Market Analysis

Economic Diary:
Week Commencing 16/12/13

Monday 16 December

Indicator Previous Expected Actual
Trade Balance Trade Balance Chart 0.472bln EU 1.169bln EU
Trade Balance Trade Balance Chart 13.1bln EU 17.2bln EU
Industrial Production Month on Month Industrial Production Month on Month Chart -0.1% 0.5% +1.1%

Corporate Statements

Flag of Great Britain
Polar Capital Global Healthcare

Tuesday 17 December

Indicator Previous Expected Actual
CPI Year on Year CPI Year on Year Chart 2.2% 2.2% +2.1%
PPI Core Year on Year (nsa) PPI Core Year on Year (nsa) Chart 0.9% 0.9% +0.7%
PPI Core Month on Month (nsa) PPI Core Month on Month (nsa) Chart 0.1% 0.1% -0.1%
RPI Year on Year RPI Year on Year Chart 2.6% 2.7% +2.6%
CPI Month on Month CPI Month on Month Chart 0.1% 0.2% +0.1%
RPI Month on Month RPI Month on Month Chart 0.0% 0.1% +0.1%
ZEW Current Conditions ZEW Current Conditions Chart 28.7 30.0 32.4
CPI Final Year on Year CPI Final Year on Year Chart 0.9% 0.9% 0.9%
ZEW Economic sentiment ZEW Economic sentiment Chart 54.6 55.0 62.0
CPI Final Month on Month CPI Final Month on Month Chart -0.1% -0.1% -0.1%
CPI Year on Year (nsa) CPI Year on Year (nsa) Chart 1.0% 1.3% +1.2%
CPI Month on Month (sa) CPI Month on Month (sa) Chart -0.1% 0.1% 0.0%
Current Account Balance Current Account Balance Chart -98.9bln $ -100.0bln $ -94.84bln $
Trade Balance Trade Balance Chart -1090.7bln JP -1319.5bln JP -1292.9bln JP
Imports Year on Year Imports Year on Year Chart 26.1% 21.4% +21.1%
Exports Year on Year Exports Year on Year Chart 18.6% 17.9% +18.4%

Wednesday 18 December

Indicator Previous Expected Actual
IFO Expectations IFO Expectations Chart 106.3 106.5 107.4
IFO Current Conditions IFO Current Conditions Chart 112.2 112.5 111.6
IFO Business Climate IFO Business Climate Chart 109.3 109.5 109.5
MPC Vote For Rate Hike   0 0 0
Average Weekly Earnings 3 Month Year on Year Average Weekly Earnings 3 Month Year on Year Chart 0.7% 0.8% +0.9%
Unemployment Rate (ILO) Unemployment Rate (ILO) Chart 7.6% 7.6% 7.4%
MPC Vote For Rate Cut   0 0 0
MPC Vote For Rate Unchanged   9 9 9
Claimant Count Unemployment Change Claimant Count Unemployment Change Chart -41.7k -35.0k -36.7k
ZEW Investor Sentiment   31.6 39.4
Housing Starts Housing Starts Chart 1.091mln 0.950mln 1.091mln
FOMC Rate Decision   % 0-.25%

Thursday 19 December

Indicator Previous Expected Actual
Retail Sales Month on Month Retail Sales Month on Month Chart -0.7% 0.3% +0.3%
Retail Sales Year on Year Retail Sales Year on Year Chart 1.8% 2.3% +2.0%
Weekly Jobless Claims Weekly Jobless Claims Chart 368k 334k 379k
Existing Home Sales Existing Home Sales Chart 5.12mln 5.03mln 4.90mln
Philadelphia Fed Business Index Philadelphia Fed Business Index Chart 6.5 10.0 7.0

Corporate Statements

Flag of Great Britain
Goodwin
Flag of the USA
Conagra Foods, Nike Inc Cl B, Pier 1 Imports

Friday 20 December

Indicator Previous Expected Actual
GFK Consumer Confidence GFK Consumer Confidence Chart -12 -11 -13
PPI Month on Month PPI Month on Month Chart -0.2% -0.1% -0.1%
GFK Consumer Confidence GFK Consumer Confidence Chart 7.4 7.4 7.6
PPI Year on Year PPI Year on Year Chart -0.7% -0.8% -0.8%
Current Account Current Account Chart -13.00bln GB -13.85bln GB -20.721bln GB
GDP Final Year on Year   1.5% 1.5% +1.9%
Public Sector Net Borrowing   6.38bln GB 14.799bln GB
Public Sector Borrowing ex Financial Interventions Public Sector Borrowing ex Financial Interventions Chart 8.078bln GB 14.950bln GB 16.505bln GB
GDP Final Quarter on Quarter GDP Final Quarter on Quarter Chart 0.8% 0.8% +0.8%
Retail Sales Year on Year (nsa) Retail Sales Year on Year (nsa) Chart -2.80% -1.6%
Retail Sales Month on Month (sa) Retail Sales Month on Month (sa) Chart -0.30% -0.1%
GDP Deflator GDP Deflator Chart 2.0% 2.0% +2.0%
PCE Core Prices PCE Core Prices Chart 1.5% 1.5% +1.4%
PCE Prices PCE Prices Chart 2.0% 2.0% +1.9%
Retail Sales Month on Month Retail Sales Month on Month Chart 1.0% 0.2% -0.1%
CPI Month on Month CPI Month on Month Chart -0.2% 0.1% 0%
GDP Consumer Spending GDP Consumer Spending Chart 1.4% +2.0%
CPI BoC Core Year on Year CPI BoC Core Year on Year Chart 1.2% 1.2% 1.1%
CPI Year on Year CPI Year on Year Chart 0.7% 1.0% 0.9%
GDP Sales GDP Sales Chart 1.9% 1.9% +2.5%
GDP GDP Chart 3.6% 3.6% +4.1%
Corporate Profits Corporate Profits Chart 2.6% 3.3% +2.4%
CPI Boc Core Month on Month CPI Boc Core Month on Month Chart 0.2% 0.1% -0.1%

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