Watch Fed minutes and U.S. jobs report

Genevieve Signoret

Macro Views

Events in red are those most likely to shake markets.

Saturday 3

  • China: NBS nonmanufacturing PMI (Dec).

Monday 5

  • Global: Markit services PMIs (Dec).
  • Germany: Consumer prices (Dec, flash). Consensus: 0.2% y/y (from 0.5% in Dec).
  • Turkey: Consumer prices (Dec, flash).
  • USA: Light vehicle sales (Dec).

Tuesday 6

  • USA: Markit services PMI (Dec), ISM nonmanufacturing (Dec).

Wednesday 7

  • Euro Area: Unemployment rate (Nov).
  • USA: Foreign trade (Nov), monetary policy meeting minutes (Dec 16-17). The last meeting was marked by three dissents (one by a dove, two by hawks) and by a change in language in the statement: whereas before it said the FOMC would wait for a considerable time following the end of its asset purchase program before beginning to normalize its monetary policy stance, now it says the FOMC will be patient.

Thursday 8 

  • Euro Area: Governing Council of the ECB: non-monetary policy meeting.
  • Turkey: Industrial production (Nov).
  • USA: Consumer credit (Nov), unemployment claims (Jan 3).
  • Brazil: Industrial production (Nov).
  • Mexico: Consumer prices (Dec).

Friday 9

  • Germany: Foreign trade (Nov), industrial production (Nov).
  • UK: Foreign trade (Nov), industrial production, monetary policy meeting. Consensus and TransEconomics: rate unchanged at 0.50% and asset purchase program unchanged at £375 Bn.
  • USA: Nonfarm payrolls and unemployment rate (Dec), Fed speech: Kocherlakota. In November, the U.S. economy experienced the biggest nonfarm payroll increase since 1999. In 2014, the U.S. labor market recovered much faster than expected. Consensus: nonfarm payrolls change +240K (from +321K in Nov), unemployment rate: 5.7% (from 5.8% in Nov).
  • Brazil: Consumer prices (Dec).
  • Mexico: Consumer confidence (Dec).    

Update History:

  • 5 Jan 2015: “Euro Area: Governing Council of the ECB: non-monetary policy meeting.  Consensus and TransEconomics: rate unchanged at 0.15%, asset purchase program expanded to include sovereign bonds on secondary markets.
Comentarios: Deje su comentario.