The People's Bank of China (PBoC) said in a working paper on Wednesday that it expects the Chinese economy to expand 6.9% this year and 6.8% next year.
The central bank noted that industrial overcapacity, weak demand for Chinese goods and rising non-performing loans from banks weigh on the Chinese economy.
Inflation is expected to be 1.5% year-on-year in 2015, exports are expected to drop 2.9% this year from a year earlier, while imports are expected to slide 14.8%.
According to the working paper, the governments' stimulus measures should take effect from the fourth quarter of 2015 to the first half of 2016.
The Greek parliament on Tuesday approved a bill to receive next €1 billion of bailout funds. All 153 lawmakers of the government coalition voted in favour of the bill.
Markit Economics and financial information provider Ipsos Mori released its household finance index (HFI) for the U.K. on Wednesday. The household finance index increased to 45.0 in December from 44.1 in November.
The increase was partly driven by a rise in workplace activity and income from employment.
The index measuring the outlook for financial well-being over the coming twelve months decreased to 49.4 in December from 50.4 in November.
The current inflation perceptions index declined to 61.7 in December.
The index measuring expected living costs over the twelve months was down to 78.4 in December from 80.0 in November.
61% of respondents expects the Bank of England's monetary policy to tighten in 2015.
"Markit's HFI survey painted a mixed picture in December. On the one hand, the strain on current finances eased to one of the weakest in the series history, helped by relatively low inflation perceptions and further improvements in the labour market. In particular, growth of workplace activity quickened, while worries about job security abated," economist at Markit, Philip Leake, said.
Markit Economics released its preliminary manufacturing purchasing managers' index (PMI) for the U.S. on Wednesday. The U.S. preliminary manufacturing purchasing managers' index (PMI) dropped to 51.3 in December from 52.8 in November, missing expectations for a decline to 52.6. It was the lowest level since October 2012.
A reading above 50 indicates expansion in economic activity.
The decline was partly driven by a slower pace of expansion in new orders and production volumes. New orders grew at weakest pace weakest since September 2009, while production volumes rose at softest pace since October 2013.
"Just as the Fed looks set to hike interest rates for the first time since 2006, the manufacturing sector shows signs of stalling. The flash PMI results show factories ending the year with the weakest inflow of new orders since the global financial crisis," Markit Chief Economist Chris Williamson.
"Low oil prices are hurting the energy sector, feeding through to reduced investment demand for plant and machinery, while the stronger dollar is hitting exports and encouraging import substitution. These are major headwinds that show no sign of easing any time soon," he added.
The Federal Reserve released its industrial production report on Wednesday. The U.S. industrial production fell 0.6% in November, missing expectations for a 0.1% decrease, after a 0.4% decline in October. It was the fastest drop since March 2012.
October's figure was revised down from a 0.2% fall.
The drop was mainly driven by a fall in the mining output and utilities. Mining output plunged by 1.1% in November, while utilities production slid 4.3%.
Manufacturing output was flat in November, after a 0.3% rise in October. October's figure was revised down from a 0.4% increase.
Capacity utilisation rate decreased to 77.0% in November from 77.5% in October, missing expectations for a decline to 77.4%.
Westpac Bank and the Melbourne Institute released its leading index for Australia on late Tuesday. The index declined 0.2% in November, after a 0.1% in October.
"This result is a little disappointing. In the two previous months we had seen some modest improvement in the growth rate raising hopes that growth in the Leading Index might exceed trend by year's end," Westpac Bank said in its statement.
Westpac expects the Australian economy to expand 2.8% in 2015-16 and 2.7% in 2016-17.
The U.S. Commerce Department released the housing market data on Wednesday. Housing starts in the U.S. soared 10.5% to 1.173 million annualized rate in November from a 1,062 million pace in October, exceeding expectations for an increase to 1.135 million.
October's figure was revised up from 1.160 million units.
The increase was driven by rises in starts of single-family and multifamily homes.
Housing market benefits from the strengthening of the labour market. But there is a shortage of houses available for sale.
