Weekly economic horizon - PMI deluge, Australia GDP, Draghi and US non-farm payrolls: In Australia we'll receive Q3 GDP, the RBA December policy decision - no...

Weekly economic horizon - PMI deluge, Australia GDP, Draghi and US non-farm payrolls: In Australia we'll receive Q3 GDP, the RBA December policy decision - no change in rate or statement is likely, three PMI gauges for November along with retail sales and trade figures for October. In Asia markets will be eyeing off Chinese manufacturing PMI released on Monday, particularly given the slowdown in the flash manufacturing index from HSBC released in late November. In Europe all attention will be on the ECB on Thursday given heightened expectations that the ECB governing council are on the cusp of initiating sovereign bond purchases. Like in Australia and Asia there'll also be a swathe of PMI gauges released on Monday and Wednesday. Last but not least the focal point in the US will be Friday's non-farm payrolls report for November with markets expecting a lift in hiring to 232k from 214k in October. As ever, beyond the headline and unemployment figures, watch for movements in average weekly earnings and the underemployment rate - they'll be influential. (VIEW LINK)