Economic calendar: Survey data tops the agenda

8:26 AM 3 December 2020
  • European markets seen opening more or less flat

  • Non-manufacturing ISM for November at 3:00 pm

  • European PMI data revisions

European markets are seen opening more or less unchanged on Thursday. Services PMI data from European countries will be released today but readings will be mostly revisions therefore they should not have a major impact on the markets. Key readings scheduled for the afternoon are jobless claims (1:30 pm GMT) and non-manufacturing ISM index (3:00 pm GMT). Some reports surfaced saying that a Brexit deal is expected by the weekend so related headlines may also play a role in today's trading.

8:15 am GMT - Spain, services PMI for November. Expected: 36.6. Previous: 41.4

8:45 am GMT - Italy, services PMI for November. Expected: 41.3. Previous: 46.7

8:50 am GMT - France, services PMI for November (final). First release: 38

8:55 am GMT - Germany, services PMI for November (final). First release: 46.2

9:30 am GMT - UK, services PMI for November (final). First release: 45.8

10:00 am GMT - Euro area, retail sales for October. Expected: 2.7% YoY. Previous: 2.2% YoY

1:30 pm GMT - US, jobless claims. Expected: 770k. Previous: 778k

2:45 pm GMT - US, services PMI for November (final). First release: 57.7

3:00 pm GMT - US, non-manufacturing ISM for November. Expected: 56. Previous: 56.6

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