This week will be particularly intense and that intensity should focus primarily on the first three days of the week, as the US stock market will be closed on Thursday, Nov. 27, for the U.S. Thanksgiving holiday and on Friday will have a reduced session. This is an important moment for the assessment of the real state of the economy in the Euro Zone. The indicators to be published should condition the economic projections that the ECB will hold at its December meeting, as well as their propensity to implement a sovereign bond-buying program. In addition to the confidence index of German business, changes in the GDP of the German and Spanish economies will be published, inflation in the Eurozone, as well as some reliable indicators for this region. The more fragile are the numbers of the economic agenda largest is the probability assigned by investors to the implementation of a quantitative easing program by the ECB.
In the US, are also disclosed relevant data such as GDP for the 3rd quarter, consumer confidence, the Chicago Purchasing Managers’ Index, among others. The Thanksgiving Day holiday also precedes the beginning of the Christmas season retail sales, which is one of the factors of great influence in Wall Street this time of year.