SMFX

The week ahead will see a slew of top-tiered data releases before the holidays kickoff in the final two weeks of December. We start the week with the flash Markit PMIreadings for the US, Eurozone, UK and Japan that provide the latest gauge of manufacturing and services sectors across these major economies.
In the US, main highlight will be the final reading of US 3Q GDP growth alongside the PersonalOutlay Report that publishes personal income, personal spending and core PCE inflation. Other key readings are housing data such as housing starts, buildingpermits, NAHB Housing Market Index and existing home sales, industrial production, regional manufacturing surveys (NY Fed Empire State, Phily Fed and Kansas City Indexes) as well as University of Michigan Consumer Sentiment Index.
In Europe, the flash HICP inflation rate for the Eurozone, trade report as well as theflash consumer confidence index is due next week.
It will be another busy week for the UK as the Bank of England meets for the last time in 2019 and the data docket comprises of such top-tiered data as CPI, job numbers, retail sales, CBI trends total orders index as well as the final 3Q GDP growth reading. The BOE is widely expected to leave bank rate unchanged.
Meanwhile in Japan, the BOJ will also announce its monetary policy decision and data due include trade numbers and CPI.
Downunder, we will also be expecting the RBA’s latest meeting minutes whereas data include home loans and investment lending figures and wednesdays all important jobs data.