Building permits in the U.S. climbed 11.0% to 1.289 million annualized rate in November from a 1.161 million pace in October, beating expectations for a 1,150 pace.
Starts of single-family homes increased 7.6% in November. Building permits for single-family homes were up 1.1%.
Starts of multifamily buildings climbed 16.4% in November. Permits for multi-family housing rose 26.9%.
USD/JPY:120.00-10 (USD 2bln) 121.00 (720m) 121.30-35 (350m)
EUR/USD:1.0900 (EUR 919m) 1.0945-50 (575m) 1.1000 (622m) 1.1100 (664m) 1.1200 (1.5bln)
EUR/GBP:0.7170 (EUR 350m)
AUD/USD:0.7245 (AUD 273m) 0.7350 (628m)
AUD/NZD:1.0950 (AUD 901m)
Statistics Canada released foreign investment figures on Wednesday. Foreign investors added C$22.1 billion of Canadian securities in October, after an investment of C$3.35 billion in September.
Canadian investors added C$3.2 billion of foreign securities in October, led by non-US foreign bonds.
The preliminary Markit/Nikkei manufacturing Purchasing Managers' Index (PMI) for Japan declined to 52.5 in December from 52.6 in November.
A reading below 50 indicates contraction of activity.
The index was partly driven by a rise in new orders and backlogs of work.
"Operating conditions at Japanese manufacturers continued to improve at a solid rate in the final month of 2015. Despite easing, the rate of expansion in production was robust overall," economist at Markit, Amy Brownbill, said.
Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
01:35 Japan Manufacturing PMI (Preliminary) December 52.6 52.5
08:00 France Manufacturing PMI (Preliminary) December 50.6 50.5 51.6
08:00 France Services PMI (Preliminary) December 51 50.8 50
08:30 Germany Manufacturing PMI (Preliminary) December 52.9 53 53
08:30 Germany Services PMI (Preliminary) December 55.6 55.5 55.4
09:00 Eurozone Manufacturing PMI (Preliminary) December 52.8 52.8 53.1
09:00 Eurozone Services PMI (Preliminary) December 54.2 54.1 53.9
09:30 United Kingdom Average earnings ex bonuses, 3 m/y October 2.4% Revised From 2.5% 2.3% 2.0%
09:30 United Kingdom Average Earnings, 3m/y October 3% 2.5% 2.4%
09:30 United Kingdom Claimant count November 0.2 Revised From 3.3 1.5 3.9
09:30 United Kingdom ILO Unemployment Rate October 5.3% 5.3% 5.2%
10:00 Eurozone Trade balance unadjusted October 20.5 21.5 24.1
10:00 Eurozone Harmonized CPI November 0.1% -0.2% -0.1%
10:00 Eurozone Harmonized CPI ex EFAT, Y/Y (Finally) November 1.1% 0.9% 0.9%
10:00 Eurozone Harmonized CPI, Y/Y (Finally) November 0.1% 0.1% 0.2%
10:00 Switzerland Credit Suisse ZEW Survey (Expectations) December 0.0 16.6
12:00 U.S. MBA Mortgage Applications December 1.2% -1.1%
The U.S. dollar traded mixed to higher against the most major currencies ahead of the release of the U.S. economic data. Housing starts in the U.S. are expected to rise to 1.135 million units in November from 1.060 million units in October.
The number of building permits is expected to decrease to 1.150 million units in November from 1.161 million units in October.
The U.S. industrial production is expected to fall 0.1% in November, after a 0.2% decline in October.
The U.S. preliminary manufacturing PMI is expected to decline to 52.6 in December from 52.8 in November.
The Fed will release its latest monetary policy decision at 19:00 GMT.
The euro traded lower against the U.S. dollar after the release of the mixed economic data from the Eurozone. Eurostat released its final consumer price inflation data for the Eurozone on Wednesday. Eurozone's harmonized consumer price index fell 0.1% in November, beating expectations for a 0.2% drop, after a 0.1% increase in October.
