Monday, December 20, 2021

Week Ahead Watch List

Sentiment readings headline the coming week with declines mostly expected, no surprise given unfolding Covid risks not to mention the withdrawal of monetary stimulus by the Federal Reserve and Bank of England. GfK's consumer climate report will be posted Tuesday as will the Eurozone's consumer confidence flash followed on Wednesday by the US consumer confidence index (this latter report has been moved up from the prior week). Business and consumer confidence in Italy will be posted Thursday. Inflation data will open on Thursday with the PCE price indexes (part of the US personal income and outlays report) where no slowing is expected. And outright gains, though limited, are expected for Japanese consumer prices on Friday. Canada will post retail sales on Tuesday and monthly GDP on Thursday with US data to also include durable goods orders, jobless claims, and new home sales all on Thursday. Expectations for the US data are upbeat. US and UK GDP reports on Wednesday will be revisions.

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