Here are some of the important data that will be the focus of the market throughout the week.
China Inflation Data (Monday 9.30am): China's inflation rate for December 2020 will be assessed on whether the world's second-largest economy will end well in 2020. An increase in the rate of inflation will give a picture of declining consumer spending.
European Industrial Production (Wednesday 6.00 PM): With the pandemic crisis intensifying, the production sector for November is seen to continue to record declining readings.
US Inflation Data (Wednesday 9.30pm): The US inflation rate for December 2020 is expected to increase slightly but still remain in the low zone following the economy affected by the pandemic crisis.
ECB Meeting Minutes (Thursday 8.30pm): The minutes will provide clearer details of the latest meeting policies. Investors will scrutinize the minutes for future policy indicators.
UK Gross Domestic Product Data (Friday 3.00 PM): UK monthly GDP growth data shows a decline. A lower contraction is expected for November 2020.
US Retail Sales Data (Friday 9.30pm): The US retail sales rate in November declined lower with the latest reading expectations for December slightly higher but still low.
