What to Expect This Week

This week, in the United States, we expect trade deficit to have widened in November, probably due to a rise in oil imports. In addition, consumer sentiment is likely to improve further since job losses declined in recent months and stocks made year-to-date highs.

We also expect consumer prices to have risen slightly and industrial production to have improved further. In the Euro Area, the European Central Bank is likely to leave the benchmark interest rate and non-conventional monetary policy measures unchanged. Elsewhere, Euro Area industrial production probably rebounded in November and trade surplus increased. On the other hand, in Japan, we expect the current account surplus to decline because of a strong yen. In the United Kingdom, exports may continue its recovery in November. Also, industrial production is likely to expand. In Canada, trade balance should stay in positive territory. In Australia, unemployment rate may rise slightly. Finally, in China, exports should finally recover from a 13-month slide.

1/9/2010 7:57:26 PM