News of the day. Monday 14.12.2015

December 14, 2015

No important publications are expected on Monday and markets can have a rest before the key event of the week – the Federal Open Market Committee meeting that will be held on Tuesday and Wednesday. Nevertheless, today attention needs to be paid to October data on Industrial Production for the eurozone that is due at 12 pm (all times stated in GMT+2). It is worth noting that Industrial Production in the eurozone was falling for the last two months and if the tendency continues that could pressure the Euro. On Monday night at 2:30 am, the House Price Index for the third quarter of the year is due in Australia, which can be used as the leading indicator for inflation. During this year, the index was growing on quarter-over-quarter and year-over-year counts. The RBA Meeting Minutes will be published at the same time, which traditionally attract investors’ attention as they may provide some hints on future plans of the regulator regarding its monetary policy.

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