Across the Curve

CHINA: Tonight will bring the China Official PMI for both the Manufacturing and Non-Manufacturing sectors. The BBerg consensus expects the Manufacturing PMI to slip to 50.0 from 50.3 in November; the Non-Manufacturing PMI was 53.9 in November.

S. KOREA: The December Trade Data will be released tonight, with a focus on Export momentum; Exports declined a disappointing -2.1% YOY in November.

INDIA: Friday morning will bring the release of the December Manufacturing PMI, an index that surged to a 21-month high of 53.3 in November.

EURO ZONE: The BBerg consensus expects the final December Manufacturing PMI to be confirmed at 50.8,  a rebound from 50.1 in November and the strongest since July.

GERMANY: The BBerg consensus expects the final December Manufacturing PMI to be confirmed at 51.2,  a rebound from 49.5 in November; the average in 2014 was 52.4.

FRANCE: The BBerg consensus expects the final December Manufacturing PMI to be confirmed at 47.9,  down from 48.4 in November and would be the 8^th consecutive below 50.

ITALY: The BBerg consensus expects the December Manufacturing PMI at 49.5,  a slight rebound from 49.0 in November.

SPAIN: The BBerg consensus expects the December Manufacturing PMI at a very solid 54.9,  a slight improvement from 54.7 in November. The consensus also expects Unemployment to post a solid -72.3K change in December as seasonal hiring reduces unemployment.

UK: BBerg consensus expects the December Manufacturing PMI at 53.6,  a slight increase from 53.5 in November, which would be the strongest reading since July.