Markets are waiting for Spain and Italy to sell securities tomorrow, with expectations to more obstacles in funding, where risk appetite kept on hold waiting for the latest EU crisis developments.
On the other hand, China will issue its inflation report, where expectations refer to further slowdown in the inflation level which in roll will help the PBoC to focus more on the economic growth, in the way that will spur the global demand.
On Thursday at 23:50 GMT (Wednesday), the Japanese economy will issue the Current Account Total for November, where the expectations refer to a surplus of 246.8 billion yen from the prior surplus of 562.4 billion yen.
The Adjusted Current Account Total for November is expected to show a surplus of 446.0 billion yen from the prior reading of 518.6 billion yen. While the Trade Balance is expected to show a deficit of 599.4 billion yen, from the previous deficit of 206.1 billion yen.
At 05:00 GMT, Japan will issue Eco Watchers Survey: Current for December which had a prior reading of 45, as for the Eco Watchers Survey: Outlook it had a previous reading of 44.7.
The U.S. economy will release the Advance Retail Sales for December at 13:30 GMT, where the expectations refer to 0.2% in line with the previous reading. The Retail Sales Less Autos is expected to rise to 0.3% from the prior 0.2%.
At 13:30 GMT, U.S. economy will issue its weekly initial claims numbers, where the number of people filing for first-time claims for the state unemployment insurance increased 372 thousand last week.
The U.S. Business Inventories for November will be released at 15:00 GMT, with a previous reading of 0.8% and the expectations refer to 0.4%. While the Monthly Budget Statement for December will be released at 19:00 GMT, and it’s expected to show a deficit of 79.0 billion.