Markets watch out for economic events scheduled for release next week

By FXStreet FXStreet (Mumbai) – Econ calendar for the week ending 4th December looks packed. Several market moving economic data from the leading economies are scheduled to be released next week. Markets have their eyes set on the official China PMI, the RBA rate statement, the ECB meeting and the OPEC meeting.

December 1:

China Official PMI – The official PMI factory numbers and the official services PMI numbers will be released on Ist December. Activity in China’s manufacturing sector likely shrank for a fourth straight month in November. The official manufacturing Purchasing Managers’ Index (PMI) can be expected to have remained unchanged in November at 49.8.

RBA rate statement – The RBA will meet on 2nd December. Markets wait to watch whether the Australian central bank further slashes rate to support demand and raise prices or holds rate steady at 2 per cent.
Euro zone PMI and Unemployment rate – The Euro zone

Markit Manufacturing PMI – The Manufacturing PMI is expected to stay unchanged at 52.8. The unemployment rate is also expected to stay unchanged at 10.8.

UK Markit manufacturing PMI – The Markit Manufacturing PMI is expected to dip. The PMI is expected to come in at 54, lower than the previous 55.5.

U.S. ISM …read more

Source:: FX Street