Next week's macro outlook: The market tends to remain calm during the New Year's Day holiday, but economic data may slap the Fed in the face

PANews reported on December 28 that the decline of US stocks on Friday frustrated investors' expectations for the so-called "Santa Claus rebound". With the New Year's Day holiday approaching, global financial markets may also tend to remain calm in the coming week. The US ISM Manufacturing Purchasing Managers' Index (PMI) may be the only focus of economic data next week, but any policy-related headlines about Trump may also stimulate market fluctuations. The following are the key points that the market will focus on in the new week:

At 23:30 on Monday, the U.S. Dallas Fed Business Activity Index for December

Thursday 9:45, China's December Caixin Manufacturing PMI

At 21:30 on Thursday, the number of initial jobless claims in the United States for the week ending December 28

At 22:45 on Thursday, the final value of the US S&P Global Manufacturing PMI for December

At 23:00 on Friday, the US December ISM manufacturing PMI

If the economic data smacks the Fed, the dollar's rise may fade. The number of initial jobless claims next week may also be a major driving force for the dollar's trend. Any data that shows that the Fed is too cautious about inflation and too optimistic about the labor market may cause the dollar's recent rise to collapse.