The week will be a fully-loaded one in terms of importance. The UK, US, and EU will release their respective CPI data, the BoE will release the minutes of its latest meeting, and there will be several GDP-related news from various countries. But probably the most-awaited event of this week will be the FOMC meeting that will begin tomorrow, Tuesday until 17 December. Check out the details of these events below:
Event: Consumer Price Index/Core CPI (MoM/YoY, Nov) – United Kingdom
Date: December 17, 2013
Time: 9:30am (GMT)
What It Is About and Why It’s Important
The UK’s CPI and Core CPI are expected to climb further compared to the previous period. The CPI is seen to have expanded by 0.2% in November compared to the previous month, and 2.2% over the past 12 months.
Event: Consumer Price Index/Core CPI (MoM/YoY, Nov) – European Union
Date: December 17, 2013
Time: 10:00pm (GMT)
What It Is About and Why It’s Important
Just after the release of the UK’s CPI data will be the release of the EU’s. CPI is seen to have contracted by a further 0.1% in November, although a growth by 0.9% is expected over the past 12 months. Core CPI, meanwhile, is a little more positive with a 1.0% growth expected in 12 months.
Event: Economic Sentiment – Germany
Date: December 17, 2013
Time: 10:00am (GMT)
What It Is About and Why It’s Important
Analysts expect Germany’s economic sentiment to be on the upside in December. From the previous 54.6, it’s expected to be at 55.0 this time.
Event: Consumer Price Index/CPI Ex Food and Energy – United States
Date: December 17, 2013
Time: 1:30pm (GMT)
What It Is About and Why It’s Important
The US is expected to post a slightly higher growth in its CPI over the past 12 months at 1.3%. The same thing is expected from the CPI ex food and energy, which is seen to grow by another 1.7% in 12 months.
Event: BoE Minutes – United Kingdom
Date: December 18, 2013
Time: 9:30am (GMT)
What It Is About and Why It’s Important
To catch a glimpse on the BoE’s outlook on the economy and its possible monetary policy in the future, make sure to catch this event.
Event: Fed Interest Rate Decision/FOMC Economic Projections/Purchase Program – United States
Date: December 18, 2013
Time: 7:00pm (GMT)
What It Is About and Why It’s Important
This is the event that everyone’s been waiting for. On Wednesday, we’ll find out whether or not QE tapering will finally begin, or will be another non-event as ‘Septaper’.
Event: Gross Domestic Product (QoQ, YoY/Q3) – United Kingdom
Date: December 19, 2013
Time: 9:30am (GMT)
What It Is About and Why It’s Important
Find out whether or not the UK will be able to sustain its GDP growth, which is currently at 0.7% on a QoQ basis, and 1.3% over the past 12 months.
Event: Consumer Price Index/Core CPI (MoM, YoY/ Nov) – Canada
Date: December 20, 2013
Time: 1:30pm (GMT)
What It Is About and Why It’s Important
Canada’s CPI and Core CPI has posted modest growths recently, with its CPI up by 0.7% over the past 12 months as of November, while the Core CPI is up by 1.2% during the same period.
Event: Annualised GDP (Q3) – US
Date: December 20, 2013
Time: 1:30pm (GMT)
What It Is About and Why It’s Important
The US will wrap up the week with its annualised GDP data. It is currently up by 2.5%.
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