On a yearly basis, Eurozone's final consumer price inflation increased to 0.2% in November from 0.1% in October, exceeding the preliminary reading of a 0.1% rise.
Eurozone's final consumer price inflation excluding food, energy, alcohol and tobacco fell to an annual rate of 0.9% in November from 1.1% in October, in line with the preliminary reading.
Eurozone's unadjusted trade surplus rose to €24.1 billion in October from €20.5 billion in September, exceeding expectations for a rise €21.5 billion.
Exports rose at an annual rate of 1.0% in October, while imports were flat.
Markit Economics released its preliminary manufacturing purchasing managers' index (PMI) for the Eurozone on Wednesday. Eurozone's preliminary manufacturing PMI rose to 53.1 in December from 52.8 in November. Analysts had expected the index to remain unchanged at 52.8.
Eurozone's preliminary services PMI fell to 53.9 in December from 54.2 in November, missing expectations for a fall to 54.1.
Growth of new business supported both indexes.
"The Eurozone economy enjoyed a comfortably solid end to 2015, though policymakers are likely to remain disappointed by the relatively modest pace of expansion and lack of inflationary pressures, given the stage of the recovery and the amount of stimulus already in place", Markit's Chief Economist Chris Williamson said.
He noted that data was signalling the Eurozone's economy could expand 0.4% in the fourth quarter, meaning that the economy grew 1.5% in 2015.
The British pound traded lower against the U.S. dollar after the release of the U.K. labour market data. The Office for National Statistics (ONS) released its labour market data on Wednesday. The U.K. unemployment rate fell to 5.2% in the August to October quarter from 5.3% in the July to September quarter. It was the lowest reading since three months to January 2006.
Analysts had expected the unemployment rate to remain unchanged at 5.3%.
The claimant count rose by 3,900 people in November, beating expectations for a rise by 1,500, after an increase of 200 people in October. October's figure was revised down from a 3,300 increase.
U.K. unemployment in the July to September period dropped by 110,000 to 1.71 million from the previous quarter.
Average weekly earnings, excluding bonuses, climbed by 2.0% in the August to October quarter, missing expectations for a 2.0% rise, after a 2.4% gain in the July to September quarter. The previous quarter's figure was revised down from a 2.5% increase.
Average weekly earnings, including bonuses, rose by 2.4% in the August to October quarter, missing expectations for a gain of 2.5%, after a 3.0% increase in the July to September quarter.
The Bank of England monitors closely the wages growth it considers when to start hiking its interest rate.
The Canadian dollar traded lower against the U.S. dollar ahead of the release of the Canadian economic data.
The Swiss franc traded lower against the U.S. dollar. A survey by the ZEW Institute and Credit Suisse Group showed on Wednesday that Switzerland's economic sentiment index jumped to 16.6 in December from 0.0 in November.
"As in the previous months, the clear majority of survey respondents regard the present state of Switzerland's economy as being "normal". The group of analysts sharing this assessment has increased slightly and now amounts to 86.1 per cent of respondents," the ZEW said.
The current conditions climbed to -2.7 in December from -12.2 points in November.
