There were no major data releases from Eurozone yesterday. The index of selling prices in German wholesale trade was down 1.2% on an annual average in 2015 from the preceding year, as reported by the Federal Statistical Office (Destatis). Compared with December 2014, the index decreased by 1.0% in December 2015. In November 2015 the annual rate of change was –1.1% and in October 2015 it was –1.6%, respectively. Compared with November 2015 the index of wholesale prices fell by 0.8% in December 2015. Separate report, showed that in November 2015 the seasonally adjusted Italian industrial production index decreased by 0.5% compared with the previous month.
In the US session
Unemployment Claims figures were released. In the week ending January 9, the advance figure for
seasonally adjusted initial claims was 284,000, an increase of 7,000 from the previous week's unrevised level of 277,000. Analysts were forecasting decrease to 275,000. The 4-week moving average was 278,750, an increase of 3,000 from the previous week's unrevised average of 275,750.
There will be no major data releases from Eurozone tomorrow, so we can expect steadier morning part of the session. In the US session Retail Sales, PPI, Empire State Manufacturing Index, Industrial Production and Consumer Sentiment figures are scheduled for a release. Retail Sales are expected to decrease by 0.1%, PPI should decline by 0.2%, while Empire State Manufacturing Index should rose to -4.1. Industrial Production is forecasted to fell by 0.2%, while no change is predicted for consumer sentiment.
Figures to watch:
Retail Sales (Friday 14:30)
PPI (Friday 14:30)
Empire State Manufacturing Index (Friday 14:30)
Industrial Production (Friday 15:15)
Prelim UoM Consumer Sentiment (Friday 16:00)
