In the US session PPI and Consumer Sentiment data was released. According to the latest release, US PPI fell by 0.2%, missing market predictions on 0.1% decrease. This decrease followed a 0.2% rise in October and a 0.1% decline in September. On an unadjusted basis, the index for final demand advanced 1.4% for the 12 months ended in November, the smallest 12-month increase since a 1.2% rise in February 2014. Core PPI was unchanged in October, also missing market expectations on 0.1% raise.
The Thomson Reuters/University of Michigan's preliminary reading on the overall index on consumer sentiment for this month came in at 93.8, the highest reading since January 2007 and above market forecasts on incline to 89.5.
From Australia, on Monday, New Motor Vehicle Sales data will be released. Analysts are hoping for a better reading this month. Also, RBA will release its Mid-Year Economic and Fiscal Outlook that could bring a bit volatility to the markets. In the US session Empire State Manufacturing Index and Industrial Production figures are scheduled for a release. Analysts forecast rise to 12.1 in Empire State Manufacturing Index as well as 0.8% growth in Industrial Production.
Figures to watch:
New Motor Vehicle Sales (Monday 1:30)
Mid-Year Economic and Fiscal Outlook (Monday 2:30)
Empire State Manufacturing Index (Monday 14:30)
Industrial Production (Monday 15:15)
