This week will be a quiet one, with the bulk of events happening on Wednesday and Thursday. Check out the details of these events below:
Event: GDP/GDP Annualised (Q3) – Japan
Date: December 8, 2013
Time: 11:50pm (GMT)
What It Is About and Why It’s Important
Happening in the early morning in Japan, the country's GDP is expected to be slightly lower than the previous quarter. The Annualised GDP is seen to be at 1.6%, compared to the previous 1.9%, while GDP is seen to grow only by 0.4% in Q3, compared to the 0.5% growth in the previous quarter.
Update: Annualised GDP came out lower than expected at 1.1%, while GDP for Q3 was also slightly lower at 0.3%.
Event: Consumer Price Index (MoM/YoY, Nov) – China
Date: December 9, 2013
Time: 1:30am (GMT)
What It Is About and Why It’s Important
China's CPI is expected to maintain the same level of growth on a YoY basis at 3.2%, while it is expected to remain flat on a MoM basis.
Update: China's CPI only grew by 3.0% over the past 12 months, while it contracted by 1.0% compared to the previous month.
Event: RBNZ Interest Rate Decision – New Zealand
Date: December 11, 2013
Time: 8:00pm (GMT)
What It Is About and Why It’s Important
The RBNZ is largely expected to maintain its overnight rates at 2.5%. However, traders should not miss out on the bank's monetary policy statement and its press conference to get clues on how it currently views the economy.
Event: Employment Change/Unemployment Rate (November) – Australia
Date: December 12, 2013
Time: 12:30am (GMT)
What It Is About and Why It’s Important
Unemployment in Australia is expected to grow in the near term as demand for its mining exports weaken. In November, the country's workforce is expected to grow by 1K, which is slightly lower than the 1.1K compared to the previous month. Meanwhile, unemployment rate is seen to be at 5.8%, which is slightly higher than the previous 5.7%.
Event: SNB Interest Rate Decision – Switzerland
Date: December 12, 2013
Time: 9:00am (GMT)
What It Is About and Why It’s Important
Switzerland's National Bank is largely expected to keep it rates at zero. However, check out the press conference after for more details.
Event: Retail Sales (MoM, Nov) – United States
Date: December 12, 2013
Time: 1:30pm (GMT)
What It Is About and Why It’s Important
Purchases fueled by post-Thanksgiving sales and the coming holiday season are expected to give US retail sales in November a lift. It is seen to grow by 0.6%, which is slightly higher than the previous month's growth by 0.4%.
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