Stock market investors will be attentive next week to the unemployment data in the US, and to the gross domestic product (GDP) in the eurozone, as they are indicators that they take as a reference to evaluate the dynamism of economic activity and the evolution of the disinflation process. . .
The week will begin with the publication of Germany’s trade balance for October, which will show the degree of dynamism of the German foreign sector in a context marked by the deterioration of global demand, as highlighted by Singular Bank analysts.
This Monday, the 4th, the unemployment data in Spain will also be published, investor confidence in the euro zone and the president of the European Central Bank (ECB), Christine Lagarde, will compare and be able to give some progress on the possible maintenance or increase of interest rates.
On Tuesday, the 5th, Spain’s industrial production data for October will be released, a sector in clear decline as shown by the industrial activity that, for the eighth consecutive month, fell in November. On the other hand, the auction of Spanish bills at 12 and 6 months will also be held on the same Tuesday.
One day later, on Wednesday the 6th, Germany’s factory orders and industrial production will be published, as well as the financial stability report from the Bank of England (BoE), and on Thursday, in this country, the Halifax index of housing prices.
An auction of 3- and 5-year bonds will also be held in Spain on Thursday, and the evolution of employment and gross domestic product (GDP) in the euro zone will be known.
In United States
On the other side of the ocean, the week will begin with the publication of durable goods and factory orders and the final PMIs of the services sector and the non-manufacturing ISM of the United States, which are expected to remain in expansion territory after the aforementioned improvement . by the leading indicator.
Investors’ attention will focus on the JOLTS survey of job vacancies and weekly crude oil reserves on Tuesday, while on Wednesday it will be the turn of the MBA purchasing index and the trade balance.
Unemployment claims in the US will be known on Thursday, and on Friday the non-agricultural payrolls for November, as well as the unemployment rate for that month.
According to CMC Markets analyst Luis Francisco Ruiz, in statements to EFE, the most notable data of the week will come on Friday with the publication of said unemployment data in the US.
In the Asia-Pacific region, the main macroeconomic reference will be known in the early hours of Tuesday the 5th, when the Caixin composite and services sector PMIs will be published.
In line with the level shown by the manufacturing sector indicator, a services PMI report is expected, driven by the recovery of domestic private consumption. Likewise, China’s trade balance data will be published on Thursday.
In this sense, the CMC Markets analyst has highlighted the importance of the data that the Chinese trade balance can provide due to the real estate crisis that the country is experiencing.
