FXStreet (Mumbai) - After an action packed last week markets should now prepare themselves to deal with the impact of economic indicators to be released this week by major economies. All eyes will be on the slew of data ranging from CPI/PPI figures to machinery orders to unemployment rates to home loans. Markets will particularly watch out for the Chinese trade balance data as it will help experts understand the degree of slowdown and its probable impact on global economy. As China moves towards a consumer led growth model, there is much curiosity around its CPI data. BoE’s rate decision and its impact on the very strong sterling will again be monitored with great interest. NZ rate decision will also be out this week and there is likely to be a cut in rates. In Australia, as the economy tries to rebalance away from the resource sector, it will be worthwhile to note how employment has been impacted. In between there is off course speeches by central bank governors and release of minutes of central banks’ meetings. Markets will look for clue to decipher the future course of action of the various central banks in the speeches and minutes. 7th December Japan GDP Annualized (Q3) & GDP Q&Q (Q3)- Japan annualized GDP (Q3) is expected to come in at 0.1 per cent from 0.8 per cent recorded previously; while when compared quarter on quarter the GDP growth is believed to be 0.0 per cent as against the previous 0.2 per cent. Bank of England governor Carney will speak at 1500 GMT Federal Reserve’s Bullard will speak at 17.30 GMT 8th December China trade balance- China’s trade balance for November is expected to have reached $63 billion with imports once again falling more than exports. Import is believed to have fallen 12.6 per cent from the erstwhile 18.8 per cent. Exports fell 5 per cent from the previous 6.9 per cent. UK manufacturing and industrial production- Both manufacturing and industrial production is believed to have risen in November. Manufacturing production likely moved up 0.1 per cent while industrial production increased 1.3 per cent. Japan machinery orders- Month on month comparison shows Japan’s machinery orders fell (-1.5 per cent) in November. However when compared over one period, the machinery orders looked up (1.4 per cent) from -1.7 per cent recorded last year. 9th December Australia home loans- Home loans likely fell 1 per cent in October. China CPI and producer price- China’s CPI increased 1.4 per cent in November compared to 1.3 per cent recorded in October. The producer prices is believed to have remained unchanged at -5.9 per cent. US Wholesale inventories- October wholesale inventories expected to come in at 0.1 per cent from the previous 0.5 per cent. New Zealand rate decision- The reserve bank of NZ is expected to slash interest rate by 25 basis points to 2.50 per cent. 10th December Australia unemployment rate- Unemployment rate likely rose to 6 per cent in November from the previous 5.9 per cent. Bank of England rate decision- BoE is expected to hold rates steady at record low of 0.5 per cent. The rate decision will be followed by the BoE minutes UK trade balance- Goods trade balance for October is expected to have increased to 9.50 billion pound, up from 9.35 billion pound 11th December US retail sales and PPI- Retail sales is believed to have increased 0.3 per cent in November from the previous 0.1 per cent. US PPI- year on year produce price index in November will likely come in at -1.2 per cent as compared to -1.6 recorded a year ago. US business inventories- In October, business inventories dipped 0.1 per cent from the previous 0.3 per cent. For more information, read our latest forex news.