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The December survey shows 84% believe President Trump will tap Hassett, director of the National Economic Council, to head the central bank.

Hinge founder Justin McLeod is stepping down as CEO to launch an AI-powered dating service called Overtone.

We’ve got a bit of data to chew on to kick off the Tuesday session, with the focus squarely on Japan early on and China a bit later.

It’s going to be an interesting start to the day.

First up at the top of the hour, we get the Reuters Tankan Manufacturing Index. It’s a monthly sentiment check that often leads the official BoJ Tankan. The prior read was 17 for manufacturing and 27 for non-manufacturing.

Shortly after at 2350 GMT, keep an eye on the Japanese Corporate Goods Price Index (CGPI) for November.

• Monthly expected: 0.3% (Prior 0.4%)

• Yearly expected: 2.7% (Prior 2.7%)

Reminder: The BOJ decision is next week and a hike is mostly expected.

The Main Event: China CPI

The real mover comes later in the evening (0130 GMT) when China drops its inflation numbers.

The market is looking for a rise in CPI year-over-year to 0.7% (from 0.2% prior). If we see a miss here, the “China deflation” narrative is going to roar back into the headlines, and we could hear more talk about stimulus (that talk has restarted lately).

PPI is expected to remain deep in negative territory at -2.0% y/y.

Complete schedule:

2200 GMT

• JP: Reuters Tankan Manufacturing Index (Dec) – Prior: 17

• JP: Reuters Tankan Non-Manufacturing Index (Dec) – Prior: 27

2250 GMT

• JP: Corporate Goods Price Index (MoM) (Nov) – Exp: 0.3% / Prior: 0.4%

• JP: Corporate Goods Price Index (YoY) (Nov) – Exp: 2.7% / Prior: 2.7%

0130 GMT

• CN: PPI (YoY) (Nov) – Exp: -2.0% / Prior: -2.1%

• CN: CPI (YoY) (Nov) – Exp: 0.7% / Prior: 0.2%

• CN: CPI (MoM) (Nov) – Exp: 0.2% / Prior: 0.2%

This article was written by Adam Button at investinglive.com.

Donald Trump will kick off his final round of Fed chair interviews this week, according to the FT.

The sources cited in the report — unnamed ‘senior administration officials’ — said Kevin Hassett remains the favorite.

The gold and silver rally today was certainly helped out by the sentiment that a dovish Fed chair is coming. Hassett earlier said that one 25 bps cut isn’t enough. There is plenty of room for the Fed to cut rates, he said.

A separate Fox report said Wall Street doesn’t like Hassett. How could you not like that smiling face!?

This article was written by Adam Button at investinglive.com.

United States API Weekly Crude Oil Stock came in at -4.8M, below expectations (-1.7M) in December 5

• Crude -4800K
• Prior was +2480K
• Gasoline +7000K
• Distillates +1000K

Expectations for tomorrow’s EIA report

• Crude -2310K
• Gasoline +4518K
• Distillates +1943K

WTI is struggling this week and finished lower by 49-cents on Tuesday. The crude number here is nice but that’s a fat build in gasoline and comes after a 4.5mb build in last week’s EIA data.

This article was written by Adam Button at investinglive.com.

Citigroup raises its price target on Apple stock. Wells Fargo wants to become a top player in Wall Street dealmaking.

• Ext migration and visitors +9.4% vs +9.6% prior
• Estimated migrant arrivals 2400 vs 1800 prior

Not exactly blowing the doors off but the population is steadily rising and tourists continue to love New Zealand, aside from the long travel times.

This article was written by Adam Button at investinglive.com.

The Canadian Dollar (CAD) struggled to find momentum on Tuesday, holding steady against an equally-sluggish US Dollar (USD) as investors brace for the last Federal Reserve (Fed) interest rate decision of the year.

Experts say companies are rolling back their commitments to women’s career advancement, which is leading to an ambition gap.