EUR/USD: the currency pair declined to $1.0912
GBP/USD: the currency pair fell to $1.4988
USD/JPY: the currency pair traded mixed
The most important news that are expected (GMT0):
13:30 Canada Foreign Securities Purchases October 3.35
13:30 U.S. Housing Starts November 1060 1135
13:30 U.S. Building Permits November 1161 1150
14:15 U.S. Capacity Utilization November 77.5% 77.4%
14:15 U.S. Industrial Production (MoM) November -0.2% -0.1%
14:15 U.S. Industrial Production YoY November 0.3%
14:45 U.S. Manufacturing PMI (Preliminary) December 52.8 52.6
15:30 U.S. Crude Oil Inventories December -3.568 -1.4
19:00 U.S. Fed Interest Rate Decision 0.25% 0.5%
19:00 U.S. FOMC Economic Projections
19:00 U.S. FOMC Statement
19:30 U.S. Federal Reserve Press Conference
21:45 New Zealand GDP q/q Quarter III 0.4% 0.8%
21:45 New Zealand GDP y/y Quarter III 2.4% 2.3%
23:50 Japan Trade Balance Total, bln November 111.5 -446.2
EUR/USD
Offers 1.0960 1.0985 1.1000 1.1025-30 1.1050 1.1065 1.1080-85 1.1100 1.1130 1.1150 1.1175 1.1200
Bids 1.0920-25 1.0900 1.0885 1.0865 1.0850 1.0830 1.0800 1.0785 1.0750 1.0730 1.0700
GBP/USD
Offers 1.5175-80 1.5200 1.5225 1.5240-50 1.5270 1.5285 1.5300
Bids 1.5125-30 1.5110 1.5100 1.5080 1.5065 1.5050 1.5030 1.5000
EUR/GBP
Offers 0.7300 0.7320 0.7350 0.7375 0.7400 0.7420 0.7450
Bids 0.7265 0.7250 0.7225-30 0.7200 0.7180 0.7165 0.7150
EUR/JPY
Offers 133.50 133.85 134.00 134.20-25 134.50 13475 135.00
Bids 133.00 132.80132.50 132.00 131.50 131.00 130.80 130.50
USD/JPY
Offers 122.20-25 122.50 122.80 123.00123.20 123.50 123.85 124.00
Bids 121.80 121.50 121.30 121.00 120.85 120.60-65 120.50 120.30 120.00 119.85 119.60 119.50
AUD/USD
Offers 0.7200 0.7220-25 0.7265 0.7285 0.7300 0.7320-25 0.7345-50 0.7375 0.7400
Bids 0.7180 0.7165 0.7150 0.7130 0.7100 0.7085 0.7065 0.7050 0.7020 0.7000
Markit Economics released its preliminary manufacturing purchasing managers' index (PMI) for France on Wednesday. France's preliminary manufacturing PMI rose to 51.6 in December from 50.6 in November, beating forecasts of a decline to 50.5.
France's preliminary services PMI decreased to 50.0 in December from 51.0 in November. Analysts had expected the index to fall to 50.8.
"French private sector output growth nearly ground to a halt at the end of 2015 amid faltering new business intakes. A slowdown in the dominant service sector was the driver, with some panellists indicating that their new business intakes had been impacted following the recent terrorist attacks," the Senior Economist at Markit Jack Kennedy said.
Markit Economics released its preliminary manufacturing purchasing managers' index (PMI) for Germany on Wednesday. Germany's preliminary manufacturing PMI climbed to 53.0 in December from 52.9 in November, in line with forecasts.
Germany's preliminary services PMI was down to 55.4 in December from 55.6 in November. Analysts had expected index to decline to 55.5.
"Germany's private sector companies ended the fourth quarter on a solid footing, with all key barometers of corporate health showing further improvements. While output and new orders increased at slightly weaker rates, growth remained above their respective long-term trends," Markit's economist Oliver Kolodseike noted.
Markit Economics released its preliminary manufacturing purchasing managers' index (PMI) for the Eurozone on Wednesday. Eurozone's preliminary manufacturing PMI rose to 53.1 in December from 52.8 in November. Analysts had expected the index to remain unchanged at 52.8.
Eurozone's preliminary services PMI fell to 53.9 in December from 54.2 in November, missing expectations for a fall to 54.1.
Growth of new business supported both indexes.
"The Eurozone economy enjoyed a comfortably solid end to 2015, though policymakers are likely to remain disappointed by the relatively modest pace of expansion and lack of inflationary pressures, given the stage of the recovery and the amount of stimulus already in place", Markit's Chief Economist Chris Williamson said.
He noted that data was signalling the Eurozone's economy could expand 0.4% in the fourth quarter, meaning that the economy grew 1.5% in 2015.
Eurostat released its final consumer price inflation data for the Eurozone on Wednesday. Eurozone's harmonized consumer price index fell 0.1% in November, beating expectations for a 0.2% drop, after a 0.1% increase in October.
