The main events of the day

On Thursday, December 7, market attention will be focused on data on the number of unemployment benefits in the US and data on the euro area’s GDP.

Also, on this day, the ECB head M. Draghi will deliver a speech. The market is still monitoring the data on tax reform in the US and negotiations on Brexit. But, approaching Friday’s report on employment in the US, the focus of the market shifts to statistics on employment in the US. Also, the market continues to assess the state of oil reserves in the US, which came out yesterday. In turn, the market of crypto currency is gaining popularity.

At 02:30 – release of Australia’s trade balance, the forecast is 1.410D, the previous value is 1.7945D.

At 04:45 – data on employment in Switzerland:
– Unemployment rate in Switzerland excluding seasonal changes, the forecast is 3.1%, the previous value is 3.0%.
– Unemployment rate in Switzerland with seasonal changes, the forecast is 3.1%, the previous value is 3.1%.

At 09:00 – publication of the volume of industrial production in Germany (m/m), the forecast is 1.0%, the previous value is -1.6%.

At 10:30 – data on real estate in the UK:
– The index of housing prices in the UK from Halifax (m/m), the forecast is 0.2%, the previous value is 0.3%.
– The index of housing prices in the UK from Halifax (y/y), the forecast is 3.9%, the previous value is 4.5%.

At 12:00 – announcement of the GDP of the eurozone:
– Eurozone GDP (q/q), the forecast is 0.6%, the previous value is 0.6%.
– Eurozone GDP (y/y), the forecast is 2.5%, the previous value is 2.5%.

At 15:30 – the number of initial applications for unemployment benefits in the US, the forecast is 240K, the previous value is 238K.

Also, at 15:30 – announcement of construction permits in Canada (m/m), the forecast is 1.5%, the previous value is 3.8%.

At 17:00 – release of the index of business activity in Canada by Ivey, the previous value is 63.8.

At 18:00 – the speech of the head of the ECB, Draghi.

Hanzenko Anton