Week Ahead


Next week, the most important data for the US include FOMC minutes, non-farm payrolls, unemployment rate, wage growth, trade balance, ISM PMIs, factory orders, construction spending and ADP employment change. Investors will also be looking for updated worldwide manufacturing and services PMIs; the UK monetary indicators; the Eurozone inflation; Germany retail trade and unemployment; and Australia foreign trade.

Markets across the US, Europe and Asia will be closed on Monday for the New Year's Day holiday, and will reopen on Tuesday.

In the US, traders will be waiting for the FOMC minutes release for further clues on the timing of the next Fed rate hike. In addition, important data to be published include: nonfarm payrolls; unemployment rate; wage growth; trade balance; ISM manufacturing and non-manufacturing PMIs; factory orders; construction spending; ADP employment change; total vehicle sales; Challenger job cuts; ISM New York Index; and final Markit PMIs.

The UK will publish monetary indicators, Markit PMIs and Nationwide house prices. Elsewhere in Europe, markets will focus on final PMI readings for the Euro Area, Germany and France and the first release for Spain and Italy. The Eurostat will also publish the preliminary reading of inflation for the Eurozone, and Germany will release unemployment and retail trade.

China will release figures for manufacturing and non-manufacturing PMIs from both the statistical office and Caixin, while in Japan investors will be waiting for Nikkei manufacturing and services PMIs. 

In Australia, key data to watch for will be foreign trade and AIG manufacturing and services indices.

Other important releases include: Canada unemployment, trade balance and Ivey PMI; Brazil industrial production and foreign trade; Singapore GDP growth; Indonesia and Philippines inflation; South Korea trade balance; and India Nikkei PMIs.



Joana Ferreira | joana.ferreira@tradingeconomics.com
12/29/2017 6:42:53 PM



 