On a yearly basis, Eurozone's final consumer price inflation increased to 0.2% in November from 0.1% in October, exceeding the preliminary reading of a 0.1% rise.
Restaurants and cafés prices were up 0.10% year-on-year in November, vegetables prices rose by 0.10%, fruit gained 0.08%, fuel prices for transport declined by 0.54%, heating oil prices decreased by 0.21%, while gas prices were down by 0.10%.
Eurozone's final consumer price inflation excluding food, energy, alcohol and tobacco fell to an annual rate of 0.9% in November from 1.1% in October, in line with the preliminary reading.
Eurostat released its trade data for the Eurozone on Wednesday. Eurozone's unadjusted trade surplus rose to €24.1 billion in October from €20.5 billion in September, exceeding expectations for a rise €21.5 billion.
Exports rose at an annual rate of 1.0% in October, while imports were flat.
The Office for National Statistics (ONS) released its labour market data on Wednesday. The U.K. unemployment rate fell to 5.2% in the August to October quarter from 5.3% in the July to September quarter. It was the lowest reading since three months to January 2006.
Analysts had expected the unemployment rate to remain unchanged at 5.3%.
The claimant count rose by 3,900 people in November, beating expectations for a rise by 1,500, after an increase of 200 people in October. October's figure was revised down from a 3,300 increase.
U.K. unemployment in the July to September period dropped by 110,000 to 1.71 million from the previous quarter.
Average weekly earnings, excluding bonuses, climbed by 2.0% in the August to October quarter, missing expectations for a 2.0% rise, after a 2.4% gain in the July to September quarter. The previous quarter's figure was revised down from a 2.5% increase.
Average weekly earnings, including bonuses, rose by 2.4% in the August to October quarter, missing expectations for a gain of 2.5%, after a 3.0% increase in the July to September quarter.
The Bank of England monitors closely the wages growth it considers when to start hiking its interest rate.
A survey by the ZEW Institute and Credit Suisse Group showed on Wednesday that Switzerland's economic sentiment index jumped to 16.6 in December from 0.0 in November.
"As in the previous months, the clear majority of survey respondents regard the present state of Switzerland's economy as being "normal". The group of analysts sharing this assessment has increased slightly and now amounts to 86.1 per cent of respondents," the ZEW said.
The current conditions climbed to -2.7 in December from -12.2 points in November.
The Reserve Bank of Australia Governor Glenn Stevens said in an interview with the Financial Review published Wednesday that the central bank could cut its interest rate further.
"The stated position of the board is that inflation is sufficiently low that, if it makes sense to ease a bit further to help the economy, then we can," he said.
He added that interest rate "can fall further if that's helpful".
Statistics New Zealand released its current account data on late Tuesday evening. New Zealand's seasonally adjusted current account deficit was NZ$1.8 billion in the third quarter, down NZ$322 million from the second quarter.
An increase in export earnings offset the rise in the overseas expenditure.
"Overseas visitor spending is driving our services surplus, which has grown each quarter since December 2013. On average, visitors spent more per person this quarter than last, which was the key driver for the increase in total expenditure," international statistics manager Jason Attewell said.
"The falling New Zealand dollar may also have been a factor in attracting visitors to New Zealand as the better exchange rate meant visitors could get more for their money," he added.
The Bank of Canada Governor Stephen Poloz said on Tuesday that the recovery of the Canadian economy was on track.
"Although Q3 was quite good, it was not necessarily the new trend line. We expected Q4 to be a little softer than Q3. So far, things have been more or less in line with the dynamic that we predicted," he said.
"We do think that the positives will be dominant in 2016," Poloz added.
