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Weekly Outlook: Dec 09 – Dec 13: UK General Elections, FOMC, ECB and SNB Rate Decisions

JFD

And the time has come! On Thursday, we have the UK general elections. Polls point to a Tory victory, something that could open the door for ratifying the Brexit deal agreed between UK PM Johnson and the EU. Apart from the elections, we also have three central banks deciding on interest rates: the FOMC, the ECB and the SNB. All three are anticipated to keep their respective policies unchanged and thus, the focus will be on signals and hints with regards to their future course of action.

Monday appears to be a relatively light day, with the only indicators worth mentioning being Canada’s housing starts for November and building permits for October. Housing starts are expected to have increased somewhat, while building permits are expected to have rebounded in October after sliding the month before.

On Tuesday, during the Asian morning, we have Australia’s NAB business survey for November and China’s CPI and PPI for the same month. No forecast is available for the Australian data, while both China’s CPI and PPI are expected to have increased somewhat. The CPI rate is expected to have increased to +4.2% yoy from +3.8%, while the PPI one is anticipated to have ticked up to -1.5% yoy from -1.6%...

Read the full financial markets daily report on JFD Research.

JFD Review

Source: https://www.jfdbank.com/en/research/uk-general-elections-fomc-ecb-and-snb-rate-decisions-20191209
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