The Business News Week Ahead

The big market mover of the week comes on Friday, January 10: the monthly employment report from the US. November's employment report was unusually strong and the expectation for December is less strength but at a still sound level of growth, one that would not be soft enough to tilt expectations any further toward a Federal Reserve rate cut. Early in the week a focus will be the Eurozone's HICP Flash for December where no visible improvement, at least for the underlying rate, is expected. Retail sales and the outlook for holiday shopping results will be another theme, but the week's stream of data will be, not for December, but for November, data that will include the Eurozone on Tuesday and Australia on Friday. Cross-border trade may also make headlines, including data from both Canada and the US on Tuesday.