The main events of the day

On Tuesday, December 5, the day is full of statistics on business activity in the services sector of the euro area and data on the United States.

Also, on this day, the market will focus on the results of the RBA meeting and the expectation of new data on tax reform in the US. In addition to the US data, the market monitors the Brexit negotiations, which have accelerated noticeably recently.

Crypto-currencies are trading near the highs while in the correction phase.

At 02:01 – the volume of retail sales in the UK from BRC (y/y), the previous value is -1.0%.

At 02:30 – publication of the volume of retail sales in Australia (m/m), the forecast is 0.3%, the previous value is 0.0%.

At 03:45 – announcement of the index of business activity in the service sector (PMI) of China by Caixin, the forecast is 51.5, the previous value is 51.2.

At 05:30 – publication of the Reserve Bank of Australia’s decision on the interest rate, the forecast is 1.50%, the previous value is 1.50%.

At 10:55 – the index of business activity in the German services sector, the forecast is 54.9, the previous value is 54.9.

At 11:00 – publication of the index of business activity in the services sector in the euro area, the forecast is 56.2, the previous value is 56.2.

At 11:30 – the index of business activity in the service sector of the UK, the forecast is 55.0, the previous value is 55.6.

At 12:00 – the announcement of the volume of retail sales in the euro area (m/m), the forecast is -0.7%, the previous value is 0.7%.

At 15:30 – the US trade balance, the forecast is -47,50D, the previous value is -43,50D.

Also, at 15:30 – release of the balance of Canada’s trade balance, the forecast is -2.70D, the previous value is -3.18D.

At 17:00 – data on employment and business activity in the US:
– The index of employment in the non-manufacturing sector (ISM) of the United States, the previous value is 57.5.
– The index of business activity in the non-manufacturing sector (PMI) of the USA by ISM, the forecast is 59.1, the previous value is 60.1.

At 23:35 – publication of the weekly stocks of crude oil in the US according to the American Petroleum Institute (API), the previous value is 1,821M.

Hanzenko Anton