Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Tuesday sees another quiet data day, with releases on both sides of the Atlantic largely second tier. The main data points will be Norwegian monthly GDP data at 0700GMT, the U.S., the latest weekly Redbook sales data at 1355GMT and the U.S. JOLTS data at 1500GMT.
Norway GDP likely fell in November
Having recovered through the summer months and rising 1.2% m/m in October, Norway's Mainland GDP likely fell sharply in November, with analysts looking for a decline of 1.6% m/m -- although still a long way shy of the 6%+ monthly decline seen in the early days of the pandemic.
US data seen as second-tier
There are no major data releases in the U.S. Tuesday. Releases get underway at 1100GMR, when the NFIB business optimism data is published, followed by the latest weekly Redbook sales numbers at 1355GMT.
Following, at 1500GMT, the latest JOLTS data is released, followed by the NY Fed's weekly Economic Indicator at 1630GMT.
There is a pick-up in the appearances by central bank policymakers. BOE Governor Andrew Bailey is slated to speak at 0830GMT, followed by Deputy Governor Ben Broadbent at 1000GMT. There are a host of Fed speakers on deck, including Rapael Bostic, Lael Brainard, Eric Rosengren, Neel Kashkari, Rob Kaplan Loretta Mester and Esther George.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.