Economic Events Calendar for the Week of December 16–20, 2024
Monday, December 16
05:00
China:
- Retail Sales (YoY) for November: Previous — 4.80%, Forecast — 4.60%.
- Industrial Production (YoY) for November: Previous — 5.30%, Forecast — 5.30%.
11:30
Germany:
- Preliminary Services PMI for December: Previous — 49.30, Forecast — 49.50.
- Preliminary Manufacturing PMI for December: Previous — 43.00, Forecast — 43.80.
12:00
Eurozone:
- Preliminary Services PMI for December: Previous — 49.50, Forecast — 49.30.
- Preliminary Manufacturing PMI for December: Previous — 45.20, Forecast — 45.00.
17:45
United States:
- Preliminary Markit Services PMI for December: Previous — 56.10.
- Preliminary Markit Manufacturing PMI for December: Previous — 49.70.
Investor Recommendation:
Key economic indicators will be released from China, Germany, the Eurozone, and the United States. Pay particular attention to China’s retail sales and industrial production data, as well as PMI figures from Europe and the US. These indicators may significantly impact financial markets, so it is advisable to monitor their publication closely and adjust investment strategies as needed.
Tuesday, December 17
00:00
United Kingdom:
- Unemployment Rate for October: Previous — 4.30%, Forecast — 4.60%.
13:00
Germany:
- ZEW Economic Sentiment Index for December: Previous — 12.50.
16:30
United States:
- Retail Sales for November: Previous — 0.40% growth, Forecast — 0.50%.
17:15
United States:
- Industrial Production for November: Previous — -0.30%, Forecast — 0.10%.
18:00
United States:
- NAHB Housing Market Index for December: Previous — 46.00.
Investor Recommendation:
This day will focus on the UK’s unemployment rate, Germany’s ZEW Economic Sentiment Index, and US retail sales and industrial production figures. Retail sales and industrial production in the US are particularly significant, as they could influence expectations regarding Federal Reserve monetary policy. Investors are advised to track these indicators closely and be prepared for potential market volatility.
Wednesday, December 18
00:30
United States:
- API Crude Oil Stock Change for the week. Previous: +0.50 million barrels.
10:00
United Kingdom:
- Consumer Price Index (CPI) for November: YoY: Previous — 2.30%, Forecast — 2.50%. MoM: Previous — +0.60%.
13:00
Eurozone:
- Final CPI for November: YoY: Previous — 2.30%, Forecast — 2.30%. MoM: Previous — +0.30%, Forecast — -0.30%.
16:30
United States:
- Building Permits for November: Previous — 1.42 million.
- Housing Starts for November: Previous — 1.31 million, Forecast — 1.34 million.
18:30
United States:
- EIA Crude Oil Stock Change for the week. Previous: -1.43 million barrels.
- EIA Distillate Stock Change for the week. Previous: +3.24 million barrels.
- EIA Gasoline Stock Change for the week. Previous: +5.09 million barrels.
19:00
United States:
- Producer Price Index (PPI) for November: YoY: Previous — 2.70%. MoM: Previous — -0.60%.
22:00
United States:
- Federal Reserve Interest Rate Decision: Previous — 4.75%, Forecast — 4.50%.
Investor Recommendation:
Significant economic data releases include inflation figures from the UK and Eurozone, as well as the Federal Reserve’s interest rate decision. These events could greatly impact financial markets, so it is recommended to monitor updates closely and prepare for potential volatility.
Thursday, December 19
15:00
United Kingdom:
- Bank of England Interest Rate Decision for December: Previous — 4.75%, Forecast — 4.75%.
16:00
Russia:
- Weekly International Reserves: Previous — $614.40 billion.
16:30
United States:
- Initial Jobless Claims for the week: Previous — 242K.
- GDP Deflator for Q3: Previous — 2.50%, Forecast — 1.90%.
- Gross Domestic Product (GDP) for Q3: Previous — 3.00%, Forecast — 2.80%.
17:00
United States:
- Existing Home Sales for October: Previous — 3.96 million, Forecast — 3.97 million.
Investor Recommendation:
Key events include the Bank of England’s interest rate decision and US GDP data for Q3. The Bank of England’s decision could influence the pound and UK equities, while US GDP and deflator data provide critical insights into the American economy, potentially affecting Federal Reserve expectations. Stay updated and ready for market fluctuations.
Friday, December 20
02:30
Japan:
- Core CPI (YoY) for December: Previous — 2.30%, Forecast — 2.60%.
13:30
Russia:
- Bank of Russia Interest Rate Decision for December: Previous — 21.00%, Forecast — 23.00%.
16:30
United States:
- Personal Income (MoM) for November: Previous — 0.60%, Forecast — 0.40%.
- Personal Spending (MoM) for November: Previous — 0.40%, Forecast — 0.50%.
- Core PCE Price Index (MoM) for November: Previous — 0.30%.
- Core PCE Price Index (YoY) for November: Previous — 2.80%.
- PCE Price Index (MoM) for November: Previous — 0.20%.
- PCE Price Index (YoY) for November: Previous — 2.30%.
18:00
United States:
- University of Michigan Consumer Sentiment Index for December: Previous — 71.80.
Investor Recommendation:
Focus will be on the Bank of Russia’s interest rate decision, which could significantly influence the Russian stock market. Additionally, US data on personal income, spending, and PCE price indices are critical for assessing inflationary pressures. The University of Michigan Consumer Sentiment Index provides further insight into consumer confidence, potentially affecting the dollar and equities.