Friday December 29 2017 Actual Previous Consensus
12:30 AM
AU
Private Sector Credit MoM NOV 0.5% 0.4%
12:30 AM
AU
Private Sector Credit YoY NOV 5.4% 5.3%
05:30 AM
NL
Business Confidence DEC 8.9 9.1
07:00 AM
TR
Balance of Trade NOV $-6.32B $-7.29B ®
08:00 AM
ES
Inflation Rate YoY Prel DEC 1.2% 1.7%
11:00 AM
BR
Unemployment Rate NOV 12% 12.2%
11:30 AM
RU
Inflation Rate YoY Prel DEC 2.5% 2.5%
12:00 PM
CL
Unemployment Rate NOV 6.5% 6.7%
01:00 PM
DE
Inflation Rate YoY Prel DEC 1.7% 1.8%
04:00 PM
CO
Unemployment Rate NOV 8.4% 8.6%
Sunday December 31 2017 Actual Previous Consensus
01:00 AM
CN
Non Manufacturing PMI DEC 55.0 54.8
01:00 AM
CN
NBS Manufacturing PMI DEC 51.6 51.8
11:00 AM
IL
GDP Growth Rate QoQ 2nd Est Q3 0.9% 0.7% ®
Monday January 01 2018 Actual Previous Consensus
12:00 AM
KR
Balance of Trade DEC $5.80B $7.60B ®
10:30 PM
AU
AIG Manufacturing Index DEC 56.2 57.3
Tuesday January 02 2018 Actual Previous Consensus
12:00 AM
SG
GDP Growth Rate YoY Adv Q4 3.1% 5.4% ®
12:00 AM
SG
GDP Growth Rate QoQ Adv Q4 2.8% 9.4% ®
01:45 AM
CN
Caixin Manufacturing PMI DEC 51.5 50.8
04:00 AM
ID
Inflation Rate YoY DEC 3.61% 3.3%
08:15 AM
ES
Markit Manufacturing PMI DEC 55.8 56.1
08:45 AM
IT
Markit/ADACI Manufacturing PMI DEC 57.4 58.3
08:55 AM
DE
Markit Manufacturing PMI Final DEC 63.3 62.5
09:00 AM
AT
Unemployment Rate DEC 9.4% 8.2%
09:00 AM
EA
Markit Manufacturing PMI Final DEC 60.6 60.1
09:30 AM
GB
Markit/CIPS Manufacturing PMI DEC 56.3 58.2
10:00 AM
BG
Interest Rate Decision 0% 0%
11:00 AM
SA
GDP Growth Rate YoY Q3 -0.43% -1.03%
02:45 PM
US
Markit Manufacturing PMI Final DEC 55.1 53.9
05:00 PM
BR
Balance of Trade DEC $5B $3.55B
Wednesday January 03 2018 Actual Previous Consensus
07:00 AM
DE
Unemployment Rate Harmonised NOV 3.6% 3.7% ®
07:00 AM
NO
Unemployment Rate OCT 4% 4%
07:00 AM
TR
Inflation Rate YoY DEC 11.92% 12.98%
08:00 AM
ES
Unemployment Change DEC -61.5K 7.3K
08:30 AM
CH
SVME Manufacturing PMI DEC 65.2 65.1
08:55 AM
DE
Unemployment Rate DEC 5.5% 5.5% ®
08:55 AM
DE
Unemployment Change DEC -29K -20K ®
09:00 AM
ES
Consumer Confidence DEC 102.5 100.5
09:30 AM
GB
Construction PMI DEC 52.2 53.1
01:00 PM
PL
Inflation Rate YoY Flash DEC 2% 2.5%
01:00 PM
SG
SIPMM Manufacturing PMI DEC 52.8 52.9
03:00 PM
US
ISM Manufacturing Employment DEC 57.0 59.7
03:00 PM
US
Construction Spending MoM NOV 0.8% 0.9% ®
03:00 PM
US
ISM Manufacturing PMI DEC 59.7 58.2
07:00 PM
US
FOMC Minutes
09:00 PM
US
Total Vehicle Sales DEC 17.85M 17.48M
10:30 PM
AU
AIG Services Index DEC 52.0 51.7
11:30 PM
US
API Crude Oil Stock Change 29/DEC -4.992M -6M
Thursday January 04 2018 Actual Previous Consensus
01:45 AM
CN
Caixin Services PMI DEC 53.9 51.9
07:00 AM
GB
Nationwide Housing Prices YoY DEC 2.6% 2.5%
07:00 AM
GB
Nationwide Housing Prices MoM DEC 0.6% 0.1%
08:00 AM
HU
Unemployment Rate NOV 3.8% 4%
08:15 AM
ES
Markit Services PMI DEC 54.6 54.4
08:45 AM
IT
Markit/ADACI Services PMI DEC 55.4 54.7
09:30 AM
GB
Mortgage Lending NOV £3.5B £3.35B ®
09:30 AM
GB
BoE Consumer Credit NOV £1.4B £1.362B ®
09:30 AM
GB
Mortgage Approvals NOV 65.14K 64.89K ®
09:30 AM
GB
Markit/CIPS UK Services PMI DEC 54.2 53.8
01:15 PM
US
ADP Employment Change DEC 250K 185K ®
02:00 PM
MX
Business Confidence DEC 49.6 49.2 ®
02:45 PM
US
Markit Composite PMI Final DEC 54.1 54.5
02:45 PM
US
Markit Services PMI Final DEC 53.7 54.5
04:00 PM
US
EIA Crude Oil Stocks Change 29/DEC -7.419M -4.609M
04:00 PM
US
EIA Gasoline Stocks Change 29/DEC 4.813M 0.591M
06:30 PM
US
Fed Bullard Speech
Friday January 05 2018 Actual Previous Consensus
12:30 AM
AU
Balance of Trade NOV A$-0.628B A$-0.302B ®
01:00 AM
PH
Inflation Rate YoY DEC 3.3% 3.3%
04:00 AM
MY
Balance of Trade NOV MYR10B MYR10.6B
07:00 AM
DK
Unemployment Rate NOV 4.3% 4.3%
07:00 AM
DE
Retail Sales MoM NOV 2.3% -1.0% ®
07:00 AM
DE
Retail Sales YoY NOV 4.4% -0.9% ®
07:45 AM
FR
Consumer Confidence DEC 105 103 ®
07:45 AM
FR
Inflation Rate YoY Prel DEC 1.2% 1.2%
08:30 AM
DE
Construction PMI DEC 53.7 53.1
09:20 AM
ID
Consumer Confidence DEC 126.4 122.1
10:00 AM
EA
Core Inflation Rate YoY Flash DEC 0.9% 0.9%
10:00 AM
EA
Inflation Rate YoY Flash DEC 1.4% 1.5%
10:00 AM
IT
Inflation Rate YoY Prel DEC 0.9% 0.9%
11:00 AM
BR
Industrial Production YoY NOV 4.7% 5.5% ®
01:30 PM
CA
Employment Change DEC 78.6K 79.5K
01:30 PM
CA
Full Time Employment Chg DEC 23.7K 29.6K
01:30 PM
CA
Part Time Employment Chg DEC 54.9K 49.9K
01:30 PM
CA
Participation Rate DEC 65.8% 65.7%
01:30 PM
CA
Unemployment Rate DEC 5.7% 5.9%
01:30 PM
CA
Balance of Trade NOV C$-2.54B C$-1.55B ®
01:30 PM
US
Average Hourly Earnings MoM DEC 0.3% 0.1% ®
01:30 PM
US
Participation Rate DEC 62.7% 62.7%
01:30 PM
US
Unemployment Rate DEC 4.1% 4.1%
01:30 PM
US
Balance of Trade NOV $-50.5B $-48.9B ®
01:30 PM
US
Non Farm Payrolls DEC 148K 252K ®