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5 things to know before the World Market opens 28 December

by AgaBullion
5 things to know before the World Market opens 28 December

1-Business Confidence (DEC) - South Korea

In South Korea, the Business Survey Index (BSI) in the manufacturing sector measures the level of optimism that business leaders have about the performance of the economy in the current month and their outlook for the following month. The Index is based on the survey of around 2800 companies in fifteen areas including sales, inventories, production facilities, prices, labor force and profitability. For each of the indicators measured, the net difference between the number of positive responses and the number of negative responses is computed. The BSI above 100 indicates an improving outlook and below 100 a deteriorating outlook.

2-BoJ Summary of Opinions - Japan

In Japan, interest rates are set by the Bank of Japan's Policy Board in its Monetary Policy Meetings. The BoJ's official interest rate is the discount rate. Monetary Policy Meetings produce a guideline for money market operations in inter-meeting periods and this guideline is written in terms of a target for the uncollateralized overnight call rate.

3-Unemployment Rate (NOV) - Brazil

In Brazil, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

4- Unemployment Rate (NOV)- Mexico

In Mexico, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

5-Pending Home Sales YoY (NOV) - United States

The Pending Home Sales Index, a leading indicator of housing activity, measures housing contract activity, and is based on signed real estate contracts for existing single-family homes, condos and co-ops. When a seller accepts a sales contract on a property, it is recorded into a Multiple Listing Service (MLS) as a "pending home sale." The majority of pending home sales become home sale transactions

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