The British monthly GDP is announced on Friday at 09:00 MT time.
Japan exports go up at the fastest pace in almost four years
In August, booming shipments of electronics and cars drove up Japan's exports at the fastest tempo in almost four years, which is further evidence that overseas demand happens to be firm enough to underpin healthy economic surge.
The 18.1% annual soar in exports appeared to be the fastest outcome since November 2013 and undoubtedly surpassed the median estimate for a 14.7% annual surge observed in a Reuters survey.
August's export outcome exceeded July's reading of 13.4% and also pointed to a ninth straight month of expansion.
Export ascend will most likely continue as the global economy is still on a sturdy footing that should back policymakers' confidence in this Asian country’s economic outlook.
The Bank of Japan is generally believed to keep monetary policy intact at a gathering ending on Thursday because inflation is still confusingly low notwithstanding data pointing to firm economic ascend.
The main market tendency today is that the US dollar is rising against its major peers and riskier assets such as stocks and oil are plummeting.
The US unemployment claims are out on Thursday at 15:30 MT time.
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.