Macroeconomic Outlook for Next Week: The market is likely to remain calm during the New Year's holiday, but economic data may contradict the Federal Reserve.

PANews reported on December 28 that U.S. stocks fell this Friday, disappointing investors' expectations of 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 in next week's economic data; however, any headline news related to Trump's policies may also stimulate market volatility. Here are the key points that 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, Initial jobless claims in the U.S. 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 wane. The initial jobless claims next week may also become a significant driving force for the dollar's trend. Any data indicating that the Federal Reserve is overly cautious about inflation while being overly optimistic about the labor market could lead to the recent rise of the dollar collapsing.