Today is the first trading session after Christmas. While many markets remain closed, some Asian countries and the United States are conducting business as usual. Statistics suggest that US indices usually gains in their first post-Christmas trading day, as today is evidenced by a notable rebound in futures prices. The US dollar is also losing ground in the early morning trading.
Volatility is likely to remain subdued until the US market opens. After midnight, we received data on Japan's unemployment rate, which held steady at 2.5%. Singapore also released monthly inflation figures, which showed a decline of 0.2% month-on-month, compared to the previous increase of 0.2%.
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01:30 pm BST: Chicago National Activity Index (Previous: -0.49)
02:00 pm BST: US House Price Index (Expectations: 0.5% MoM; Previous: 0.6% MoM)
02:00 pm BST: Case-Shiller Home Price Index for 20 Cities (Expectations: 4.85% YoY; Previous: 3.9% YoY]
03:30 pm BST: Dallas Fed Index (Previous: -19.9)
Later in the week:
- Wednesday: Richmond Fed Index
- Wednesday: API Report on Oil Inventories
- Thursday: US Unemployment Claims
- Thursday: US Oil and Gas Inventories
- Friday: Spanish Inflation for December
- Friday: Chicago PMI Index
