Weekly Market Outlook 09-13 December: Latest Trends and Analysis
This week, we have some major economic events to keep an eye on. From China CPI to the US CPI report, along with rate decisions from RBA, BoC, SNB, and ECB, there is a lot happening in the world of finance.
Starting off on Monday, China’s CPI numbers are expected to show a slight increase, highlighting the need for lower rates in their economy. The RBA is expected to maintain a neutral stance on Tuesday, with the potential for a rate cut in the future.
Mid-week brings us the US CPI report, with expectations of a slight increase compared to previous numbers. The market is anticipating a rate cut in the upcoming FOMC meeting and possibly more cuts in the future.
The Bank of Canada is expected to cut interest rates by 50 bps on Thursday, following mixed reports on the economy.
On Friday, we look to Australia’s Labor Market report, with expectations of job additions and a slight increase in the unemployment rate. Market pricing is predicting potential rate cuts in the future based on this data.
The SNB and ECB are both expected to cut interest rates in their respective regions, reflecting trends of weaker economic data.
Lastly, the US Jobless Claims report will give us a snapshot of the labor market’s current state. Initial Claims numbers are expected to remain within a certain range, while the market awaits further data.
Overall, this week is packed with important economic news that will likely impact financial markets. Stay tuned for updates on how these events unfold.
