US next week: Industrial production and Fed speeches – Danske Bank
According to analysts from Danske Bank, next week looks like a fairly quiet week on the news front in the US. They see that industrial production and more Fed speeches should not give a big change to the outlook.
“In the US, industrial production for December (due to be released on Wednesday) is the main market mover of the week. The current trend in industrial production is decent and based on ISM Manufacturing Production there is room for an uptick in growth of industrial production. Both Markit and ISM PMIs point towards decent growth, although ISM seems to indicate stronger growth than we currently expect. Note that all series are very volatile and one should not put too much weight on a single observation.”
“The coming week also brings several speeches by FOMC members and we will pay particular attention to any further comments about the likelihood of another hike as early as March and a possible shift to price level targeting.”