Fundamental Weekly Outlook, Dec 14-18
EU:
• Monday: France Current Account (Previous -3.7B, Forecast N/A). Euro-Zone Employment QoQ (Previous -0.5%, Forecast N/A) & YoY (Previous -1.8%, Forecast N/A). Euro-Zone Industrial Production MoM (Previous 0.3%, Forecast -0.7%) & YoY (Previous -12.9%, Forecast -10.8%).
• Tuesday: France Consumer Price Index (CPI) MoM (Previous 0.1%, Forecast 0.2%) & YoY (Previous -0.2%, Forecast 0.4%). Germany ZEW Survey Economic Sentiment (Previous 51.1, Forecast 50.0), ZEW Survey Current Situation (Previous -65.6, Forecast -60.1).
• Wednesday: France PMI Manufacturing (Previous 54.4, Forecast 54.8) & PMI Services (Previous 60.9, Forecast 60.0). Germany PMI Manufacturing (Previous 52.4, Forecast 52.6) & PMI Services (Previous 51.4, Forecast 51.9). Euro-Zone PMI Manufacturing (Previous 51.2, Forecast 51.5) & PMI Services (Previous 53.0, Forecast 53.2). Euro-Zone Consumer Price Index (CPI) MoM (Previous 0.2%, Forecast 0.2%) & YoY (Previous 0.6%, Forecast 0.6%).
• Friday: Germany Producer Price Index (PPI) MoM (Previous 0.0%, Forecast 0.2%) & YoY (Previous -7.6%, Forecast -5.9%). France Business Confidence Indicator (Previous 89, Forecast 91). Germany IFO – Business Climate (Previous 93.9, Forecast 94.5), IFO – Current Assessment (Previous 89.1, Forecast 90.0), IFO – Expectations (Previous 98.9, Forecast 99.0). Euro-Zone Current Account (Previous 3.7B, Forecast 5.8B).
US:
• Tuesday: Producer Price Index (PPI) MoM (Previous 0.3%, Forecast 0.8%) & YoY (Previous -1.9%, Forecast 1.7%). Core Producer Price Index (PPI) MoM (Previous -0.6%, Forecast 0.2%) & YoY (Previous 0.7%, Forecast 0.9%). Industrial Production (Previous 0.1%, Forecast 0.5%), Capacity Utilization (Previous 70.7%, Forecast 71.1%).
• Wednesday: Consumer Price Index (CPI) MoM (Previous 0.3%, Forecast 0.4%) & YoY (Previous -0.2%, Forecast 1.8%). Core Consumer Price Index (CPI) MoM (Previous 0.2%, Forecast 0.1%) & YoY (Previous 1.7%, Forecast 1.8%). Current Account (Previous -98.8B, Forecast -106.0B), Housing Starts (Previous 529K, Forecast 575K), Building Permits (Previous 552K, Forecast 570K), Fed Rate Decision (Previous 0.25%, Forecast 0.25%).
• Thursday: Initial Jobless Claims (Previous 474K, Forecast 466K), Leading Indicators (Previous 0.3%%, Forecast 0.7%), Philadelphia Fed. (Previous 16.7, Forecast 15.8), Bernanke Confirmation Vote Held in Senate Banking Committee.
JP:
• Monday: Tankan Manufacturers Index (Previous -33, Forecast -27). Industrial Production MoM (Previous 0.5%, Forecast N/A) & YoY (Previous -15.1%, Forecast N/A).
• Wednesday: Tertiary Industry Index MoM (Previous -0.5%, Forecast 0.5%). Machine Tool Orders YoY (Previous -8.6%, Forecast N/A).
• Thursday: Leading Index CI (Previous 89.7, Forecast N/A).
• Friday: BOJ Target Rate (Previous 0.1%, Forecast N/A).
UK:
• Tuesday: Consumer Price Index (CPI) MoM (Previous 0.2%, Forecast 0.2%) & YoY (Previous 1.5%, Forecast 1.8%).
• Wednesday: Jobless Claims Change (Previous 12.9K, Forecast 12.5K), ILO Unemployment Rate (Previous 7.8%, Forecast 7.9%).
• Thursday: Retail Sales MoM (Previous 0.4%, Forecast 0.5%) & YoY (Previous 3.4%, Forecast 3.7%). Bank of England Quarterly Inflation Report (Text Report).
AU:
• Tuesday: Reserve Bank’s Board December Minutes (Text Report).
• Wednesday: Westpac Leading Index MoM (Previous 0.9%, Forecast N/A). Gross Domestic Product QoQ (Previous 0.6%, Forecast 0.4%) & YoY (Previous 0.6%, Forecast 0.7%).
• Thursday: New Home Sales (Previous -6.0%, Forecast N/A).
CA:
• Tuesday: Leading Indicators MoM (Previous 0.7%, Forecast N/A).
• Thursday: Consumer Price Index (CPI) MoM (Previous -0.1%, Forecast 0.3%) & YoY (Previous 0.1%, Forecast 0.8%). Core Consumer Price Index (CPI) MoM (Previous 0.1%, Forecast 0.1%) & YoY (Previous 1.8%, Forecast 1.2%).
• Friday: Wholesale Sales (Previous 0.2%, Forecast 0.1%)
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Fundamental analysis written by Munther Marji for Forexpros
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