Here are some important economic data that have been the focus of the market throughout the week.
German Manufacturing and Services PMI data (Wednesday 4.30pm): A preliminary version of the report to measure Europe's largest economy whether it grows or shrinks will be an indicator for investors. The reading expectations for December recorded good numbers.
US Manufacturing and Services PMI data (Wednesday 10.45pm): Although the United States is seen to be facing the latest wave of pandemics, the manufacturing and services sectors have been showing strong activity since August.
FOMC Meeting (Thursday 3.00 AM): Focusing on investors, the Federal Reserve (Fed) is expected to continue to maintain interest rates at 0.25%. However, follow-up statements by members of the meeting and the governor will provide guidance on the central bank's policy in the future.
Australian Employment Report (Thursday 8.30am): The market will expect the Australian economy to record lower employment growth for November compared to the previous month's surge. The unemployment rate is expected to remain unchanged.
Swiss Central Bank Policy Meeting (Thursday 4.30pm): The Swiss National Bank (SNB) is expected to continue to keep interest rates at a low of -0.75% while the central bank's follow-up statement will be focused.
Central Bank of England Policy Meeting (Thursday 8.00pm): The Bank of England (BOE) is expected to continue to maintain interest rates at 0.10% after the central bank downgraded to March.
Japan Central Bank Policy Meeting (Friday): The Bank of Japan (BOJ) is still expected to maintain a low interest rate of -0.10% with the legacy of Abenomics being continued by the new Prime Minister of Japan.
