In the US, the most important releases will be the advance estimate of GDP growth for the third quarter, durable goods orders, pending and new home sales, flash Markit PMIs, and the final reading of Michigan Consumer Sentiment. Other important data include: Chicago Fed National Activity Index; Richmond Fed Manufacturing Index; house price index; Kansas Fed Manufacturing Index; and advance estimates of goods trade balance and wholesale inventories.
In the UK, investors will be closely watching the preliminary estimate of GDP growth, CBI factory orders and BBA mortgage approvals. Elsewhere in Europe, the ECB will provide an update on its monetary policy. Markets will also focus on flash PMI data for the Eurozone, Germany and France; the Eurozone preliminary reading of consumer confidence; Germany, France and Italy business and consumer sentiment; and Spain unemployment rate.
In Japan, the general election will take place on Sunday, and important data to be released include inflation rate and Nikkei Manufacturing PMI. Meanwhile in Australia, consumer price inflation, producer inflation and foreign trade prices will be in the spotlight.
Other important releases include: Canada, Brazil, Sweden, Norway, Turkey and Russia interest rate decisions; South Korea GDP growth; China house prices; and Mexico and New Zealand trade balance.