What to Expect This Week

This week, in the United States, we expect a 30,000 decline in non-farm payrolls and unemployment rate to spike up to 10.2%. In a positive note,  the manufacturing Institute for Supply Management (ISM) index is likely to signal further expansion in factory output.

In the Euro Area, the manufacturing Purchasing Managers Index (PMI) may show a surprising contraction. Moreover, unemployment rate is expected to rise slightly in November and inflation rate to increase to 0.7% on year over year basis. In addition, the final Q3 GDP should be confirmed at 0.4%. In the United Kingdom, the Bank of England meets but we don't expect any changes on its current monetary policy. Also, PMI manufacturing should stay in expansionary territory. Finally, trade figures are due in Australia and New Zealand. Recent pick up in global growth and commodity prices should support further export growth in both countries.

1/2/2010 2:18:36 PM