Week ahead: Markets will monitor indicators to gauge the course of global economy

By FXStreet FXStreet (Mumbai) – Week ahead: Markets will monitor indicators to gauge the course of global economy
A slew of very important market moving indicators are scheduled to be released in the first week of 2016. Data from China will be carefully watched as the markets will try and gauge the possibility of revival of the slowing economy. China’s inflation data is scheduled to be released on Saturday and if estimates are anything to go by, deflationary pressures seem to be mounting on the world’s second largest economy. Service sector index of Japan, China, UK, euro zone and the US to be released this week will show whether the sector is continuing to support growth in the major economies in the backdrop of slipping manufacturing growth. Euro zone CPI and other PMI data will be the other significant data this week as it will give an indication whether ECB’s easing policies have worked to spur growth in the euro zone.

Also, the US jobs report is due this week Fed chair Janet Yellen has stressed that the subsequent rate hike will be gradual and data dependent. The US jobs report and PMI data assumes outmost importance as it will impact Fed’s rate …read more

Source:: FX Street