The main events of the day

On Wednesday, December 6, the day promises to be full of statistics, but the special attention of the market will be riveted to data on Australia, the USA and Canada.

On this day, the market will also be focused on data on the US and the EU. Also, it is worth noting the change in the number of employed in the non-agricultural sector of the US by ADP. The publication will be released tomorrow and will have a significant impact on the market before Friday’s report on employment in the US.

At 02:30 – GDP data on Australia:
– GDP of Australia (y/y), the forecast is 3.0%, the previous value is 1.8%.
– Australia’s GDP (q/q/), the forecast is 0.7%, the previous value is 0.8%.

At 09:00 – publication of the volume of production orders in Germany (m/m), the forecast is -0.3%, the previous value is 1.0%.

At 10:15 – release of the consumer price index (CPI) of Switzerland (m/m), the forecast is 0.2%, the previous value is 0.1%.

At 15:15 – the change in number of employed in the non-agricultural sector of the US by ADP, the forecast is 185K, the previous value is 235K.

At 15:30 – a news block on the US:
– The level of productivity in the non-agricultural sector of the US (q/q), the forecast is 3.3%, the previous value is 3.0%.
– Labor costs in the US (q/q), the forecast is 0.2%, the previous value is 0.5%.

Also, at 15:30 – publication of the productivity in Canada (q/q), the previous value is -0.1%.

At 17:00 – announcement of the results of the meeting of the Bank of Canada:
– The accompanying statement of the Bank of Canada.
– The decision on the interest rate of the Bank of Canada, the forecast is 1.00%, the previous value is 1.00%.

At 17:30 – release of the oil reserves in the US:
– Reserves of crude oil in the US, the forecast is -3,507M, the previous value is -3,429M.
– Data on surplus oil reserves in Cushing (Oklahoma, USA), the previous value is -2.914M.

Hanzenko Anton