The US is leading the announcements in what has been quite an eventful week for markets.

During the early hours of tomorrow morning, the US is set to release a swathe of data. This data includes: Capacity Utilisation Rate, Industrial Production, Prelim UoM (University of Michigan) Consumer Sentiment & Inflation Expectations, CB (Conference Board) Leading Index and Labor Market Conditions Index. The most important figures to watch out for are the UoM Consumer Sentiment, Capacity Utilisation Rate and the Industrial Production data. The consumer sentiment data gives us a strong indication of consumer confidence within the US economy. This has become an even more vital gauge as we start to see Donald Trump’s policies implemented. The capacity utilisation data is important as it reflects the percentage of available resources being utilised by manufacturers, mining and utilities companies. This is important because a higher percentage generally translates into higher demand for products and services. That then affects growth and inflation within the economy. The Industrial Production data is crucial to gauging the strength industrial sector, a critical sector within the economy.

Elsewhere around the world, Europe is releasing European & Italian Trade Balance data, while the UK is publishing its BOE Quarterly Bulletin and Canada is reporting its manufacturing Sales figures. Finally, G20 Meetings start later today.