Week Ahead

The economic calendar is light next week, with market activity due to remain low as several bourses across the globe including those in the UK, Australia and Canada will remain closed on December 27-28 in the observance of Christmas and Boxing days. In addition, the German stock market will close on December 31, while in other European countries trading ends early on New Year’s Eve.

In the US, the Case-Shiller home price report for October is likely to show a slowdown in housing price growth, easing for a third consecutive month from July’s record high of 20 percent. Other important releases include pending home sales, Dallas Fed Manufacturing Index, Chicago PMI, and the advance estimates of wholesale inventories and goods trade balance.

Elsewhere in America, key data to watch for include Canada’s small business confidence, Mexico’s fiscal balance and Brazil’s jobless rate and public finances.

Across the Atlantic, the European Central Bank will be publishing its monetary indicators, while the UK will see the release of December’s house prices. Other notable publications are the preliminary reading of consumer price inflation rates for Spain and Russia, as well as France’s unemployment data, Swiss business morale, and Turkey’s manufacturing confidence and trade balance.

In Asia-Pacific, Japan is providing updated figures for unemployment rate, retail sales and industrial production. Other highlights for the region are China’s NBS PMI survey; South Korea’s inflation rate, foreign trade, business and consumer morale, industrial output and retail sales; Hong Kong’s trade figures; Thailand’s current account and industrial output; and Singapore’s producer prices.

Categories: AEX/AMX