Economic Events of the Coming Week - Monday, Dec. 5

Monday: Final estimates on November’s Markit Purchasing Managers Indices will see light globally – Most of the European figures appear fairly optimistic, seeing some degree of improvement. Analysts further see the final estimate of the Markit U.S. Services PMI advance to 54.9 points.

Tuesday: October Factory Orders data will be released in Germany, with analysts seeing a 0.6% MoM advance. The final estimate of the third quarter’s Gross Domestic Product is scheduled to see light in the Eurozone, with analysts seeing a 1.6% QoQ gain. October’s Trade Balance data is scheduled to see light in the U.S., as well as October’s Factory Orders data and the final estimate of the month’s Durable Goods Orders.

Wednesday: October Industrial Production data is scheduled to see light in Germany and the U.K. In the U.S., the weekly MBA Mortgage Applications will see light. The Bank of Canada, additionally, is scheduled to announce interest rates.

Thursday: October Balance of Payments data will see light in Japan, as will the final GDP estimate for the third quarter. The ECB is scheduled to announce interest rates, though analysts foresee no change here, meaning the Fed will have to make the first move. November Housing Starts data will see light in Canada. In the U.S., the weekly Initial Jobless Claims will see light.

Friday: November Consumer Price Index data will see light in China, where analysts foresee annual inflation rise to 2.2%. October Industrial Production data will see light in France. In the U.K., October Trade Balance data will be released. In Greece, November’s Consumer Price Index data will see light, still in a deflationary -0.5%, annually. The final estimate of October Wholesale Inventories will see light in the U.S., as will the preliminary estimate for the University of Michigan’s Consumer Sentiment Index.