Traders starting the new week with the focus on trade talks between China and USA. Investors sentiment is positive after strong NFP data from USA last Friday.
In European forex calendar we await the Switzerland November unemployment rate at 6:45GMT, Germany October trade balance data will be released at 7:00GMT, the Bank of France November industry sentiment indicator is due at 7:30GMT, SNB total sight deposits w.e. 6 December are due at 9:00 GMT, and finally the Eurozone December Sentix investor confidence survey will be released at 9:30GMT.
In the American trading session, from Canada we have the CMHC Housing Starts and Building Permits monthly readings. In the U.S. traders will focus on CB Employment Trends Index and the three and six Month Bill Auction.
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Japan GDP Beat Forecasts
During Asian session Japan Gross Domestic Product (quarter over a quarter) came in at 0.4%, beating forecasts of 0.2% in third quarter, the Japan Gross Domestic Product Deflator (year over year) came in at 0.6% in line forecasts. The Japan Current Account n.s.a. came in at ¥1816.8B topping forecasts of ¥1797.8B in October.
Japan Bank Lending (year over year) came in at 2.1%, above expectations of 1.9% for November. While the Japan Eco Watchers Survey, Current came in at 39.4 beating forecasts of 39.3 in November. the Outlook came in at 45.7 also above expectations of 40.5 in November.
In New Zealand, the Manufacturing Sales came in at -0.3%, above expectations of -0.8% in the third quarter.
In China, the Foreign Exchange Reserves (month over month) dropped to $3.096T, below analysts forecasts of $3.103T in November, while the China Exports (year over year) CNY came in at 1.3%, below forecasts of 3.1% in November.More content
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