PANews, December 28 - U.S. stocks fell this Friday, disappointing investors' expectations for a so-called 'Santa Claus rally'. As the New Year's holiday approaches, global financial markets may also tend to remain calm in the coming week. The U.S. ISM Manufacturing Purchasing Managers' Index (PMI) may be the only focus of economic data next week. However, any headlines related to Trump's policies could also stimulate market fluctuations. Here are the key points the market will focus on in the new week:
Monday 23:30, U.S. December Dallas Fed Manufacturing Activity Index
Thursday 9:45, China's December Caixin Manufacturing PMI
Thursday 21:30, U.S. initial jobless claims for the week ending December 28
Thursday 22:45, U.S. December S&P Global Manufacturing PMI Final
Friday 23:00, U.S. December ISM Manufacturing PMI
If economic data contradicts the Federal Reserve, the dollar's upward momentum may fade. The number of initial jobless claims next week could also become a significant driver of the dollar's movement. Any data indicating that the Federal Reserve is overly cautious about inflation while being too optimistic about the labor market could lead to the recent rise of the dollar unraveling.