【Golden Ten Summary: Important Events and Data Forecast for Next Week - China's November Economic Data, US November PCE, Central Banks of Japan, US, and UK Take the Stage】
1. Monday: ① Data: China's November total electricity consumption year-on-year, MLF bidding interest rate, November total retail sales of consumer goods year-on-year, November industrial value added year-on-year for enterprises above designated size; France, Germany, UK, Eurozone December Manufacturing PMI preliminary values; US December New York Federal Reserve Manufacturing Index, S&P Global Manufacturing and Services PMI preliminary values. ② Event: German Chancellor Scholz initiates a confidence vote in the Federal Assembly; National Bureau of Statistics releases monthly report on residential sales prices in 70 large and medium-sized cities; State Council Information Office holds a press conference on national economic operation; ECB President Lagarde delivers a speech.
2. Tuesday: ① Data: UK October three-month ILO unemployment rate, November unemployment rate, November unemployment claims; Germany December IFO Business Climate Index, December ZEW Economic Sentiment Index; Eurozone December ZEW Economic Sentiment Index, October seasonally adjusted trade balance; Canada November CPI month-on-month; US November retail sales month-on-month, November industrial production month-on-month, December NAHB housing market index, October business inventories month-on-month. ② Event: Bank of Canada Governor Macklem delivers a speech.
3. Wednesday: ① Data: US API crude oil inventories for the week ending December 13, EIA crude oil inventories; UK November CPI month-on-month, November retail price index month-on-month; Eurozone November CPI year-on-year final value, Eurozone November CPI month-on-month final value; UK December CBI Industrial Orders Balance; US November housing starts annualized, third-quarter current account, November building permits total. ② Event: Domestic refined oil will enter a new round of price adjustment window. ③ Earnings Report: Micron Technology (MU.O).
4. Thursday: ① Data: US Federal Reserve interest rate decision for the week ending December 18; China's November share of RMB in global payments via SWIFT; Japan's central bank target interest rate until December 19; Germany January GfK Consumer Confidence Index; Switzerland November trade balance; Eurozone October seasonally adjusted current account; UK central bank interest rate decision until December 19; US initial unemployment claims for the week ending December 14, third-quarter real GDP annualized quarterly rate final value, third-quarter real personal consumption expenditures quarterly rate final value, third-quarter core PCE price index annualized quarterly rate final value, December Philadelphia Fed Manufacturing Index, US November existing home sales total annualized, November Conference Board Leading Economic Index month-on-month, US EIA natural gas inventories for the week ending December 13. ② Event: Federal Reserve releases interest rate decision and economic outlook summary, Chairman Powell holds monetary policy press conference [simultaneous interpretation]; Bank of Japan announces interest rate decision, Governor Ueda Kazuo holds monetary policy press conference; Bank of England releases interest rate decision and meeting minutes. ③ Earnings Report: FedEx (FDX.N).
5. Friday: ① Data: Japan November core CPI year-on-year; China's one-year loan market quotation rate until December 20; Germany November PPI month-on-month; UK November seasonally adjusted retail sales month-on-month; UK December CBI retail sales balance; Canada October retail sales month-on-month; Eurozone December consumer confidence index preliminary value; US November core PCE price index year-on-year, November personal spending month-on-month, November core PCE price index month-on-month, December University of Michigan Consumer Sentiment Index final value, December one-year inflation expectations final value. ② Event: NYMEX January crude oil futures affected by contract roll-over, last on-floor trading on December 20 at 3:30, last electronic trading at 6:00.
6. Saturday: ① Event: CFTC releases weekly positions report. (Transferred from: Golden Ten Data)