Highlights
German retail sales volumes are expected to fall back by 0.5 percent in November after October's much better-than-expected 1.1 percent increase.
The UK Halifax house price index is are seen building on November's 0.5 percent monthly gain with a 0.1 percent increase.
The UK construction purchasing managers' index is expected to edge up from November's 45.5 to 46.0 in December.
In the Eurozone, consensus for December's harmonised index of consumer prices (HICP) is a preliminary 3.0 percent and 3.4 percent for the narrow core. These would compare respectively with November's 2.4 and 3.6 percent, the former down from October's 2.9 percent and the latter down from 4.2 percent.
The region's producer prices are expected to fall 8.6 percent on the year in November, which would compare with percent 9.4 contraction in October. For the monthly figure, the consensus calls for minus 0.1 percent for November after a 0.2 rise in October.
Italy's consumer prices are expected to rise 0.2 percent on the month in December after falling 0.5 percent in November. The annual inflation rate is forecast at 0.6 percent, slowing slightly from 0.7 percent the previous month.
In the US, a 164,000 rise is Econoday's consensus for nonfarm payroll growth in December versus a 199,000 increase in November, which was on the high side of the consensus range.
Average hourly earnings in December are expected to rise 0.3 percent on the month for a year-over-year rate of 3.9 percent; these would compare with November's higher-than-expected monthly rate of 0.4 percent and an as-expected yearly rate of 4.0 percent.
December's unemployment rate is expected to rise 1 tenth to 3.8 percent from November's 3.7 percent, which was 2 tenths lower than expected.
Factory orders are expected to rebound 2.0 percent in November versus October's 3.6 percent decline that reflected a downswing in commercial aircraft. Durable goods orders for November, which have already been released and are one of two major components of this report, surged by 5.4 percent on the month after a revised 5.1 percent drop in October.
Business activity in the US services sector is expected to be in positive territory for the 12th straight month in December, with the key index compiled by the Institute for Supply Management seen unchanged at 52.7 after rising 0.9 point to 52.7 in November, when the sector regained some momentum at the start of the holiday season and thanks to slight employment growth.
Canadian employment in December is expected to rise 10,000 versus November's 24,900 rise, which was better than expected and followed October's 17,500 gain. December's unemployment rate is expected to rise 1 tenth to 5.9 percent from 5.8 percent in November.
The Bank of Canada's latest view is that job creation has been slower than labour force growth, job vacancies have declined further and the unemployment rate has risen modestly. But it also warns wages are still rising by 4 to 5 percent.
The Ivey purchasing managers' index is forecast at a seasonally adjusted 53.2 for December, down from 54.7 in November. That would be the lowest since 48.6 in July but above the neutral line of 50 for a fifth straight month.
Richmond Federal Reserve Bank President Thomas Barkin will speak before the Maryland Bankers Association First Friday Economic Outlook Forum at 1:30 p.m. EST (1830 GMT).
The UK Halifax house price index is are seen building on November's 0.5 percent monthly gain with a 0.1 percent increase.
The UK construction purchasing managers' index is expected to edge up from November's 45.5 to 46.0 in December.
In the Eurozone, consensus for December's harmonised index of consumer prices (HICP) is a preliminary 3.0 percent and 3.4 percent for the narrow core. These would compare respectively with November's 2.4 and 3.6 percent, the former down from October's 2.9 percent and the latter down from 4.2 percent.
The region's producer prices are expected to fall 8.6 percent on the year in November, which would compare with percent 9.4 contraction in October. For the monthly figure, the consensus calls for minus 0.1 percent for November after a 0.2 rise in October.
Italy's consumer prices are expected to rise 0.2 percent on the month in December after falling 0.5 percent in November. The annual inflation rate is forecast at 0.6 percent, slowing slightly from 0.7 percent the previous month.
In the US, a 164,000 rise is Econoday's consensus for nonfarm payroll growth in December versus a 199,000 increase in November, which was on the high side of the consensus range.
Average hourly earnings in December are expected to rise 0.3 percent on the month for a year-over-year rate of 3.9 percent; these would compare with November's higher-than-expected monthly rate of 0.4 percent and an as-expected yearly rate of 4.0 percent.
December's unemployment rate is expected to rise 1 tenth to 3.8 percent from November's 3.7 percent, which was 2 tenths lower than expected.
Factory orders are expected to rebound 2.0 percent in November versus October's 3.6 percent decline that reflected a downswing in commercial aircraft. Durable goods orders for November, which have already been released and are one of two major components of this report, surged by 5.4 percent on the month after a revised 5.1 percent drop in October.
Business activity in the US services sector is expected to be in positive territory for the 12th straight month in December, with the key index compiled by the Institute for Supply Management seen unchanged at 52.7 after rising 0.9 point to 52.7 in November, when the sector regained some momentum at the start of the holiday season and thanks to slight employment growth.
Canadian employment in December is expected to rise 10,000 versus November's 24,900 rise, which was better than expected and followed October's 17,500 gain. December's unemployment rate is expected to rise 1 tenth to 5.9 percent from 5.8 percent in November.
The Bank of Canada's latest view is that job creation has been slower than labour force growth, job vacancies have declined further and the unemployment rate has risen modestly. But it also warns wages are still rising by 4 to 5 percent.
The Ivey purchasing managers' index is forecast at a seasonally adjusted 53.2 for December, down from 54.7 in November. That would be the lowest since 48.6 in July but above the neutral line of 50 for a fifth straight month.
Richmond Federal Reserve Bank President Thomas Barkin will speak before the Maryland Bankers Association First Friday Economic Outlook Forum at 1:30 p.m. EST (1830 GMT).
Definition
Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.
Description
Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.
