In the US, after the release of the Institute of Supply Management index for the manufacturing sector yesterday, data regarding factory orders during November was expected to be released later on during the day. Later during the week, the ISM index for the services sector in December is expected to be released. This is expected to be a record high for the year. In the labour market, the unemployment rate in December is expected to be released after the decline in the participation rate which has kept this rate below double digits throughout 2010. In the meantime, the change in non-farm payrolls as well as the private payrolls is expected to show and increase for the month of December.

In the eurozone, the coming week’s dataflow includes industrial new orders for the month of October, after the reading of inflation, measured by the Consumer Price Index today. These are likely to have increased after a sharp month-on-month drop in September. In the meantime, after the sharp downward revision figure for the month of October, retail sales in the euro area, although improving are expected to be weak. After the final reading of Gross Domestic Product (GDP) for the third quarter of 2010, which is expected to be confirmed at 0.4 per cent q/q, the unemployment rate for the euro-area is expected to have remained at 10.1 per cent in November with continued differentiation between countries, especially between the core and the periphery.

In the UK, the release of the Purchasing Manager Index for December and consumer credit and money supply figures for November are expected to be released today. In the meantime, the PMI for the construction and service sectors for December will be published later on during the coming week, with the latter expected to continue lagging the manufacturing PMI index

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