Trading volumes will be low and investors attentions will be focused elsewhere than the financial markets, but this is a week with a surprising amount of market news.
Tomorrow, Tuesday December 31, China announces the official Purchasing Managers Index for manufacturing. The version of the PMI from Caixin, which includes more reports from smaller, private sector companies, arrives on Thursday.
The markets then get a break for the New Years but go back into the trenches on Friday with the release of the minutes from the last meeting of the Federal Reserve and the U.S. Purchasing Managers Index for manufacturing. Economists are forecasting that the Institute for Supply Management’s survey will show manufacturing in contraction for a fifth straight month.