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Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
04:30 Japan Industrial Production (MoM) (Finally) October +0.2% +0.2% +0.4%
04:30 Japan Industrial Production (YoY) (Finally) October -1.0% -1.0% -0.8%
05:30 China Retail Sales y/y November +11.5% +11.5% +11.7%
05:30 China Fixed Asset Investment November +15.9% +15.8% +15.8%
05:30 China Industrial Production y/y November +7.7% +7.5% +7.2%
10:00 Eurozone Employment Change Quarter III +0.3% Revised From +0.2% +0.2% +0.2%
10:00 Eurozone Industrial production, (MoM) October +0.5% Revised From +0.6% +0.2% +0.1%
10:00 Eurozone Industrial Production (YoY) October +0.6% +0.6% +0.7%
The U.S. dollar traded mixed against the most major currencies ahead of the U.S. producer price index (PPI) data. The U.S. PPI is expected to decline 0.1% in November, after a 0.2% increase in October.
The greenback remained supported by yesterday's better-than-expected U.S. retail sales. The U.S. retail sales climbed 0.7% in November, exceeding expectations for a 0.3% increase, after a 0.5% gain in October. October's figure was revised up from a 0.3% rise.
Retail sales excluding automobiles increased 0.5% in November, beating expectations for a 0.1% gain, after a 0.4% gain in October. October's figure was revised up from a 0.3% increase.
The euro traded higher against the U.S. dollar after the industrial production data from the Eurozone. Industrial production in the Eurozone rose 0.1% in October, missing expectations for a 0.2% gain, after a 0.5% rise in September. September's figure was revised down from a 0.6 increase.
On a yearly basis, Eurozone's industrial production increased 0.7% in October, beating expectations for a 0.6% rise.
The British pound traded lower against the U.S. dollar as construction output in the U.K. declined. UK's construction output fell 2.2% in October, after a revised 2.2% gain in September. September's figure was revised up from a 1.8% rise.
EUR/USD: the currency pair rose to $1.2465
GBP/USD: the currency pair fell to $1.5693
USD/JPY: the currency pair declined to Y118.04
The most important news that are expected (GMT0):
13:30 U.S. PPI, m/m November +0.2% -0.1%
13:30 U.S. PPI, y/y November +1.5% +1.6%
13:30 U.S. PPI excluding food and energy, m/m November +0.4% +0.1%
13:30 U.S. PPI excluding food and energy, Y/Y November +1.8% +1.5%
14:55 U.S. Reuters/Michigan Consumer Sentiment Index (Preliminary) December 88.8 89.6
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