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CPI data from Poland and the euro area to be released in the morning
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A lot of US data to be released today
9:00 am GMT - Poland, CPI inflation for December. Expected: 2.9% YoY. Previous: 2.6% YoY
10:00 am GMT - Euro area, CPI inflation for December. CPI figures from European countries released last week came in better-than-expected. Having said that, CPI for the whole euro area could surprise as well. Market consensus expects an acceleration from 1% to 1.3% YoY when it comes to headline gauge. Core measure is expected to remain unchanged at 1.3%.
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Create account Try a demo Download mobile app Download mobile app1:30 pm GMT - US, trade balance for November. Expected: -$49.1 billion. Previous: -$47.2 billion
3:00 pm GMT - US, non-manufacturing ISM for December. Currently, the services sector is faring better than the manufacturing one and the United States are no exception. Non-manufacturing ISM slipped in November but still sits comfortably above the contraction threshold. The index is expected to jump from 53.9 pts to 54.5 pts in December.
3:00 pm GMT - US, factory orders and durable goods orders for November. Simultaneously to the ISM release, two pieces of “hard” US data will be released. Factory orders data is expected to show a decline of 0.8% MoM. Final durable goods orders for November are seen at -2% MoM.
9:40 pm GMT - API report on oil inventories. Oil continues to pull back after launching the week with a major upward price gap. One should keep in mind that, trading on the oil market is likely to be dominated by Middle East concerns this week therefore market may look past inventories data. API report is expected to show a 0.5 million barrel build.
