Economic calendar: Pre-Christmas avalanche of data

8:36 AM 23 December 2020
  • European markets seen opening flat

  • US jobless claims, survey and housing market data

  • Monthly GDP release from Canada

European markets are expected to launch today's cash trading more or less flat. Trump's refusal to sign the economic relief bill caused a minor overnight pullback but losses were erased already. A point to note is that today is the final full trading day of the week as many markets will either stay shut or close early tomorrow. Because of that a lot of data will be released today.

8:00 am GMT - Spain, GDP report for Q3 2020 (second release). First release: 16.7% QoQ

9:00 am GMT - Poland, unemployment rate for November. Expected: 6.2%. Previous: 6.1%

1:30 pm GMT - US, core PCE inflation for November. Expected: 1.5% YoY. Previous: 1.4% YoY

1:30 pm GMT - US, jobless claims. Expected: 885k. Previous: 885k

1:30 pm GMT - Canada, monthly GDP report for October. Expected: 0.3% MoM. Previous: 0.8% MoM

3:00 pm GMT - US, University of Michigan consumer sentiment for December (revision). First release: 81.4

3:00 pm GMT - US, new home sales for November. Expected: 990k. Previous: 999k

3:30 pm GMT - DOE report on oil inventories.

  • Oil inventories. Expected: -3.2 mb

  • Gasoline inventories. Expected: +1.17 mb

  • Distillate inventories. Expected: -0.65mb

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