Here are some important economic data that will be the focus of the market throughout the week.
German Industrial Production (Monday 3.00 PM): The production sector in Germany will be evaluated as Europe's largest economy to give investors an idea of the current state of economic health. The reading expectation increased slightly after the previous reading failed to meet expectations.
German Economic Sentiment ZEW Survey (Tuesday 6.00 PM): Survey data of institutional investors in Germany showed a drop in reading numbers in November but the latest reading is expected to rise again.
China Inflation Data (Wednesday 9.30am): Inflation rates in China will also be the focus of investors with the world's second largest economic health indicators will affect the global market. Concerns are in anticipation of China’s declining annual inflation readings.
Central Bank of Canada Policy Meeting (Wednesday 11.00 PM): The Bank of Canada (BOC) is expected to continue to keep interest rates at a low of 0.25% following the decline since March.
UK Gross Domestic Product Data (Thursday 3.00 PM): UK GDP growth for October is forecast to continue to decline after data readings continue to decline for 3 consecutive months. Readings for October are expected to be 0.4% lower than the previous 1.1% reading.
European Central Bank Policy Meeting (Thursday 8.45pm): Being the focus this week, the European Central Bank (ECB) is expected to increase policy easing with analysts expecting up to 600 billion Euros for fund injection.
US Inflation Data (Thursday 9.30pm): US inflation rates remain low with the effects of a slow economic recovery. Also co-published are US unemployment benefit claim data that will provide an overview of consumer spending in the US.
