Danske Daily - 23 December 2015

Published 12/23/2015, 02:46 AM
Updated 05/14/2017, 06:45 AM

Market Movers

In the US monthly PCE inflation data for November are due. We estimate PCE core inflation was 0.1% m/m in November, taking the annual growth rate to 1.4%, although we admit it is a close call between 1.3% and 1.4%. We estimate headline PCE inflation was +0.1% m/m (0.5% y/y). There is no doubt the Fed would still very much like PCE core inflation to move higher and we believe this is an important reason why the Fed would like to hike slowly.

In the UK , the third estimate of GDP growth in Q3 is due and we do not expect any revisions. The unit labour cost figures could attract some attention due to the Bank of Englands focus on wage pressure.

In Canada we get numbers for retail sales and GDP for October.

To read the entire report Please click on the pdf File Below.

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