Economic forecast for December 5 – Forex
Australia will publish changes in gross domestic product for the third quarter of this year and AIG's service activity. The commodity price index from ANJ will be presented by New ealand, and Japan will present the Markit Service Sector Business Activity Index. China will release the Caixin PMI index in the services sector.
The EU will hold a meeting of the ECB, not directly related to monetary policy issues. The UK will publish a report from the Financial Policy Committee. In Spain, Italy, France, Germany, the UK and the Eurozone, business indices in the services sector will be released. In addition, the Eurozone will present retail sales data and a composite index of business activity in the manufacturing sector Markit.
In the United States, the ADP report on private sector employment, the ISM business activity index in the services sector and productivity and labor costs data will be released. Federal Reserve Chairman Jerome Powell will deliver a speech. In addition, the Fed will publish an economic review of the Beige Book. The Bank of Canada will meet to present a decision on the interest rate change and a accompanying statement following the meeting. The Energy Information Administration will publish changes in oil and petroleum products stocks at the end of the week.