U.S. stocks fell this Friday, disappointing investors' expectations for the 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 in next week's economic data; however, any headlines related to Trump's policies could also stimulate market volatility. Here are the key points the market will focus on in the new week:

Monday 23:30, U.S. December Dallas Fed Business 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 rise may fade; the initial jobless claims next week could also become a major driving force for the dollar's trend, and any data indicating that the Federal Reserve is overly cautious about inflation while being overly optimistic about the labor market could lead to a breakdown in the recent dollar rally.