Week ahead- UK GDP, Japan unemployment, US consumer confidence in focus

By FXStreet FXStreet (Mumbai) – This week can be expected to be not so busy. Markets will however have their eyes out for some significant indicator scheduled to be released this week.

To begin with, there is the euro zone consumer confidence index. It is not unknown that most developed economies today are led by consumer growth and services. Euro zone has been hurt by dismal prices and the ECB has initiated several easing tools lately to stabilize prices in the bloc. The consumer sentiment index is important as it will help markets understand to what extent consumers will drive economy in the coming quarters.

Next most important indicator is the UK Q3GDP. The GDP growth is believed to have stagnated in the Q3 in UK. This is bad news for the economy. UK is reeling under the impact of poor wage growth and inflation. The BoE has reiterated that it is in no hurry to raise rates. The third quarter’s current account deficit data will also be out this week and will be closely watched.

A slew of data will be released in the US as well just before the markets close for Christmas holidays. US core personal consumption expenditure price index and …read more

Source:: FX Street