Economic calendar: Stimulus talks and FED in focus

It’s a particularly busy day on the economic calendar, with private sector PMIs and the FED in focus. US central bank is expected to leave rates unchanged while signaling it may stay there for years to come for supporting the economy. Traders will be looking for more information on the pace of bond purchases and any potential policy changes. Also news from Capitol Hill and any updates on Brexit will also influence markets. US Congress moves toward agreement on a spending package which must be passed by Friday, ahead of the measures to avert a government shutdown. Hopes are also rising for another deal, a $748 billion bipartisan proposal for COVID-19 relief. 

 

8:15 am GMT - French Flash Services PMI. Expected: 39.9. Previous: 38.8
8:15 am GMT -French Flash Manufacturing PMI. Expected: 50.0. Previous: 49.6
8:30 am GMT -German Flash Manufacturing PMI. Expected: 56.4. Previous: 57.8
8:30 am GMT -German Flash Services PMI. Expected: 44.1. Previous: 46.0
9:00 am GMT -Eurozone Flash Manufacturing PMI. Expected: 53.0. Previous: 53.8
9:00 am GMT -Eurozone Flash services PMI. Expected: 41.9. Previous: 41.7
9:30 am GMT -UK Flash Manufacturing PMI. Expected: 55.9. Previous: 55.6
9:30 am GMT -UK Flash Services PMI. Expected: 50.5. Previous: 47.6
1:30 pm GMT - Canada, CPI MoM. Expected: 0.0%. Previous: 0.4%
1:30 pm GMT - US, retail sales for November. Expected: -0.3% MoM. Previous: 0.3% MoM
1:30 pm GMT - US, core retail sales for November. Expected: 0.1% MoM. Previous: 0.2% MoM
2:45 pm GMT -US Flash Manufacturing PMI. Expected: 55.9. Previous: 56.7
2:45 pm GMT -US Flash Services PMI. Expected: 55.7. Previous: 58.4
3:30 pm GMT -EIA Crude Oil Inventories. Expected: -3.5M. Previous: 15.189M
7:00 pm GMT - FOMC rate decision (press conference - 7:30 pm GMT)