The first week of December will be quite busy with economic news. There are three rate decisions, Janet Yellen speech, and many more. US economy showed the very good results in the recent time: annual GDP gain 2.1% in the third quarter, jobless claims fell 12,000 last week to 260,000. On the other hand, problems in China economy reflect the problems in world economy. Will this fact be taken into account when US Federal Reserve will take the decision about rate? Let’s see. So here is the list of upcoming events on the week 49:
(All times are GMT)
On Tuesday, at 1:45am Caixin Manufacturing PMI (Purchasing Managers’ Index) will be distributed by Markit. With regard of present impact of the second biggest economy on the world, these data are quite crucial.
At 3:30am, the decision from Reserve Bank of Australia concerning Cash rate will be announced. RBA statement will follow.
At 9:00am Bank of England Governor Mark Carney speaks at a press conference about the Financial Stability Report and UK Bank Stress Testing, in London.
At 9:30am Markit will provide Great Britain Purchasing Managers’ Index (PMI).
At 1:30pm, Statistics Canada will issue information about monthly Gross Domestic Product (GDP).
At 3:00pm the Institute for Supply Management (ISM) will publish Purchasing Managers’ Index (PMI) in US.
At 11:30pm Reserve Bank of Australia (RBA) Governor Glenn Stevens speaks at the Australia-Israel Chamber of Commerce breakfast, in Perth.
On Wednesday, at 12:30am information about situation with Gross Domestic Product (GDP) in Australia will be provided by Australian Bureau of Statistics.
At 1:15pm US Non-Farm Employment Change will be announced by Automatic Data Processing, Inc. (ADP).
At 3:00pm Interest Rate Statement from Bank of Canada (BOC) and decision about interest rates are expected.
At 5:25pm Federal Reserve Chair Janet Yellen speaks about the US economic outlook at The Economic Club of Washington DC.
On Thursday, at 12:30am Australian Bureau of Statistics will publish monthly Trade Balance.
At 12:45pm European Central Bank will announce Minimum Bid Rate.
At 1:30pm President and Vice President of ECB will give their vision of economy situation at Press Conference. The press conference is about an hour long and has 2 parts – first a prepared statement is read, and then the conference is open to press questions. The questions often lead to unscripted answers that create heavy market volatility.
At 1:30pm numbers of US Unemployment Claims are expected from Department of Labor.
At 3:00pm US Federal Reserve Chair Janet Yellen testifies about monetary policy before the Joint Economic Committee, in Washington DC.
The same time, at 3:00pm the Institute for Supply Management (ISM) will provide US Non-Manufacturing Purchasing Managers’ Index (PMI).
On Friday, 12:30am Australian Bureau of Statistics will announce monthly Retail Sales.
At 1:30pm, simultaneously a lot of data from Statistics Canada will provided: Employment Change, Unemployment Rate and Trade Balance.
At the same time, at 1:30pm data from US labor market will arrive. As usually, US Non-Farm Payrolls data are published on the first Friday of month. And of course, US Unemployment Rate and changes in monthly Average Hourly Earnings are issued together with US NFP.
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