Here are some important economic data that will be the focus of the market throughout the week.
German Manufacturing and Services PMI data (Monday 4.30pm): The European session earlier this week will publish manufacturing and services data in Europe with German data will be the main focus as the largest economy. The reading of the current data for November will give an idea of whether economic health remains good or deteriorating.
UK Manufacturing and Services PMI Data (Monday 5.30pm): Following on manufacturing and services PMI data in the UK with reading expectations slightly lower this month compared to the previous month.
US Manufacturing and Services PMI Data (Monday 10.45pm): In the New York session, the US economic sector will be evaluated through the reading of manufacturing and services PMI data for November.
German Business Climate Survey On Tuesday (Tuesday 5.00 PM): Data which is one of the measures of economic health in Germany through business review of the current market environment will give investors an indication of future business. However, there is an expectation that the survey reading will decline slightly in November.
US Gross Domestic Product Data (Wednesday 9.30pm): The latest reading of US GDP growth for the third quarter is expected to remain unchanged from the initial reading published last month which has been updated.
FOMC Meeting Minutes (Thursday 3.00 AM): Investors will focus on the minutes of the Federal Reserve (Fed) meeting for the November meeting for more details on monetary policy.
ECB Meeting Minutes (Thursday 8.30pm): The European Central Bank (ECB) will publish minutes of the October policy meeting. Investors will get guidance on the easing policy planned before the end of this year.
