EUROPEAN SESSION
In the European session, the only highlight will be the German IFO index. It's expected to tick higher to 88.2 vs 87.6 prior, which would mirror the improvements seen with the German ZEW index and the German PMIs. The data is not going to change anything for the ECB though, so the market reaction will likely be muted.
Germany IFO index
AMERICAN SESSION
In the American session, we don't have much on the agenda other than a couple of low tier releases like the US durable goods orders and the Dallas Fed manufacturing PMI. The durable goods data is rarely a market-moving report because it's very volatile. This time it's also very old because it's November's data. The Dallas Fed is also rarely market-moving as the market focuses on the S&P Global and ISM PMIs.
CENTRAL BANK SPEAKERS
- 11:00 GMT/06:00 ET - ECB's Nagel (neutral - voter)
- 13:30 GMT/08:30 ET - ECB's Nagel (neutral - voter)
- 15:00 GMT/10:00 ET - ECB's Kocher (neutral - voter)
- 17:00 GMT/12:00 ET - ECB's Kocher (neutral - voter)
