World Economic Forum (WEF) Annual Meetings – Day 1, this time is held in Davos for Bankers, Political, trade & finance Ministers and Commercial leaders from around 90 countries. Can influent market volatility.

Last week New Zealand business confidence plunged from 25 to 0 in the 4th quarter. The private sector survey revealed that companies are pessimistic regarding future business conditions believing things will be worse in the near future. NZ has slowed down disregarding the EU debt crisis with declines in the retail sector. The EU crisis may further worsen NZ economic condition. Will this slowdown continue?

The upcoming Greek debt deal certainly helped improve market atmosphere. In the US, jobless claims plunged dramatically to a nearly four-year low of 352,000 claims, 50,000 down from the prior week, while early expectations stood on 387K. The Philly Fed Index reached 7.3 points with a dominant employment factor. These good employment readings give further boost to the recovering job market. Will the job market continue to improve? Let’s start:

In the US, Crude Oil Inventories, weekly report to value the crude oil barrels in commercial company’s inventory, is about to by remain 3.9M similar to the last week.

Last week revealed encouraging figures such as the NBNZ Business Confidence rising to 18.3 from13.2 in October and Building Consents climbing 11.2% after 17.2% decline in September. Will this trend continue?

Non-Farm Payrolls came out as expected, but the surprising drop in the unemployment rate provided a lot of hope. Also CB Consumer Confidence exceeded expectations with more than 15 point rise reaching 56.0 following months of decline. Can the US economy lead the world once again? There are doubts. Let’s Start

In the US, New Home Sales leading monthly report to value the new sold households on the last month, is about to rise from 295K on September up to 302K now.

Last week the number of visitors entered NZ in August edged up by 18.1% much higher than the 4.2% rise in the previous month and Credit card spending also increased by 5.2% from4.7% in the preceding month indicating positive trend for the NZ economy. ill things continue to improve?

Last week The Philly Fed Manufacturing Index scored +8.7 points unlike predictions for a negative reading of-9, a good sign of recovery after the serious 30.7 drop in September. Nevertheless, all eyes are turned to Europe and the EU Summit this Sunday and a follow up later on.

In the US, Producer Price Index (PPI), leading monthly report to value the producer’s prices for finished goods and services, reduce from 0.2% on August to -0.1% this month is anticipated. Meanwhile on the Core PPI (excluding food and energy) reduce of 0.1% to 0.3% is expected.