Volatile week ahead

For the week ahead one of the most intriguing events will be the progress on the tax reform in the US. Of course, OPEC meeting is on the headlines along with Fed’s Chair nominee Powell’s confirmation hearing and JEC testimony from Yellen.

This  Monday we will have release of new homes sales figures in USA and FOMC Member Kashkari speech.

Tuesday will bring data on consumer confidence survey in Germany, BoE’s Bank stress results and financial stability report as well as several bankers’speeches in USA.

On Wednesday, the highly anticipated meeting between oils ministers from OPEC will take place in Vienna. Next on the agenda for the day will follow macro data for the euro area, consumer prices index in Germany, GDP Q3 numbers in USA and Fed’s Beige book report. Additionally, Fed Chair Yellen will give her final JEC testimony.

On Thursday will be announced the outcome from the OPEC meeting. Further on are due data on business activity in China - industry and services sectors, retails sales numbers and unemployment rate in Germany. Eurostat will publish inflation data for the euro area. Within Unites States we can expect data on personal expenditure index.

Friday are expected several Markit’s Manufacturing PMI reports.