The North American Trade Report Day [Video]

The German Industrial Production report for November opens this agenda at 7 o’clock in the morning. Production slowed down by an unexpected half a percent in October after gaining just one tenth of a percent in September. The Swiss Retail Sales stats for November will then be available a half an hour later. Annual sales returned to the positive territory in October after dropping to 2 and a half percent in the red in September. The UK Halifax House Price Index for December is up next at 8:30 AM. Prices dropped by 1.4 percent month on month in November, wiping out October’s gain of point 7 percent. A couple of North American trade balance reports for November are out at 1:30 PM GMT, including the US data. Deficit expanded to 55.5 billion US Dollars in October, which is the highest level in more than 10 years. Canadian trade balance is the other publication out at this time. Deficit expanded to 1.17 billion Canadian Dollars in October as exports declined for the third consecutive month. The US Consumer Credit release for November follows at 8 PM GMT. Credit jumped by 25.4 billion US Dollars in October, which was the fastest increase in nearly a year. The Australian Building approvals stats for November wrap up this agenda at a half past midnight. The seasonally adjusted estimate for total dwellings approved fell 1.5 percent in October. This comes after an upwardly revised jump of 5.5 percent in September.