Weekly Markets Diary – 09 December

Week Ahead

This week has been looming ever since the last US CPI print in November. Can the key CPI data on Tuesday show that inflation has continued to ease at the pace the markets have already priced in?

Without this a great deal of the recent equity market gains good yet be rapidly reversed.

We also have a heavyweight week of central bank announcements, where the Fed, ECB and BoE are all expected to hike rates by 0.5%. Making the accompanying central bank statements potentially of more interest. Will the CPI print on Tuesday allow the Fed to tone down its previous hawkish statements?

If so the market could post a relief rally, although this may fade quite quickly as much of this positive move has already been priced in. Seemingly creating more of a downside risk next week. So traders do need to remain wary of more volatile moves ahead.

‍

Trading Calendar

Monday 12th December

Major Companies Reporting:

US 500:

UK 100:

Germany 40:

Major Economic Data Due:

No Major Data Due

‍

Tuesday 13th December

Major Companies Reporting:

US 500:

UK 100: Marks & Spencer

Germany 40:

Major Economic Data Due:

13:30 US November CPY y/y nsa, 7.7% previous

‍

Wednesday 14th December

Major Companies Reporting:

US 500:

UK 100: TUI AG

Germany 40:

Major Economic Data Due:

07:00 UK November CPI Inflation, 10.9% expected, 11.1% previous

19:00 US December FOMC Rate Announcement, 4.38% expected, 3.88% previous

‍

Thursday 15th December

Major Companies Reporting:

US 500:

UK 100:

Germany 40:

Major Economic Data Due:

12:00 UK Bank of England Rate Announcement, 3.5% expected, 3% previous

13:15 EZ ECB Rate Announcement, 2.5% expected, 2% previous

13:30 US November Retail Sales, -0.1% expected, 1.3% previous

‍

Friday 16th December

Major Companies Reporting:

US 500:

UK 100:

Germany 40:

Major Economic Data Due:

07:00 UK November Retail Sales y/y, -6.1% previous

10:00 EZ November Inflation, final y/y, 10% expected, 10% previous

‍