Week commencing 30th November 2020 : (All Times GMT / BST)
Overview:
The week kicks off with flash PMIs from around the globe, providing an insight into the global economy, but some slowdown from recent strength is expected.
US markets are closed on Thursday for Thanksgiving, so Wednesday sees a storm of US data to make up for the following day.
Note:
The following figures reflect the expectations of the market as of Sunday. You should obtain up-to-date expectations for each event as it draws nearer.
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Monday
1am – China mfg & non-mfg PMI (November): mfg PMI to fall to 51 and non-mfg to fall to 55.7. Markets to watch: China indices, CNH crosses
1pm – German CPI (November, preliminary): prices to fall 0.2%. YoY. Markets to watch: EUR crosses
2.45pm – US Chicago PMI (November): index to fall to 53 from 61.1. Markets to watch: USD crosses
3pm – US pending home sales (October): expected to rise 15.1% YoY. Markets to watch: USD crosses
11.30pm – Japan unemployment rate (October): forecast to drop to 2.9%. Markets to watch: JPY crosses
Tuesday
3.30am – RBA rate decision: no change in rates expected. Markets to watch: AUD crosses
8.55am – German unemployment rate (November): previous reading 6.2%. Markets to watch: EUR crosses
10am – eurozone CPI (November, flash): prices to fall 0.3% YoY, core CPI to rise 0.2%. Markets to watch: EUR crosses
1.30pm – Canada GDP (Q3): expected to rise 10% QoQ. Markets to watch: CAD crosses
3pm – US ISM mfg PMI (November): expected to fall to 57. Markets to watch: US indices, USD crosses
Wednesday
12.30am – Australia GDP (Q3): YoY growth to fall 5%. Markets to watch: AUD crosses
5am – Japan consumer confidence (November): index to fall to 33 from 36. Markets to watch: JPY crosses
10am – eurozone unemployment (October): unemployment rate to rise to 8.4%. Markets to watch: EUR crosses
1.15pm – US ADP employment report (November): payrolls to rise by 500K from 365K. Markets to watch: USD crosses
3.30pm – US EIA crude oil inventories (w/e 27 November): stockpiles fell by 750,000 barrels in the previous week. Markets to watch: Brent, WTI
Thursday
1.45am – China Caixin services PMI (November): expected to fall to 56.4. Markets to watch: CNH crosses
1.30pm – US initial jobless claims (w/e 28 November): claims to rise by 786K. Markets to watch: USD crosses
3pm – US ISM non-manufacturing PMI (November): index to fall to 56.2 from 56.6. Markets to watch: USD crosses
Friday
9.30am – UK construction PMI (November): index to fall to 48 from 53.1. Markets to watch: GBP crosses
1.30pm – US non-farm payrolls (November): payrolls to rise by 520K from 638K, unemployment rate to drop from 6.9% to 6.8%. Markets to watch: US indices, USD crosses
Source: Chris Beauchamp, Market Analyst