Relatively Light Tuesday Calendar [Video]

The German IFO Business Climate release for December opens this agenda at 9 o’clock in the morning. Sentiment among German businesses weakened further in November and the index edged down to 102.
The US Housing Starts and Building Permits stats for November are up next at 1:30 PM GMT. Housing starts were up by 1 and a half percent in October, while permits contracted by point six percent.
Then we have a couple of publications regarding the New Zealand economy, including the Westpac Consumer Sentiment for the fourth quarter at 8 PM. Consumer confidence took a sharp decline in the September publication as it lost 5.1 points from the June level. This marks the lowest level in six years for the consumer sentiment.
The New Zealand Current Account report for the third quarter is up next at 9:45 PM. Current account balance stood slightly in the green in the year’s opening quarter, but it dropped to 1.62 billion New Zealand Dollars in the red in the June quarter.
The Australian Leading Index for November is up next at 11:30 PM. The index edged up by one tenth of a percent in October, after staying flat in September.
The Japanese Trade Balance report for November wraps up this agenda at ten to midnight. A deficit of 449 billion Yen was recorded in October and this was up from nearly 279 billion a year ago.