(All times GMT):
Tuesday 3rd January
09:30 – UK Manufacturing PMI: The November manufacturing index totalled 47.6, a 0.2 point increase compared with October (the second consecutive month of manufacturing contraction), down from 62 as recently as February 2011. The December manufacturing index is forecast as 47.30.
15:00 – U.S. ISM Manufacturing PMI: The ISM index rose to 52.7 in November, up from 50.8 in October; the index has yet to fall below 50 during 2011 (indicating a contraction in activity). The December manufacturing index is forecast to increase to 47.9.
19:15 – FOMC Meeting Minutes: Report available here
Thursday 5th January
13:15 – ADP estimate of US non-farm payroll: The ADP report will provide an estimate for the U.S non-farm private employment change during the month of December with a higher than expected reading being bullish for the USD (5 of the last 6 readings have been higher than the consensus forecast); The December estimate is forecast at 375k.
15:30 – EIA Crude Oil Market Report: the EIA (Energy Information Administration) will publish its weekly report on the U.S oil and petroleum market for the week ending on December 30th; in the previous report crude inventories fell by 3.9mmbbl to 327.5mmbl. The Latest report will be available here.
20:30 Cotton On-Call: Call cotton refers to physical cotton traded whose price has yet to be fixed. The latest report available here.
Friday 6th January
13:30 – US Non-farm Employment Change: November data showed a net 120k increase in employment up from 80k in October. December data is forecast to increase by 150k.
20:30 Commitment of Traders report: provides a breakdown of the previous Tuesday’s open interest. Report will be available here.
For more detailed information please see the Live Economic Calendar
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