided practical and entertaining on-the-spot interpretations of a wide range of economic data and market sensitive events. Hawkins currently works for San Francisco-based Econoday where he is responsible for their European coverage.
Course programme
Understanding the Data
General data Issues
- Why the data matters
- Data collection techniques
- Different types of sampling errors
- The statistical bottom line
- What makes a good indicator
- Different types of indicator
- Indicator rankings
- Consensus economics: measuring market expectations
- How markets react
- Key market moving statistics
- Soft data
- Other indicators
- Actual versus underlying
- Seasonality
- Revisions
Day Two
Policies, Perspectives and Projections
Using current data to forecast the future
- Higher frequency to lower frequency
- Medium term pointers
- Cyclical indicators
- Fiscal policy
- Monetary policy
- Unconventional monetary policy
- Interpreting the policymakers
- Using official forecasts
- Causes
- Recent developments
- Policy responses
- Exit strategies
- Current forecasts
- Forecast risks
The Impact of Economic Data on Financial Markets