The main events of Friday!

On Friday, December 14, the day is full of data on business activity, among which the lion’s share is occupied by PMI data.

At 01:50 – news block on mood in Japan will be released:
– Tankan all big industry CAPEX (Q4), forecast 12.7%, previous value 13.4%.
– Tankan big manufacturing outlook index  (4Q), forecast 16, the previous value is 19.
– Tankan large manufacturers index  (Q4),  forecast 17,  previous value is 19.
– Tankan  large non-manufacturers index (Q4), forecast 21,  previous value 22.

At 04:00 – China data will be released:
– Fixed assets Investments (y/ y) (November), forecast  5.9%, previous value  5.7%.
– Industrial production (y/y) (November),  forecast  5.9%,  previous value  5.9%.
– Unemployment rate in China,  previous value  4.9%.

At 06:30 – industrial production (m/m) (October) in Japan, forecast 2.9%,  previous value 2.9%.

At 10:30 – data for Germany will be released:
– Index of business activity in the manufacturing sector (PMI) of Germany (December),  forecast 52.0,  previous value 51.8.
– Index of business activity in the services sector in Germany (December), forecast 53.5,  previous value of 53.3.

At 11:00 –  data on business activity in the euro area:
– Manufacturing PMI (Dec), forecast 51.9, previous 51.8.
– Markit Composite Business Activity Index (PMI) (December), forecast 52.8, previous value 52.7.
– Index of business activity in the services sector (December), forecast 53.5,  previous value  53.4.

At 15:30 – data on US retail sales:
– Core retail sales (m/m) (November),  forecast  0.2%,  previous value  0.7%.
– Retail sales (m/m) (November),  forecast  0.1%,  previous value  0.8%.

At 16:15 –  data on industrial production in the United States:
– Industrial Production (m/m) (November), forecast 0.3%, previous value 0.1%.
– Industrial Production (y/y),  previous value  4.1%.

At 16:45 – data on business activity in the United States:
– Manufacturing PMI (Dec), forecast 55.1, previous 55.3.
– Business PMI (Services PMI) (Dec), forecast 54.7, previous 54.7.

At 17:00 – business inventories (m/m) (October) in the USA,  forecast  0.6%,  previous value  0.3%.

At 20:00 –  number of Baker Hughes oil rigs in the USA,  previous value 877.

Hanzenko Anton