Financial Market Preview for December 28-31

As the year winding down, markets are likely to experience another slow week with little movement and low trading volume across the financial markets. This short week includes several reports that will be published including: China manufacturing PMI, Japan’s retail sales, U.S. pending home sales, EU monetary development, U.S. consumer confidence. So let’s review the main reports for the week of December 28th to 31st.

(All times GMT):

Monday, December 28th

23:50 – Japan’s Retail Sales: In the previous report for November 2015, retail sales rose by 1.8%;

Tuesday, December 29th

15:00 – U.S. Consumer Confidence: According to the last report for November, consumer confidence index fell again to 90.4;

Wednesday, December 30th

09:00 – Euro Area Monetary Development: This monthly report will refer to the changes of the M3, M1 and loans to private sector in the Euro area as of November 2015. In the October report, the annual growth rate for M3 rose to 5.3%;

15:00 – U.S. Pending Home Sales: This report shows the developments in pending home sales in the U.S during November; in the previous update for October, pending home sales index inched up by 0.2% (month-over-month);

15:30 – U.S Crude Oil Stockpiles Weekly update: The EIA (Energy Information Administration) will release its weekly report on the U.S oil and petroleum stockpiles for the week ending on December 24th;

Thursday, December 31st

13:30 – U.S. Jobless Claims Weekly Report:  This weekly report will refer to the changes in the initial jobless claims for the week ending on December 24th; in the recent report, jobless claims slipped to 267K;

02:00 – China Manufacturing PMI: The Manufacturing PMI edged down to 49.6 – i.e. China’s manufacturing sectors are contracting at a faster pace;

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