1 Dec 2014
This week’s headline events: Eurozone PMI’s, US NFP – Nomura
FXStreet (Barcelona) - The Research Team at Nomura highlight this week’s key data releases, with PMI and ISM data in the first half, along with employment data in the second half of the week.
Key Quotes
“On Monday, several eurozone countries will release PMI manufacturing data for November, as will the United Kingdom.”
“In the US, there will also be the ISM manufacturing index. Our economists are roughly in line with expectations. This will be followed by Service and Composite PMIs from Europe on Wednesday.”
“The data from the eurozone could help indicate whether the eurozone will begin to extract itself from the slowdown phase, as indicated by initial data signals.”
“On Wednesday, there will be the ADP employment change, which our economists expect to come in at 230K. This will be followed by the NFP on Friday at 13:30GMT, where our economists expect an increase of 235K, slightly higher than the market expectation of 225K.”
“Canada will also release employment figures at the same time, and it will be interesting to see if the data confirm the strength seen in other areas of the economy.”
“Other data include Australian Q3 GDP on Wednesday 0:30GMT, Swiss Q3 GDP on Wednesday 6:45GMT, and eurozone Q3 GDP on Friday at 10:00GMT.”
“Australia and New Zealand also provide the latest commodity price indexes (November) on Monday and Tuesday, respectively. Commodity prices have been falling in these countries, negatively impacting terms of. The central bankers may refer to these figures as indicative of weakness in the currency in their efforts to bring the exchange rates down.”
Key Quotes
“On Monday, several eurozone countries will release PMI manufacturing data for November, as will the United Kingdom.”
“In the US, there will also be the ISM manufacturing index. Our economists are roughly in line with expectations. This will be followed by Service and Composite PMIs from Europe on Wednesday.”
“The data from the eurozone could help indicate whether the eurozone will begin to extract itself from the slowdown phase, as indicated by initial data signals.”
“On Wednesday, there will be the ADP employment change, which our economists expect to come in at 230K. This will be followed by the NFP on Friday at 13:30GMT, where our economists expect an increase of 235K, slightly higher than the market expectation of 225K.”
“Canada will also release employment figures at the same time, and it will be interesting to see if the data confirm the strength seen in other areas of the economy.”
“Other data include Australian Q3 GDP on Wednesday 0:30GMT, Swiss Q3 GDP on Wednesday 6:45GMT, and eurozone Q3 GDP on Friday at 10:00GMT.”
“Australia and New Zealand also provide the latest commodity price indexes (November) on Monday and Tuesday, respectively. Commodity prices have been falling in these countries, negatively impacting terms of. The central bankers may refer to these figures as indicative of weakness in the currency in their efforts to bring the exchange rates down.”