Market themes of the Day: UK manufacturing and US inflation set to headline

Mario Blascak, PhD Independent Analyst

What you need to know before markets open
Main themes:

The US Federal Reserve Chairman Jerome Powell emphasized that the Fed is now in a place where it has room to be patient and flexible in terms of further adjustments in monetary policy.
The UK manufacturing output is expected to rise 0.3% over the month in November while monthly UK GDP is set to increase by 0.1%. For detail read my UK manufacturing Preview here.
The US inflation is expected to remain above target at 2.2% in December. For details read Joseph’s inflation Preview here.

Europe

French manufacturing output slipped back sharply falling by −1.4% m/m in November after +1.4% m/m in the previous month.

The UK manufacturing output is expected to rise 0.3% over the month in November while monthly UK GDP is set to increase by 0.1%. For detail read my UK manufacturing Preview here.

The US weekly jobless claims reached better than expected 216K versus 226K estimated.
The Federal Reserve chairman Jerome Powell repeated that the Fed has the ability to be patient given the inflation data.
Federal Reserve Vice Chairman Richard Clarida confirmed the message saying Fed can afford to be patient in assessing how to adjust policy as data evolve in 2019.
The US inflation is expected to remain above target at 2.2% in December. For details read Joseph’s inflation Preview here.

Author

Mario Blascak, PhD

Independent Analyst

Dr. Mário Bla&scaron;čák worked in professional finance and banking for 15 years before moving to journalism. While working for Austrian and German banks, he specialized in covering markets and macroeconomics.

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