UK Unemployment Data Tuesday [Video]

The pace of news releases picks up on this Tuesday, so let’s take a look at the potential market movers with the Dukascopy Economic Calendar. The high importance UK Employment Report for December opens this agenda at 9:30 in the morning. Unemployment rate was unchanged at 4.1 percent in previous report. The number of people claiming for unemployment benefits were up by nearly 22 thousand, which was the sixth consecutive increase. The UK Public Sector Finances report for December will be available at the same time as the jobs data. Net borrowing with public sector banks excluded was 7.2 billion pounds in November. This was nearly one billion pounds less than a year ago. The Euro Zone and German ZEW Surveys for January are up next at 10 o’clock. Economic sentiment remained in the negative territory in December, but declines moderated, surprising on upside. A couple of Canadian publications for November will then be available at 1:30 PM GMT. This includes Wholesale Sales figures and Manufacturing Sales statistics. The US Existing Home Sales data for December follows at 3 o’clock. Total November existing home sales increased by 1.9 percent from October to a seasonally adjusted rate of 5.32 million. The Kiwi Dollar traders should be monitoring closely the high importance New Zealand CPI release for the final quarter of last year. Inflation accelerated faster than expected in the third quarter as it jumped by point 9 percent. The publication of the Australian Leading Index for November continues the data run at 11:30 PM. The index slipped by one tenth of a percent in October to wipe out September’s increase. Japanese Trade Balance for December wraps up this agenda at ten to midnight. Deficit expanded in November to 737.3 billion Japanese Yen. This compares with a surplus of more than 100 billion a year ago. I’m Kiays Khalil and that’s all for Tuesday’s Economic Calendar. Bye for now.

 

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