Monday: The HSBC Services Purchasing Managers’ Index will be released in China. Later that day services PMIs will be released in Europe, namely Spain, Italy and France. All these figures will boil down the Eurozone’s Composite Index. More cardinal figures from Europe will be presented in the form of the German Consumer Price Index. Moving to the new world, the ISM Non-Manufacturing Index and Factory Orders will be published in the U.S.
Tuesday: Japan’s Monetary Base’s magnitude will be published. Market focus will then shift to Germany, which is due to publish both November’s Retail sales data, as well as Unemployment statistics. Later the day, the Eurozone’s CPI estimate for December will be released, followed by the U.S’s Trade balance.
Wednesday: Trade Balance statistics are due in China. Analysts expect exports to present a 5.2% Year over Year increase, and Imports to present a solid 5% Year over Year increase. Cardinal indicators will be released for the Eurozone, namely November’s Retail Sales and the Unemployment rate, currently at 12.1%. Additionally, Factory Orders will be published in Germany, with analysts expecting a 1.5% Month over Month increase. In the U.S., the MBA Mortgage Applications Index is due, as well as ADP Employment Change. The Fed will release Minutes from its December meeting.
Thursday: The Consumer Confidence Index will be published for the Eurozone. Additionally, November’s Industrial Production figures will be published for Germany. Still in Europe, The Bank of England will publish its official Bank Rate. The ECB will publish its main refinance rate.
Friday: A slew of Industrial and Manufacturing production data will be released in France, Spain and the U.K. The U.S. will see the release of some labor statistics, namely Change in Manufacturing and Non-Farm Payrolls and Unemployment.
