The main events of the day
On Tuesday, December 12, the day is full of statistical data, but the market will be mainly focused on inflation in the UK, economic sentiment in the euro area, the US statistics and the speech of ECB head, Draghi.
The dynamics of the market remains very restrained because of the expectations of the meeting results of the world’s central banks, from which it is expected to receive hints for the next year. Also, the market monitors the dynamics of the crypto-currencies, which are updating historical highs.
At 02:30 – publication of the statistics on Australia:
– The index of housing prices in Australia (q/q), the forecast is 0.6%, the previous value is 1.9%.
– The index of business confidence of Australia by NAB, the previous value is 8.
At 08:30 – the index of business activity in the services sector of Japan (m/m), the forecast is 0.2%, the previous value is -0.2%.
At 11:30 – announcement of the inflation figures in the UK:
– Consumer Price Index (CPI) in the UK (m/m), the forecast is 0.2%, the previous value is 0.1%.
– Consumer Price Index (CPI) in the UK (y/y), the forecast is 3.0%, the previous value is 3.0%.
– Purchasing Producer Price Index in the UK (m/m), the forecast is 1.5%, the previous value is 1.0%.
At 12:00 – data on the economic sentiment in the euro area:
– The index of the current economic conditions by ZEW in Germany, the forecast is 88.5%, the previous value is 88.8%.
– ZEW economic sentiment index in Germany, the forecast is 18.0, the previous value is 18.7.
– The index of economic sentiment by ZEW in the euro area, the forecast is 30.2, the previous value is 30.9.
At 15:30 – release of data on the US:
– Basic producer price index (PPI) in the USA (m/m), the forecast is 0.2%, the previous value is 0.4%.
– Producer Price Index (PPI) in the USA (m/m), the forecast is 0.4%, the previous value is 0.4%.
At 21:00 – publication of a report on the implementation of the US federal budget, the forecast is -134.0D, the previous value is -63.0D.
Also, at 21:00 – the speech of the head of the ECB, Draghi.
At 23:35 – announcement of the weekly stocks of crude oil in the US according to the American Petroleum Institute (API), the previous value is -5,481M.
Hanzenko Anton