Here are some important economic data that will be the focus of the market throughout the week.
European Zone Manufacturing PMI Data (Monday 5.00 PM): The manufacturing sector in the European zone, especially in Germany, continues to show healthy reading numbers with the expectation that the latest reading will be good.
UK Manufacturing PMI Data (Monday 5.30pm): The manufacturing sector in the UK also remained at a high figure showing the best expansion in 3 years.
US Manufacturing PMI Data ISM Survey (Tuesday 11.00 PM): Despite facing a pandemic crisis with the highest number of cases in the world, the United States managed to keep the economic sector at a good pace until the new year.
FOMC Meeting Minutes (Thursday 3.00 AM): The published FOMC minutes will be the focus of investors to review the final policy details at the last meeting of 2020. With further easing by the Fed, the market will expect a dovish tone in minutes.
ECB Meeting Minutes (Thursday 8.30pm): European central bank will issue minutes for the November 2020 meeting. With low inflation levels, investors will be looking for clues for additional ECB easing plans in 2021.
US NFP Employment Report (Friday 9.30pm): Being the main focus data at the beginning of the month, employment data reports in the United States will have a big impact on financial markets. It is expected that employment figures will be lower for December 2020 while the unemployment rate is slightly higher.
Canadian Employment Report (Friday 8.30pm): Published with the NFP report, Canadian employment data will have an impact on Canadian dollar trading. In November, the unemployment rate recorded a fall for the sixth consecutive month.
