Unless the Bank of Canada on Wednesday or the European Central Bank on Thursday surprise everyone by tapering asset purchases, the most market-moving news of the week looks to be Chinese and US consumer prices both on Thursday, the former not expected to show much pressure but the latter perhaps so. Switzerland opens the CPI data on Monday and though pressures here are expected to pick up, forecasters don't see much chance of any shocking results. Chinese merchandise trade opens the week on Monday and the only question will be how much the country's imports and exports are surging. Jobs data won't dominate events as they did in the prior week but will include unemployment updates from Switzerland on Monday and US jobless claims on Thursday. German data will open with manufacturers' orders on Monday and both industrial production and the ZEW survey on Tuesday. France will post industrial production on Thursday and the UK both industrial production and monthly GDP on Friday.
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