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Weekly Outlook: 2016, December 18 - December 25

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The dollar soared, in particular against the euro and the yen, as the Fed introduced its hawkish hike. A rate decision from Japan, GDP data from New Zealand, Canada and the US, as well as durable goods orders, stand out in the week leading to Christmas.

  1. German Ifo Business Climate: Monday, 9:00. Economists expect both the Brexit vote and Trump’s election will take their toll on the economy at a later stage. German business German business sentiment is expected to climb to 110.7 this month.
  2. Japan rate decision: Tuesday. The bank expects to reach its inflation target only at 2018.
  3. US Crude Oil Inventories: Wednesday, 15:30.
  4. New Zealand GDP: Wednesday, 21:45. New Zealand’s growth rate for the third quarter is estimated at 0.8%.
  5. US Durable Goods Orders: Thursday, 13:30. Economists expect core orders to climb 0.2% this time.
  6. US GDP data: Thursday, 13:30. US third quarter GDP is estimated to reach 3.3%.
  7. US Unemployment claims: Thursday, 13:30. New jobless claims are expected to reach 255,000 this week.
  8. Canadian GDP data: Friday, 13:30. Canadian GDP is expected to gain 0.1% in September.


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This post first appeared on Activity Stream - Newdigital World, please read the originial post: here

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Weekly Outlook: 2016, December 18 - December 25

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