There are not many important publications on Monday as markets are resting after the hectic last week. Nevertheless, attention needs to be paid to the publication of October data on the Industrial Production in Germany, due at 9 am (all times stated in GMT+2). On a month-to-month basis the index is expected to grow from -1.1% to 0.7%. It is likely that it will grow against the previous year as well that would support the Euro. The Labour Market Conditions Index for November is due at 5 pm in the US. The index represents the general state of the labour market in the US economy. Fed’s Bullard speech is due at 7:30 pm. Public appearances of Fed officials traditionally attract attention of investors, and especially now, when markets are expecting long-awaited changes in monetary policy.
On Monday night, releases will come out from the Asian markets. The GDP data from Japan is due at 1:50 am. The Japanese economy is expected to be in a better shape in the third quarter than it was in the second. Against the previous quarter the index will increase from -0.2% to 0.0%, while against the previous year it will grow from -0.8% to 0.1%. The economy growth, however, is very insignificant and is unlikely to support the Yen. November data on Trade Balance in China is due at 4 am. According to forecasts, trade balance will show a surplus of 63.30 billion US Dollars, mostly due to imports reduction.Publication source