The main events of Wednesday!

On Wednesday, December 5, the day is full of data on business activity in the services sector, but in addition you should pay attention to the data on Australian GDP, the speech of the ECB President Draghi and the results of the Bank of Canada meeting.

At 02:30 – data on Australian GDP will be released:
– GDP (y/y) (Q3), forecast 3.3%, previous value 3.4%.
– GDP (q/q) (Q3),  forecast 0.6%,  previous value  0.9%.

At 03:45 – Caixin  business activity index in the service sector (PMI)  (November) of China,  forecast  50.7,  previous value 50.8.

At 10:30 – the ECB President Draghi will speak.

At 10:55  – business activity index in the German services sector (November), forecast  53.3,  previous value  53.3.

At 11:00 – data on the eurozone will be released:
– Markit Composite Business Activity Index (PMI) (November), forecast 52.4, previous value 52.4.
– Index of business activity in the services sector (November), forecast 53.1,  previous value  53.1.

At 11:30 –  business activity index in the services sector (November) in the UK, forecast 52.5, previous value 52.2.

At 12:00 –  retail sales (m/m) (October) of the eurozone,  forecast  0.2%,  previous value  0.0%.

At 15:30 – labor costs (q/q) (Q3) in the USA,  forecast  1.2%, previous value  1.2%.

At 16:45 –  data on business activity in the United States:
– Markit Composite Business Activity Index (PMI) (November), forecast 54.4, previous value 54.4.
– Index of business activity (PMI) in the services sector (November),  forecast 54.4, previous value  54.4.

At 17:00 – the results of the Bank of Canada meeting will be published:
– Bank of Canada rate statement .
– Interest rate decision,  forecast 1.75%, previous value 1.75%.

At 21:00 – the Beige Book of the Fed will be released.

Hanzenko Anton