What will move markets during the next week

1. Italian referendum- ballots will close at 12:00 GMT+2 and first results are likely to come up Monday morning. If Italians vote with "No" than the Prime minister Matteo Renzi will likely resign and this will have a negative impact over EUR.

2. ECB interest rate decision - 08.12 (Thursday) at 14:45 GMT+2. They are expected to keep interest rates unchanged and announce an extension of the QE program.  ECB's Draghi will have his usual press conference starting at 15:30 GMT+2 .

3. RBA interest rates decision - 06.12 Tuesday at 05:30 GMT+2, as expectations are for no change from current 1,50%.

4. BoC interest rate decision - 07.12 at 17:00 GMT+2. The Bank of Canada is expected to keep rates unchanged at 0.5%.  BoC Gov Poloz said this week that all things being equal, need to have bigger shock when you're in such a zone of uncertainty to prompt a move

 5. Australia GDP - 07.12 at 02:30 GMT+2, as QoQ expectations are for 0,3% which is lower than current 0,5%. YoY expectations are for 2,5% vs current 3,3%.

6. USA Non-Manufacturing PMI - data will be released on 05.12 Monday at 17:00 GMT+2, as expectations are for an increase 55,4 vs previous 54.8.

7. UK Services PMI  - Monday 05.12 at 11:30 GMT+2.

8. China Trade Balance - data will be released on 07.12 Wednesday, as exact time is still tentative.