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- European session review: european currencies are strengthening.
European session review: european currencies are strengthening.
Initial jobless claims are expected to fall 3,000 to 406,000 in the January 8 week.
The international trade gap is forecast to widen to $41.0 billion in November after narrowing to $38.7 billion in October. Analysts will be watching the data closely to help set up their 4Q GDP forecasts.
Meanwhile, producer prices are expected to jump 0.9% in December. The core PPI is expected to rise 0.2%, as the power to pass on higher input prices remains very weak.
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