Week Ahead – w52
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