Limited economic data due to Christmas holidays



The Christmas holidays mean the UK and EU are unwilling to release major economic data this week, while the US only has a handful.

we

Tuesday, after Boxing Day, marks the start of any major data release in the United States, as the Housing Price Index is released. This is an important indicator because the housing market is seen as an important factor in the whole economy. Last month’s figure was lower than expected at 0.9%, but it had been trending downward since late July.

Sticking to the housing market, Wednesday brings pending home sales, which are expected to rise 0.6%. That being said, that number has been quite volatile in recent months. Either way, this will be a good indication of upcoming home sales, as the sale can be closed weeks after the contract is signed.

Thursday brings both the initial jobless claims and the Chicago Purchasing Managers Index. Many are hopeful that jobless claims continue to decline as the U.S. economy continues to recover from the pandemic. The PMI will be an important indication of overall business health in the United States and is expected to gain from the previous figure of 61.8, to 62.

Rest of the world

China has the only other major news across the globe this week, as it will release its manufacturing and non-manufacturing PMI on Friday, highlighting whether the backbone of China’s economy is expanding or shrinking.

Warning: Spreadex provides an execution service only and the above comments do not constitute (or should not be construed as constituting) investment advice or recommendations, or a record of our trading prices, or an offer or a solicitation for a transaction in a financial instrument. . Anyone who trades based on their interpretations of the above comments does so at their own risk. Spreadex Ltd is a fixed odds sports and financial betting and sports betting company specializing in personal services and credit. Founded in 1999, Spreadex is recognized as one of the oldest spread betting companies in the industry, with a solid reputation for its high level of customer service and account management.

With regard to spread betting, Spreadex Ltd is authorized and regulated by the Financial Conduct Authority. Bets on spreads carry a high level of risk to your capital and may result in losses greater than your initial stake / deposit. This may not be for everyone, so make sure you understand the risks involved. “

Original message


Previous Stock futures climb after strong economic data helps allay Omicron concerns
Next The most important economic news of the year in the Baltic States