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US services PMI expected to decline – Danske Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 18, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Delhi) – Research Team at Danske Bank, suggests that 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.

    Key Quotes

    “This is still a decent level, which points to further growth in the service sector. Fed's Lacker (voter, hawkish) is scheduled to speak tonight. He will give his 2016 US economic forecast.

    In Norway, unemployment figures will be released at 10:00 CET.

    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.”
    For more information, read our latest forex news.

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