Following the recent very intense days with a rate hike in the US (Wednesday) and monetary policy meetings in Norway (Thursday) and Japan (Friday morning), we are in for a relatively quiet day in terms of data releases today.
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. This is still a decent level, which points to further growth in the service sector.
In Norway, unemployment figures will be released at 10:00 CET.
Fed's Lacker (voter, hawkish) is scheduled to speak tonight. He will give his 2016 US economic forecast.
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.
To read the entire report Please click on the pdf File Below.