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.
UK
- 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.
US
- 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.
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