Guide to today’s important data and events

Not many economic dockets scheduled for today, focus on Euro zone GDP.

Data released so far 

• UK - BRC retail sales dropped -0.4% in November.

• Australia - National Australia Bank's business confidence rose from 2 to 5 in November, while business conditions improved to 10 from 9.

• China - Imports dropped -8.7% in November from a year ago, while export is down -6.8% y/y. Trade balance for November came at $54.1 billion.

 Upcoming 

• Japan - Eco watchers survey to be released at 5:00 GMT.
   
• France - Trade balance and budget for October to be released at 5:00 GMT.
   
• UK - Industrial and manufacturing production for October to be released at 9:30 GMT. NISER GDP estimate will be released at 15:00 GMT.
   
• Euro zone - GDP for third quarter to be released at 10:00 GMT.
   
• US - NFIB business optimism to be released at 11:00 GMT. Followed by Redbook index at 13:55 GMT and JOLTS job openings at 15:00 GMT. TIPP economic optimism to be released at 15:00 GMT.
   
• Australia - Westpac consumer confidence index for December will be updated at 23:30 GMT.
   
• Japan - Machinery orders for October to be released at 23:50 GMT.
   
• Auctions - US will auction 1 month and 12 month bills at 16:30 GMT.