Summary Key Macro Events
🇨🇳 Index provider FTSE Russell starts the week by deleting shares of eight Chinese companies from its global equity indexes and China A Inclusion Index. (21)
🇬🇧 🇪🇺 Brexit trade-deal talks may be continuing and the U.K. Parliament is on standby to be recalled next week to ratify any agreement that may be reached with the EU. (21)
🇪🇺 A European Medicines Agency committee meets to review the vaccine made by Pfizer and BioNTech earlier than planned, after pressure from EU countries – Bloomberg (21)
🇨🇳 The Standing Committee of China’s National People’s Congress will hold a five-day meeting to review, among other proposed laws, amendments to military-related laws and a draft Anti-Monopoly Law. (22)
🇺🇸 Consumer Confidence for December (22)
🇺🇸 Existing Home Sales for November (22) ➡ I expect a downward surprise.
🇮🇱 If Israel’s current ruling coalition, led by Prime Minister Benjamin Netanyahuand Defense Minister Benny Gantz, can’t reach a compromise on the national budget by today’s deadline the government automatically falls, and Israel will be forced into another election, its fourth in two years (23)
🇺🇸 Durable Goods Orders for November (23)
🇺🇸 New Home Sales for November (23)
🌎 Most stock markets close for Christmas. Australia, Canada, and U.K. markets also shut on Dec. 28. (25)
Earnings
upcoming #earnings https://t.co/lObOE0dgsr $FDX $BB $WGO $DRI $AIR $APOG $SCHL $APDN $SCS $RFIL $MNSO pic.twitter.com/pP3yktYu4m
— Earnings Whispers (@eWhispers) December 17, 2020
Previews
Your Week in Asia
— Sinovac vaccine results
— Japan 2021 budget
— China Anti-Monopoly Lawhttps://t.co/vS2XsgqxpU— Nikkei Asia (@NikkeiAsia) December 20, 2020
A holiday-shortened week offers an array of data likely to confirm the U.S. economic recovery is slowing, including jobless claims and consumer spending https://t.co/ijUe02NAyi
— Real Time Economics (@WSJecon) December 20, 2020
Focus on 🇺🇸 Economic Calendar
Schedule for Week of December 20, 2020 https://t.co/1lAeTqjTHS The key economic reports this week are New Home Sales, Existing Home Sales, the 3rd estimate of Q3 GDP, and November Personal income and outlays.
— Bill McBride (@calculatedrisk) December 19, 2020
🇺🇸U.S. ECONOMIC DATA THIS WEEK:
*FINAL Q3 GDP (TUES.)
*CONSUMER CONFIDENCE (TUES.)
*EXISTING HOME SALES (TUES.)
*NEW HOME SALES (WED.)
*JOBLESS CLAIMS (THURS.)
*DURABLE GOODS ORDERS (THURS.)
*CHRSITMAS EVE (THURS.)
*CHRSITMAS DAY (FRI.)⚠️https://t.co/zssQozcKnb$DIA $SPY $QQQ pic.twitter.com/nvfEpnS1i4
— Investing.com (@Investingcom) December 20, 2020
Top 10 Macro/Financial Charts of the Previous Week – w51
⚠ Top 10 Macro/Financial Charts of the Week – w51 ⚠
HT @Schuldensuehner, @Callum_Thomas, @LizAnnSonders, @zerohedgehttps://t.co/57fvjBLkmI
— Christophe Barraud🛢 (@C_Barraud) December 21, 2020
What happened in the World Economy last Week – in charts – w51 (Bloomberg)
The week in the global economy, in charts https://t.co/xYhiUpboiw
— Bloomberg Economics (@economics) December 18, 2020
