In the United States, investors will be closely watching balance of trade, factory orders and ISM non-manufacturing PMI. Other key data include: ISM New York Index; IBD/TIPP Economic Optimism; consumer credit change; and final figures for Markit services PMI; unit labor costs and productivity; and wholesale inventories. Elsewhere in America, traders will be looking to Canada interest rate decision, unemployment rate, trade balance, building permits, productivity, capacity utilization and Ivey PMI; Mexico inflation rate; and Brazil interest rate decision and inflation rate.
In the United Kingdom, important data to be released include trade balance, industrial production, construction output, Halifax house prices, construction and services PMIs, consumer inflation expectations and new car sales. Elsewhere in Europe, the ECB will provide an update on its monetary policy. Markets will also focus on the Eurozone third estimate of GDP growth, retail sales and final services PMI; Germany factory orders, industrial production, foreign trade and construction PMI; France industrial output and balance of trade; and Italy retail trade.
In China, analysts are eyeing external trade, inflation rate, producer prices and Caixin services PMI. Meanwhile in Japan, final figures for GDP growth, current account and average earnings will be in the spotlight. Other important data across Asia include Indonesia and Philippines inflation rate, and Malaysia interest rate decision.
In Australia, the RBA will give us an update on the course of monetary policy. Other important releases include: GDP growth, balance of trade, current account, retail sales, business inventories, company gross profits, AIG Services Index, home loans and investment lending for homes.