Economic news will be light in the holiday week. The U.S. will offer snapshots of the manufacturing and housing sectors while Japan will offer an update on its jobs market and retail sales.
The Commerce Department will report on durable-goods orders for November, a key snapshot of the factory sector’s health. The report will also show a key measure of business investment, which has been weak this year. Economists believe overall orders rose 1.2% last month.
The Commerce Department will also report on November sales of newly built homes, a slice of the housing market. Economists believe new-home sales fell 0.4% last month. Sales of existing homes—the majority of the market—fell last month from a month earlier, the National Association of Realtors reported last week.
Japan, the world’s No. 3 economy, reports on industrial output, the jobless rate, and retail sales for November.
Germany reports on retail sales for November.
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