The week of December 9th promises to be a data-packed bonanza for traders worldwide. Buckle up, as we delve into key economic releases across the Americas, Europe, Asia, and Australia.
Economic Calendar of December 9th, 2024:
Mark Your Calendars, Traders: A Week of Global Economic Data
The US in Focus: Inflation Takes Center Stage
- All eyes are on the Consumer Price Index (CPI), with inflation expected to climb to a four-month high of 2.7%.
- The Producer Price Index (PPI) is also focused, forecast to edge slightly higher.
- Expect data on wholesale inventories, consumer confidence, business optimism, and trade figures.
Central Bank Decisions: Will Rates Rise or Fall?
- The Federal Reserve holds its final meeting of the year, with policy decisions impacting global markets.
- The European Central Bank (ECB) is expected to cut rates by 25 basis points, marking its fourth reduction in 2024.
- Canada and Brazil are also on watch, with potential rate cuts and hikes respectively.
Europe’s Economic Pulse:
Catching Up and Slowing Down
- The Eurozone industrial activity is forecast to rebound in October, offering positive signs of economic recovery.
- Germany releases data on exports and imports, providing insight into trade dynamics.
- Watch for inflation readings from Germany, France, and Italy to gauge price pressures.
Asia and Australia: A Mixed Bag of Indicators
- China releases consumer and producer price indexes, with possible clues on inflation trends.
- Trade data is also anticipated, with export growth expected to slow and imports potentially rebounding.
- New Yuan Loans will be monitored for signs of lending activity in the Chinese economy.
- In Australia, the Reserve Bank is likely to hold rates steady while digesting recent inflation data.
- Japan releases final GDP growth figures, Tankan indexes, and industrial production data.
Don’t Miss Out:
- India’s inflation data is expected to show a slowdown.
- Watch trade data from the Philippines and Taiwan for regional trade insights.
Stay Informed, Stay Ahead:
This week presents a golden opportunity for traders to capitalize on potential market movements based on these key economic releases. By staying informed and analyzing the data, you can make informed trading decisions and navigate the global financial landscape effectively.
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