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By Investing.com – Markets should recover this week, awaiting new guidance on monetary policy and an updated market health American work. The United States has agreed not to raise tariffs on Chinese imports from 10 percent to more than $ 200 billion on January 1, after talks between President Donald Trump and his Chinese counterpart Xi Jinping this weekend. .
will initiate new trade negotiations with a view to reaching an agreement within 90 days.
The trade dispute between the two largest economies in the world has disrupted global financial markets and has been an impediment to global growth
Federal Reserve Chairman Jerome Powell is expected to testify Wednesday on the economic prospects of the world. Congress. Last week, Powell said that interest rates were "just below" the neutral level, which, according to the markets, indicated that the Fed could slow down its rate hike program.
The Fed will raise its rates for the fourth time this year at its next meeting later this month and has already indicated that it could increase its rates three more times by 2019, but markets are currently expecting rates to rise next year. The November nonfarm payroll report, scheduled for release on Friday, is expected to show that job growth has slowed as a result of the slight increase in wage growth.
The markets will also follow the evolution of the Brexit debate in the British Parliament, which will determine the direction of the pound sterling.
The dollar rose on Friday, boosted by optimism ahead of the US-China talks with China, which measure the strength of the currency against a weighted basket of six major currencies, rising 0.44% at 97.12.
The euro was down, with the pair dropping 0.67% to 1.1366 at the end of the trading session.
The dollar rose slightly against the yen as the pair moved up 0.08% to 113.57.
The pound sterling peaked in two months in a climate of increasing uncertainty, with the pair dropping 0.3% to 1.2747.
Investing.com has compiled a list of important events may affect the markets.
Monday, December 3 [19659]
A Large Number of Fed Officials Should Appear, Including Governors Richard Clarida and Randal Quarles
Australia Should Release Data on construction approvals
The United Kingdom should disclose industrial sector growth data. and Lael Brainard as well as the head of the Fed in New York, John Williams
The Institute of Supply Management (ISM) is expected to publish its index of industrial activity.
Tuesday, December 4
The Reserve Bank of Australia will announce its base interest rate and issue a tax return describing the economic situation and factors affecting the decision to Monetary Policy.
Governor Mark Carney, of the Bank of England, and several political leaders are to testify about the Brexit withdrawal agreement before the Parliamentary Treasury Committee in London.
The Parliament of Britain -Britney will begin five days of debate on Prime Minister Theresa May's plan ahead of the critical vote on December 11.
The United Kingdom should publish data on the activity of the construction sector.
Chief John Williams of the New York Fed should speak.
Wednesday, December 5
Australia to release third quarter growth data
Central Bank Chairman
Fed Chairman Jerome Powell should to testify about the economic prospects of the Economic Commission for Latin America and the Caribbean.
In the United States, the ADP non-farm payroll report is expected to be released and ISM is expected to report its non-industrial activity index later in the day.
The Bank of Canada is expected to announce its interest rate decision last year and publish a statement of rates.
Thursday, December 6
Australia is expected to release data on sales and retail trade. ] The United States and Canada should publish trade figures and publish the weekly report on unemployment insurance.
BDC Governor Stephen Poloz should talk about the economic outlook and risks of the US financial system. Canada and the Interest Rate Decision in December at an Event in Toronto
Fed President Powell will deliver a speech at an event in Washington, DC while New York Fed director John Williams will make comments in New York.
Canada to release its latest employment report
The United States to release its latest employment report
Friday, December 7
Japan should release data on average earnings. close the week with Non-Farm Wages in November.
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