USD/JPY:120.00-10 (USD 2bln) 121.00 (720m) 121.30-35 (350m)
EUR/USD:1.0900 (EUR 919m) 1.0945-50 (575m) 1.1000 (622m) 1.1100 (664m) 1.1200 (1.5bln)
EUR/GBP:0.7170 (EUR 350m)
AUD/USD:0.7245 (AUD 273m) 0.7350 (628m)
AUD/NZD:1.0950 (AUD 901m)
EUR / USD
Resistance levels (open interest**, contracts)
$1.1158 (7222)
$1.1093 (4396)
$1.1043 (4961)
Price at time of writing this review: $1.0953
Support levels (open interest**, contracts):
$1.0888 (549)
$1.0830 (1778)
$1.0773 (2216)
Comments:
- Overall open interest on the CALL options with the expiration date January, 8 is 55144 contracts, with the maximum number of contracts with strike price $1,1100 (7222);
- Overall open interest on the PUT options with the expiration date January, 8 is 66930 contracts, with the maximum number of contracts with strike price $1,0450 (8162);
- The ratio of PUT/CALL was 1.21 versus 1.23 from the previous trading day according to data from December, 15
GBP/USD
Resistance levels (open interest**, contracts)
$1.5303 (1593)
$1.5205 (1225)
$1.5108 (2529)
Price at time of writing this review: $1.5049
Support levels (open interest**, contracts):
$1.4991 (1818)
$1.4894 (2212)
$1.4797 (1395)
Comments:
- Overall open interest on the CALL options with the expiration date January, 8 is 18193 contracts, with the maximum number of contracts with strike price $1,5100 (2529);
- Overall open interest on the PUT options with the expiration date January, 8 is 18306 contracts, with the maximum number of contracts with strike price $1,5100 (3087);
- The ratio of PUT/CALL was 1.00 versus 1.00 from the previous trading day according to data from December, 15
* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.
** - Open interest takes into account the total number of option contracts that are open at the moment.
Economic calendar (GMT0):
Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual
01:35 Japan Manufacturing PMI (Preliminary) December 52.6 52.5
The U.S. dollar traded range-bound ahead of the Fed's anticipated interest rate decision later today. Investors expect the central bank of the U.S. to raise its interest rates for the first time since 2006. Several times Fed Chair Janet Yellen pointed to a possibility of a liftoff in interest rates at December meeting in case of sustained economic growth and lower unemployment rate. Last week data showed that the unemployment rate remained at record-low 5% in November, while the number of employed outside the farming sector rose by 211,000. Higher rates would support the USD.
The Australian dollar edged up amid RBA Governor Glenn Stevens' speech. He made no comments on the recent strength of the Australian dollar. Usually Stevens tries to intervene verbally against the AUD in an interview with Australian Financial Review ahead of the holiday season, but not this year. Stevens made optimistic comments on the country's economy. "I think the economy is handling the shock remarkably well," he said.
EUR/USD: the pair fluctuated within $1.0925-50 in Asian trade
USD/JPY: the pair traded within Y121.60-95
GBP/USD: the pair traded within $1.5035-55
The most important news that are expected (GMT0):
(time / country / index / period / previous value / forecast)
08:00 France Manufacturing PMI (Preliminary) December 50.6 50.5
08:00 France Services PMI (Preliminary) December 51 50.8
08:30 Germany Manufacturing PMI (Preliminary) December 52.9 53
08:30 Germany Services PMI (Preliminary) December 55.6 55.5
09:00 Eurozone Manufacturing PMI (Preliminary) December 52.8 52.8
