Tensions rise over nuclear button talk

  • GBP - Manufacturing PMI
  • NZD - GDT Price Index
  • EUR - Final Manufacturing PMI

Tensions continue to rise between North Korea and the US, as US President Donald Trump took to Twitter last night to respond to North Korea’s leader, Kim Jong-un’s claims the nuclear launch button is always on his table. Trump tweeted that he too had a nuclear button and it is ‘much bigger & more powerful’ than North Korea’s. North Korea has also opened communications with South Korea over a proposal of sending North Korean delegation to the Winter Olympics. The communication took place via a hotline between the two countries, which was reopened after being shut down in 2016.

  • GBP - Construction PMI
  • USD - ISM Manufacturing Prices
  • USD - FOMC Meeting Minutes 

The UK released the Construction PMI figure for December today, posting worse than expected at 52.2. Despite not meeting the market expectations, the figure shows signs of industry growth, with the near-term business outlook showing positive signs. New order growth hit a seven-month high whilst job creation registered the strongest since June.  

Across the pond, the US will be releasing the ISM Manufacturing PMI, forecasted to post 58.1. The FOMC will also be releasing the latest meeting minutes from the December policy meeting. The markets will be looking for any hawkish comments to help further some support for the Greenback.