Market moving info – week starting December 20, 2015

Here’s a summary of last week’s market moving news and a look ahead to the data, events and earnings reports that are likely to move the markets in the week starting December 20.

Last week:

  • The Federal Reserve raised interest rates for the first time in almost 10 years. The move takes the range of rates banks offer to lend to each other overnight, the federal funds rate, to between 0.25% and 0.5%.
  • The US lifted a 40-year ban on crude oil exports. US oil producers will from now on be able to sell crude on the international markets.

This week:

Monday, December 21

Europe:

  • Eurozone consumer confidence for December.
  • Producer prices for November.
  • Spanish election results likely to be announced.
  • Spain trade balance for October.
  • Spain mortgages data for October.
  • Greece current account balance for October.
  • Netherlands house price index for November.
  • UK CBI reported sales for December.
  • Sweden economic tendencies survey for December.
  • Sweden business, consumer confidence for November.
  • Switzerland money supply data for November.
  • Turkey consumer confidence for November.

US:

  • Chicago Fed national activity index for November.

Rest of the world:

  • Japan releases monthly economic report for December.
  • Japan industrial activity index for October.
  • Japan convenience store sales for November.
  • Brazil current account balance for November.
  • Mexico retail sales for November.

Corporate events:

  • Q2 2016 Neogen Corp Earnings Release.
  • Q3 2016 Steelcase Inc Earnings Release.

Tuesday, December 22

Europe:

  • Germany GfK consumer confidence survey for January.
  • Spain budget deficit for November.
  • Belgium business confidence for December.
  • Portugal current account data for October.
  • UK GfK consumer confidence survey for December.
  • UK budget deficit, public sector net borrowing for December.
  • Sweden producer prices, retail sales for November.
  • Switzerland trade balance for November.
  • Turkey interest rate announcement.

US:

  • Third quarter GDP, personal consumption data.
  • House price purchase index for October.
  • Richmond Fed manufacturing index for December.
  • Existing home sales for November.

Rest of the world:

  • Conference Board China Leading Economic Index for November.
  • Japan small business confidence for December.
  • Brazil federal public debt for November.

Corporate events:

  • Q2 2016 ConAgra Foods Inc Earnings Release.
  • Q1 2016 Micron Technology Inc Earnings Release.
  • Q2 2016 Nike Inc Earnings Release.

Wednesday, December 23

Europe:

  • France third quarter GDP data.
  • France households consumption goods expenditure for November.
  • Italy industrial, retail sales for October.
  • Spain producer prices for November.
  • Belgium consumer price inflation for December.
  • UK third quarter balance of payments.
  • UK third quarter GDP data.
  • UK index of services for October.
  • Norway unemployment for October.
  • Poland unemployment for November.
  • Hungary third quarter current account balance.
  • Hungary trade balance for October.
  • Bulgaria gross external debt for October.

US

  • Weekly mortgage applications data from the Mortgage Bankers Association.
  • Weekly crude inventories.
  • Durable goods orders for November.
  • PCE deflator for November.
  • New home sales for November.
  • University of Michigan Confidence index for December.
  • University of Michigan inflation expectations.

Rest of the world:

  • Canada retail sales for October.
  • South Africa national budget balance for November.
  • Brazil quarterly inflation report by the central bank.
  • Mexico bi-weekly inflation report.

Corporate events:

  • Q1 2016 Lindsay Corp Earnings Release.
  • Q2 2016 Cal-Maine Foods Inc Earnings Release.

Thursday, December 24

Europe:

  • France number of total jobseekers for November.
  • Netherlands third-quarter GDP.
  • Netherlands producer confidence for December.
  • UK British Bankers Associations loans for house purchases for November.

US:

  • Weekly natural gas inventories.
  • Weekly jobless claims.

Rest of the world:

  • Japan Tokyo consumer price inflation for December.
  • Japan unemployment for November.
  • Japan household spending for October.
  • Japan national consumer price index for October.

Corporate events:

  • None of note.

Friday, December 25

Europe

  • Most markets closed for Christmas.

US

  • Markets closed for Christmas.

Rest of the world:

  • Japan nationwide consumer price inflation (excluding fresh food and energy).
  • Japan leading index for October.

Corporate events:

  • None of note.