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What’s happening on Monday? (January 6, 2014)

Important Data Releases:

UK:

4:30AM EST Markit will release Services PMI, which measures the level of a diffusion index based on surveyed purchasing managers in the services industry.

US:

10:00AM EST Institute for Supply Management will have ISM Non-Manufacturing PMI, which measures the level of a diffusion index based on surveyed purchasing managers, excluding the manufacturing industry.

Don’t miss!!! 5:30PM EST US Senate will have Fed Chairman Nomination Vote. The US Senate will vote to pass or reject the nomination of Janet Yellen as Federal Reserve Chairperson for a term, Feb 2014 - Jan 2018.

Australia:

7:30PM EST Australian Bureau of Statistics will release Trade Balance, which measures the difference in value between imported and exported goods and services during the reported month.