09:00 Eurozone Services PMI (Preliminary) December 54.2 54.1
09:30 United Kingdom Average earnings ex bonuses, 3 m/y October 2.5% 2.3%
09:30 United Kingdom Average Earnings, 3m/y October 3% 2.5%
09:30 United Kingdom Claimant count November 3.3 1.5
09:30 United Kingdom ILO Unemployment Rate October 5.3% 5.3%
10:00 Eurozone Trade balance unadjusted October 20.5 21.5
10:00 Eurozone Harmonized CPI November 0.1% -0.2%
10:00 Eurozone Harmonized CPI ex EFAT, Y/Y (Finally) November 1.1% 0.9%
10:00 Eurozone Harmonized CPI, Y/Y (Finally) November 0.1% 0.1%
10:00 Switzerland Credit Suisse ZEW Survey (Expectations) December 0.0
12:00 U.S. MBA Mortgage Applications December 1.2%
13:30 Canada Foreign Securities Purchases October 3.35
13:30 U.S. Housing Starts November 1060 1135
13:30 U.S. Building Permits November 1161 1150
14:15 U.S. Capacity Utilization November 77.5% 77.4%
14:15 U.S. Industrial Production (MoM) November -0.2% -0.1%
14:15 U.S. Industrial Production YoY November 0.3%
14:45 U.S. Manufacturing PMI (Preliminary) December 52.8 52.6
15:30 U.S. Crude Oil Inventories December -3.568 -1.4
19:00 U.S. Fed Interest Rate Decision 0.25% 0.5%
19:00 U.S. FOMC Economic Projections
19:00 U.S. FOMC Statement
19:30 U.S. Federal Reserve Press Conference
21:45 New Zealand GDP q/q Quarter III 0.4% 0.8%
21:45 New Zealand GDP y/y Quarter III 2.4% 2.3%
23:50 Japan Trade Balance Total, bln November 111.5 -446.2
(pare/closed(GMT +2)/change, %)
EUR/USD $1,0929 -0,57%
GBP/USD $1,5040 -0,66%
USD/CHF Chf0,9913 +0,67%
USD/JPY Y121,67 +0,53%
EUR/JPY Y132,99 -0,02%
GBP/JPY Y182,94 -0,16%
AUD/USD $0,7199 -0,60%
NZD/USD $0,6765 +0,13%
USD/CAD C$1,3731 -0,01%
(time / country / index / period / previous value / forecast)
00:35 Japan Manufacturing PMI (Preliminary) December 52.6
08:00 France Manufacturing PMI (Preliminary) December 50.6 50.5
08:00 France Services PMI (Preliminary) December 51 50.8
08:30 Germany Manufacturing PMI (Preliminary) December 52.9 52.9
08:30 Germany Services PMI (Preliminary) December 55.6 55.5
09:00 Eurozone Manufacturing PMI (Preliminary) December 52.8 52.8
09:00 Eurozone Services PMI (Preliminary) December 54.2 54.1
09:30 United Kingdom Average earnings ex bonuses, 3 m/y October 2.5% 2.3%
09:30 United Kingdom Average Earnings, 3m/y October 3% 2.5%
09:30 United Kingdom Claimant count November 3.3 2
09:30 United Kingdom ILO Unemployment Rate October 5.3% 5.3%
10:00 Eurozone Trade balance unadjusted October 20.5 21.5
10:00 Eurozone Harmonized CPI November 0.1% -0.2%
10:00 Eurozone Harmonized CPI ex EFAT, Y/Y (Finally) November 1.1% 0.9%
10:00 Eurozone Harmonized CPI, Y/Y (Finally) November 0.1% 0.1%
10:00 Switzerland Credit Suisse ZEW Survey (Expectations) December 0.0
12:00 U.S. MBA Mortgage Applications December 1.2%
13:30 Canada Foreign Securities Purchases October 3.35
13:30 U.S. Housing Starts November 1060 1140
13:30 U.S. Building Permits November 1161 1150
14:15 U.S. Capacity Utilization November 77.5% 77.5%
14:15 U.S. Industrial Production (MoM) November -0.2% -0.1%
14:15 U.S. Industrial Production YoY November 0.3%
14:45 U.S. Manufacturing PMI (Preliminary) December 52.8 52.7
15:30 U.S. Crude Oil Inventories December -3.568
19:00 U.S. Fed Interest Rate Decision 0.25% 0.5%
19:00 U.S. FOMC Economic Projections
19:00 U.S. FOMC Statement
19:30 U.S. Federal Reserve Press Conference
21:45 New Zealand GDP q/q Quarter III 0.4% 0.8%
21:45 New Zealand GDP y/y Quarter III 2.4% 2.3%
23:50 Japan Trade Balance Total, bln November 111.5 -446.2