The US durable goods orders, new home sales, Chicago Fed National Activity Index and Richmond Fed Manufacturing Index will be keenly watched in the coming week, alongside Japan monetary policy meeting minutes, industrial production, retail sales, unemployment and housing starts, China profits data, South Korea consumer morale, and Australia private sector credit.
12/20/2019 7:29:28 PM
Next week the economic calendar is light and market activity is expected to drop significantly as the Christmas holiday break begins. German stock market will close from December 24th to 26th; while in the US and the UK, trading ends early on Christmas Eve ahead of the stock market holiday on Christmas Day. Also, several stock markets across the globe will be closed on December 26th for Boxing Day.
The US durable goods orders are seen rising further in November, following a 0.6 percent growth in October; and new home sales are expected to rebound from a 0.7 percent drop. Other notable publications are Chicago Fed National Activity Index and Richmond Fed Manufacturing Index.
Elsewhere in America, key data to follow include Canada monthly GDP, Mexico unemployment and trade balance, and Brazil jobless rate.
In Europe, important releases are Germany import prices, France registered unemployment, Spain and Sweden retail trade, the Netherlands final GDP data and current account, Turkey manufacturing confidence, and Switzerland investor morale.
The Bank of Japan meeting minutes and the summary of opinions will be keenly watched for further clues on the next monetary policy steps. On the economic data front, important releases for Japan include November’s preliminary industrial output, retail sales, unemployment rate, all industry activity index, housing starts, and Tokyo inflation. Other key data for the Asia-Pacific region include: China industrial profits; South Korea consumer confidence; Australia private sector credit; Taiwan industrial output, jobless rate, retail sales; Thailand trade balance and industrial output; Singapore inflation and manufacturing production; and Sri Lanka interest rate decision.
In Africa, the Central Bank of Egypt will hold its monetary policy meeting, but no changes are expected, and South Africa will be releasing trade figures for November.