Analysts at Danske Bank offer to look out for the expected finalization and signing of the U.S.-China phase-one deal in early January.

• "In the US in coming weeks, focus is set to be on the ISM manufacturing index, the December jobs report, FOMC minutes and the impeachment process. We believe employment growth remains solid - at least soft survey indicators suggest so.
• In the euro area, focus is on preliminary HICP inflation figures and German industrial production for November. Despite improvement in soft indicators, German industrial production in October was lacklustre.
• In the UK, the monthly GDP estimate for November should shed light on whether the economy continues to move sideways.
• In China, we expect Caixin PMI manufacturing to come down from its very high levels, while the NBS PMI manufacturing should be broadly unchanged."