It is quite a busy day as far as announcements are concerned, but these announcements seem to be taking a backseat to Donald Trump.

The new US President is continuing to dominate headlines as he shapes his new administration and lays out his policy agenda. Make no mistake, what he says and does have an effect on the markets. Already, some are wondering whether he is getting side-tracked with his new immigration policy, instead of focussing on infrastructure spending and tax cuts. Also of importance out of the US is the ADP Non-Farm Employment Change data. This data is important to gauge the amount of newly employed people in the country. ADP is a huge payroll services company in the US, so while they are not official government figures, the figures that they release give a great indication on what the official figures will be, which are released a couple of days later. Finally, in the early hours of tomorrow morning, the Fed Reserve meets to discuss its monetary policy stance. While there hasn’t been much discussion of interest rate changes, it may be more important to take note of the language used in their statement and take clues as to where they see interest rates heading into the future.

As far as other announcements out of the US, they are set to publish Final Manufacturing PMI, ISM Manufacturing PMI, Construction Spending, Total Vehicle Sales and finally, Crude Oil Inventories.

Europe is releasing a host of information today. This includes: Spanish/Swiss & Italian Manufacturing PMIs, European/German & French Final Manufacturing PMIs and finally, EU Economic Forecasts.

Elsewhere, UK is releasing Manufacturing PMI and Nationwide HPI data. Meanwhile, Canada is publishing RBC Manufacturing PMI data.