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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.
MNI (Washington)
Key Things to Watch :
- Monday, December 21 – EU Preliminary Consumer Confidence
- Consumer sentiment in the Eurozone deteriorated in November to -17.6, the lowest since May amid renewed lockdowns in several European countries. In December, markets are looking for a small uptick in consumer confidence to -17.4. Infection rates continue to rise in several countries despite the tight measures in November.
- As a result, several countries are persisting with restriction and lockdown measures, while others have even tightened them which will weigh on sentiment in December. However, the positive news regarding a vaccine should provide a boost in the coming months.
- Wednesday, December 23 – U.S. Personal Income
- Set to decline again in November, with Bloomberg forecasting a 0.2% decline following a 0.7% decrease in October.
- Retail sales in November fell by more expected, suggesting weak personal spending.
- Renewed business restrictions in some areas due to surging Covid-19 cases, hospitalizations, and deaths in November could have also curtailed some spending.
- Wednesday, December 23 – U.S. Weekly Jobless Claims
- U.S. initial jobless claims filed through December 19 are expected to reach 863,000, slightly lower than the 885,000 claims filed through December 12.
- Unemployed Americans continue to rely on special UI programs established under the CARES Act, with 455,037 Pandemic Unemployment Assistance claims filed through December 12, the Labor Department reported last week. That program, extending benefits to independent contractors and the self-employed, expires at the end of the month, along with the Pandemic Emergency Unemployment Compensation program.
MNI Washington Bureau | +1 202-371-2121 | brooke.migdon@marketnews.com
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.
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