下周海外经济数据密集公布，包括欧元区的服务业PM I、欧美的零售销售数据、商品贸易账等。海外风险事件主要集中在欧元区、英国以及澳洲央行利率决议。近期欧元区经济表现出好转势头，预计欧洲央行将维持基准利率不变。国内数据主要包括1月CPI、PPI年率。

Next week overseas economic data released intensive,Including the euro area's services PM I/Europe and the United States retail sales data/Merchandise trade accounts, etc.Overseas risk events are mainly concentrated in the euro zone/Britain and Australia central bank interest rate decision.Recently the eurozone economy showed better momentum,Expected the European central bank will keep its benchmark interest rate unchanged.The domestic data mainly includes January CPI/PPI annual rate.

　　2月4日，星期一，欧元区公布2月Sentix投资者信心指数、2012年12月PPI年率，美国公布2012年12月工厂订单月率。

February 4,,Monday,The eurozone announced on February Sentix investor confidence/In December of 2012 PPI annual rate,The United States released in December 2012 factory orders month rate.

　　欧元区1月Sentix投资者信心指数连续第五个月改善，创下近两年最高水平。欧洲央行1月议息会议表现出对欧元区经济的信心，2月投资者信心指数料继续改善。

The euro zone 1 month Sentix investor confidence to improve their fifth consecutive month,The highest level in nearly two years.The European central bank interest on January discussion meeting show about the eurozone's economic confidence,February investor confidence index materials continue to improve.

　　美国2012年11月工厂订单月率意外下滑0.6%，表现逊于预期，但12月工厂订单月率可能由于12月耐用品订单的大幅增长而出现回升。

The United States in November 2012 factory orders month accident rate fell 0.6%,Performance as expected,But on December factory orders month rate may be due to December orders for durable goods and appear a significant increase in the back.

　　2月5日，星期二，欧元区公布1月综合PM I终值和2012年12月零售销售月率，美国公布1月ISM非制造业PM I，澳洲联储公布利率决定。

On February 5,On Tuesday,The eurozone published January comprehensive PM I final value in 2012 and December retail sales month rate,The United States announced on January ISM non manufacturing PM I,Australia announced the fed's decisions on interest rates.

　　欧元区1月服务业和制造业PM I初值双双触及近10个月新高，表明1月欧元区经济向前迈进，1月综合PM I终值预计也会高于前值。

The euro zone 1 month service and manufacturing PM I have both initial touch nearly ten months highs,Show that January the eurozone economy forward,January comprehensive PM I final value are also expected to be higher than the previous value.

　　美国2012年12月ISM非制造业指数因季节性因素大幅好于预期，1月数据与前值持平的可能性较大。

The United States in December 2012 ISM non manufacturing index for seasonal factors significantly better than expected,1 month before the data with the same value more likely.

　　澳大利亚2012年第四季度消费者物价指数(C PI)年率上升2.2%，升幅不及预期，处于澳洲联储通胀目标区间的底部，导致市场对澳洲联储降息预期升温。

Australia in the fourth quarter of 2012 consumer price index(C PI)Rose at an annualised rate of 2.2%,Rose less than expected,In Australia the fed inflation target the bottom of the interval,Lead to market to Australia the fed expected warming.

　　2月6日，星期三，德国公布2012年12月季调后制造业订单月率。

On February 6,,Wednesday,Germany announced the 2012 years after 12 Chinese rose adjustment manufacturing order month rate.

　　德国2012年12月Sentix投资者信心指数自上月的9.4跳升至13.0，增幅高于市场预期。预计德国12月季调后制造业订单月率将出现改善。

Germany in December 2012 Sentix investor confidence since last month's jumped to 9.4 13.0,Rate higher than the market expected.Germany is expected to 12 Chinese rose after the adjustment manufacturing order month rate will appear to improve.

　　2月7日，星期四，欧洲和英国央行公布利率决定。

Feb. 7,,Thursday,Europe and the bank of England announced decisions on interest rates.

　　英国央行保持此前利率决议为大概率事件，这是因为英国央行货币委员会只有一名成员支持扩大当前债券购买计划。欧洲央行维持0.75%低利率也是大概率事件，在1月10日利率决议中，德拉吉称利率决议是委员一致决定的，而且他认为欧洲过去6个月金融市场有显著改善，因此降息仍为小概率事件。重点关注德拉吉会后的讲话。

The bank of England to keep interest rates after the resolution is great probability event,This is because the bank of England's monetary committee members only one supports the current bond purchase plan.The European central bank to maintain 0.75% low interest rates and large probability event,On January 10 RiLiLv resolution,Della achish said interest rates of resolution is consistent decision,And he thinks that Europe over the past 6 months can improve the financial markets,So still cut interest rates for the small probability event.Focus on Della auspicious speech after the meeting.

　　2月8日，星期五，美国、日本、德国公布2012年12月贸易账，中国公布1月C PI年率、PPI年率、1月贸易账。

On February 8,Friday,The United States/Japan/Germany announced December 2012 trade accounts,China announced on January C PI annual rate/PPI annual rate/January trade accounts.

　　美国2012年11月贸易账赤字飙升至487.3亿美元，创7个月赤字最高幅度，主要原因为对德国和欧盟的贸易赤字大幅走高。由于2012年12月欧元区和德国的Sentix投资者信心指数都大幅上升，欧元区和德国需求企稳可能令美国12月贸易账赤字缩窄。

The United States in November 2012 trade account deficit ballooned to $48.73 billion,And seven months deficit highest,The main reason for Germany and the eu's trade deficit sharply go high.Because in December 2012, the euro zone and German Sentix investor confidence index rose sharply,The eurozone and Germany demand stabilises may make the December trade account deficit constriction.

　　中国2012年12月C PI年率涨幅升至七个月高位2.5%。由于食品价格上涨，1月C PI年率可能继续上行。中国12月PPI年率下降1.9%，降幅超预期。1月PPI年率可能因内需改善而上升，但增幅可能小于CPI，剪刀差缩窄可能性不大，预计对企业盈利仍有负面影响。

China in December 2012 C PI annual rate rise to seven months high 2.5%.Because of rising food prices,January C PI annual rate may continue to ascending.China December PPI dropped 1.9% annual rate,Decline than expected.January PPI annual rate may be improved and rising domestic demand,But growth may be less than the CPI,Scissors constriction unlikely,To the enterprise profit is expected to still have a negative impact.