This week we have a number of significant events scheduled that will trigger volatility in the market. The RBA interest rate decision will be released on Monday overnight, whilst on Wednesday the ADP employment change will come out.
Moreover, on Thursday, Eurozone’s GDP for Q3 will be published and is forecasted to remain the same. All eyes will turn to Friday’s NFP which is expected to add fewer jobs than the previous month.
The week is starting with the sentix investor confidence in Europe, for December which is expected to fall to 33.6 from 34.0 in November. In the U.K., the construction PMI is expected to rise to 51.2 in November from 50.8 before. Later, in Eurozone, the producer price index for October is forecasted to fall to 0.3% mom from 0.6% mom the previous month. In the U.S., factory orders of October are forecasted to tick lower to 0.0% month-over-month from 1.4% before. Overnight, the RBA rate statement as well as the interest rate decision will be released.
Read the full financial markets weekly outlook on JFD Research.