Economic events of the Week

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Monday: November Retail Sales are due in Spain, following a Year over Year decrease of -0.6%, expectations are low for this one. The other side of the European continent expresses more optimism as December’s Italy Business Confidence is analyst surveyed to indicate a 0.9 point improvement. The day will conclude with the publishing of Consumer Price Indices in Russia.

Tuesday: The day will see mostly U.S. data, namely the publishing of the Chicago Purchasing Managers’ Index and the Consumer Confidence Index.

Wednesday: The first day of 2014 will see the publishing of the official Manufacturing Purchasing Managers' Index in China.

Thursday: The unofficial HSBC/Markit Manufacturing Purchasing Managers’ Index is due and is expected to present a more pessimistic image of Chinese economy with an analyst estimation of 50.5 points vs. the official PMI’s 51.2. The day will also see the publishing of Manufacturing Purchasing Managers’ Indices throughout the Eurozone, namely Italy, France, Germany and the U.K. U.S. Initial Claims, U.S. ISM Manufacturing and ISM Prices Paid are due later that day.

Friday: Europe will draw most of the day’s attention. The busy day will start as the nationwide House prices will be published in the U.K. Analysts expect the figure to be revised upwards from an annual increase of 6.5%, recorded last month, to no less than 7.1% on this month’s figure. Preliminary estimations of the Spanish CPI are also due. More attention will be taken by the U.K. real-estate sector with the publishing of November’s mortgage approvals – analysts expect this figure to continue increasing. Italian Consumer Price Index and Spanish Unemployment will also be published. 

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Economic events of the week

Register at ANYOPTION and start trading TODAY!

Monday: The Rightmove House Prices data will shed light on the U.K. real estate sector, amid growing concerns regarding the developing housing price bubble. Tuesday: ZEW Surveys will be published in Germany, revealing financial market experts’ view on the local economy. Wednesday: The Fed and the BoE are releasing their Minutes report. Japanese Trade Balance data will be published, current analyst expectations are for a slight improvement to a -851 billion Yens trade deficit. This will be followed by the Japanese All Industry Activity Index, which analysts predict to slightly improve. U.S. Mortgage Applications data will also be published, after growing mortgage rates set October’s applications to a monthly -1.8% decrease. Advance Retail Sales are due, as well as the Consumer Price Index, which is analyst surveyed to present no monthly change. Unemployment data will be published in Russia, which continued to present a strong economy with only a 5.3% datum last month. Thursday: The day will reveal expectations for future economic recovery for the Eurozone, as Purchasing Managers’ Indices will be published in France, Germany, and the Eurozone’s aggregate. U.S. Jobless claims will make their weekly appearance, and the Bank of Japan will publish its target rate. Friday: GDP data and the IFO surveys will be published in Germany. ECB’s Draghi will speak in Frankfurt and the Eurogroup will hold a meeting. Register at ANYOPTION and start trading TODAY!