Market activity is set to remain subdued next week, with stock markets in the UK, Australia, New Zealand and Canada closing on December 28th in observance of Boxing Day. Elsewhere, markets in Germany, Italy and Japan are scheduled to close on the last day of the year; while in the UK, France and Spain trading ends early on New Year's Eve.
In the US, notable publications are the advance estimates of both wholesale inventories and goods trade balance, alongside Case-Shiller home prices, pending home sales, Chicago PMI, and Dallas Fed Manufacturing Index. In addition, the weekly jobless claims report is expected to point to another sharp increase in the number of workers filing for unemployment benefits. Claims have hit a three-month high in mid-December, amid record increases in COVID-19 cases and new lockdowns across the country.
Elsewhere in America, Brazil, Chile and Colombia will be publishing updated data on the labor market situation.
In Europe, important releases are the UK Nationwide house prices; France registered unemployment; Switzerland KOF leading indicators and investor morale; Spain retail sales and flash inflation rate; Sweden foreign trade; and Turkey economic confidence index and trade balance.
In China, traders will turn their attention to December's PMI updates from the NBS, as well as industrial profits; while in Japan, the preliminary release of November's industrial production will be keenly watched. Elsewhere, South Korea will be publishing business and consumer morale, inflation data, industrial output, retail sales, and foreign trade; while India will be releasing current account and external debt for the July to September period, as well as infrastructure output and fiscal deficit for November.