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18 Dec 2015
US services PMI expected to decline – Danske Bank
FXStreet (Delhi) – Research Team at Danske Bank, suggests that the main data release today is the first release of December's US service PMI that is expected to decline a bit to 55.9 from 56.1 in November.
Key Quotes
“This is still a decent level, which points to further growth in the service sector. Fed's Lacker (voter, hawkish) is scheduled to speak tonight. He will give his 2016 US economic forecast.
In Norway, unemployment figures will be released at 10:00 CET.
Finally, note that Spain is set to hold general elections on Sunday. Recent polls suggest that the current right-wing government party, the People's Party (PP), will win the elections. However, PP is likely to need support from the centre anti-corruption party Ciudadanos to form a majority government.”
Key Quotes
“This is still a decent level, which points to further growth in the service sector. Fed's Lacker (voter, hawkish) is scheduled to speak tonight. He will give his 2016 US economic forecast.
In Norway, unemployment figures will be released at 10:00 CET.
Finally, note that Spain is set to hold general elections on Sunday. Recent polls suggest that the current right-wing government party, the People's Party (PP), will win the elections. However, PP is likely to need support from the centre anti-corruption party Ciudadanos to form a majority government.”