On the U.S. economic calendar this week, we’ll get new readings on inflation, retail sales, regional manufacturing, housing starts & building permits, industrial production, and consumer sentiment.
The consensus forecast is that industrial production growth slowed to 0.1% in December from 1.1% in November, while the expectation is for mixed numbers on housing starts & building permits. On the trade front, the U.S. and China are expected to sign a “phase-one” trade deal on Wednesday, while China releases new data on GDP, retail sales, and trade this week. In Europe, we’ll get new figures on Eurozone industrial production and inflation, along with the minutes of the last European Central Bank meeting. Have a great week!