Tiqnea For economic consulting

  • Technical Services
    • Economic Feasibility Studies
    • Supply of equipment
    • Implementation and management of projects
    • Market Stats
    • Technical and executive consulting
  • About Us
  • Contact us
  • English
    • العربية
  • Feasibility study request
  • Register

Login To Tiqnea Company

  • Login
  • Register

Economic Calendar: Top 5 Things to Watch This Week

  1. Home
  2. Economic Calendar: Top 5 Things to Watch This Week

30 Dec 2019

Share post

Economic Calendar: Top 5 Things to Watch This Week

Trading volumes are expected to remain light this week, limited liquidity continues, volatility increases.

Financial markets on Friday focus on the minutes of the Fed’s December meeting, for more hints about monetary policy.

On the data front, the US Manufacturing and Consumer Confidence Index is released from the US, while investors are looking for more evidence about the strength of the economy.

While in China, we await manufacturing sector data, as concerns persist about the health of the world’s largest economy.

And for next week, Investing.com has brought you the top 5 most recent economic calendar, expected to affect the markets.

1. International markets celebrate the new year

Markets in Canada, Europe, the United Kingdom, Australia, New Zealand, Japan and the United States remain closed on Wednesday to celebrate New Year’s Day.

Investors are taking advantage of these days the St. Rally, which has put Wall Street on record.

During the last five trading days of this year, we saw the S&P 500 record 1.3% higher on average, which has not happened since the 1950s, according to Stock Traders Almanac.

2.Federal Meeting Minutes

The minutes of the December Fed meeting will be released on Friday at 21:00 Mecca Time.

The US central bank kept interest rates steady after its December 11 meeting, in an expected decision, and indicated that borrowing spending will remain unchanged for some time.

The new economic forecasts indicate that 13 out of 17 members of the FOMC committee do not see any change in interest rates until 2021, which eliminated any possibility of a rate hike in the near future.

3. Manufacturing PMI data

The Institute of Supply Management is to publish its manufacturing PMI survey for December on Friday at 18:00 Mecca time, as investors search for more evidence about the strength of the sector, which has been hit hard by the trade conflict between the United States and China.

The data outlook also shows a slight improvement in reading to 49.0, up from 48.1 in October.

A reading above 50.0 is an indication of expansion, while a reading below 50.0 is an indication of economic contraction.

We believe that the PMI is a good sign of the economic situation, and analysts prefer it to determine the level of gross domestic product, which may be affected by weak seasonal adjustments, and is subject to reviews.

4. American Consumer Confidence Index

In addition to manufacturing data, we see December Consumer Confidence updates at 18:00 Mecca Time on Tuesday.

The reading indicates 128.2, an improvement from 125.5 for October.

If confirmed reading, it will be the best in 3 months.

5. Chinese manufacturing survey

The manufacturing sector activity index for the month of December is issued by the Chinese Supply and Procurement Federation, at 4:00 Mecca time on Tuesday, amid expectations for an increase to 50.1 from the previous reading in October at 50.2.

While the Caixin manufacturing index is expected to decline 0.1, to 51.7. The official reading will be issued at 4:45 pm Mecca time, and the index will measure the reading for SMEs.

Under pressure from domestic demand and tariffs from the US, the Chinese economy slipped to 3-decade declines during the third quarter, which pressed Beijing to put in place incentives to avoid a severe slowdown.

Similar posts

Gold is declining, awaiting the Fed’s minutes, amid the strength of the dollar

Gold fell during the Asian trading session today, Wednesday, and gave up its previous gains, as global markets awaited the minutes of the Federal Reserve meeting, the most important events […]

see more

Nikkei rises after gains in US technology stocks

TOKYO (Reuters) – The Nikkei benchmark index made slight gains at the close on the Tokyo Stock Exchange on Wednesday, with some tech stocks surging after the gains of their […]

see more

skilled: A mutation in the Corona virus makes it more contagious, but less lethal

SINGAPORE (Reuters) – A prominent infectious disease doctor said that the new Coronavirus has mutated increasingly common in Europe, North America, and parts of Asia and that this mutation makes […]

see more

Global health: The coronavirus outbreak is increasingly being driven by young people

The WHO Regional Director for the Western Pacific Region said on Tuesday that the spread of the Coronavirus is increasingly being led by people in their 20s, 30s and 40s, […]

see more

Japanese bank: Dubai’s economy may contract 5.2% in 2020 and grow by 4.3% in 2021

DUBAI (Reuters) – Japan’s Mitsubishi UFG Financial Group said that Dubai’s economy is expected to contract by 5.2 percent this year due to the impact of the Coronavirus pandemic, but […]

see more

The rise in the price of “gold” worldwide, will it continue?

Gold rose on Monday morning in Asian trading, supported by signs of slowing economic recovery in the United States and Japan. Gold futures rose slightly by 0.04% to trade at […]

see more

التعليقات:

Do you want to subscribe to the mailing list to receive the latest studies and offers?

About Al-Tiqnea

Technical Economic Consulting Company was established in 2012, it was established by a team of investment professionals to become one of the leading investment companies to provide the best management consulting services to local international companies and institutions. Since its inception, the company has continuously expanded to become one of the largest leading consulting firms in the region through its branches located in the Arab world as well as representative offices in Europe.

Quick Links

  • Home
  • Blog
  • Technical Services
  • Contact us
  • About Us

Contact us

00201200006303 [email protected]

In front of Water Way - Fifth settlement - New Cairo

All copyright are reserved for (el-tiqnea ) 2012 @