Overview of important futures data and events next week

1. At 9:45 on December 2, China's Caixin Manufacturing PMI for November was released. Prior to that, China's Caixin Services PMI for October was 51.9. At 9:45 on December 4, China's Caixin Services PMI for November was released. Prior to that, China's Caixin Services PMI for October was 52.

2. December 2, to be determined, Malaysia's ITS/SPPOMA palm oil export volume from November 1 to 30; December 6, to be determined, Malaysia's MPOA palm oil production estimate from November 1 to 30, Malaysia's SPPOMA palm oil production estimate from December 1 to 5. Previous data showed that Malaysian palm oil exports were weak and production was declining. We need to closely observe the latest changes in supply and demand.

3. On December 3 at 4:15, Fed Governor Waller delivered a speech; at 5:30, FOMC permanent voting member and New York Fed President Williams participated in a dialogue hosted by the Queens Chamber of Commerce; on December 4 at 21:45, 2025 FOMC voting member and St. Louis Fed President Moussalem delivered a speech; on December 5 at 3:00, Fed Chairman Powell was invited to be interviewed at the DealBook/Summit conference hosted by the New York Times; on December 7 at 1:00, 2024 FOMC voting member and Cleveland Fed President Hammack delivered a speech on the economic outlook. Pay attention to the changes in the hawkish and dovish levels of speeches by important US officials.

4. At 21:15 on December 4, the US ADP employment figures for November were released. Previously, the US ADP employment figures for October were 233,000, which was a sharp increase from the expected 114,000. The better-than-expected ADP data may increase the market's optimistic expectations for non-agricultural employment data and reduce concerns about the US economy.

5. December 4th is to be determined, a new round of price adjustment window for domestic refined oil will begin.

6. On December 4, to be determined, the China Photovoltaic Industry Association will hold the 2024 Photovoltaic Industry Annual Conference. During the conference, the Photovoltaic Supply Chain Support Development Seminar, Photovoltaic Innovation Application Development Seminar and various special meetings will also be held. Pay attention to the changes in the mood of the conference on related futures products.

7. At 3:00 am on December 5, the Federal Reserve released the Beige Book on economic conditions. Previously, although inflation data was higher than expected and Fed Chairman Powell's dovish stance weakened, the market was still optimistic about the prospect of the Fed's interest rate cut in December.

8. At 21:30 on December 5, the number of initial jobless claims in the United States for the week ending November 30 was released. Previously, the number of initial jobless claims in the United States for the week ending November 23 was 213,000, which was lower than the expected 216,000. The labor market is still strong, and the decline in this data suggests that the US job market continues to remain stable.

9. At 21:30 on December 6, the seasonally adjusted non-farm payrolls and unemployment rate for November in the United States were released. Previously, the seasonally adjusted non-farm payrolls in the United States in October were 12,000, the smallest increase since December 2020. The unemployment rate remained unchanged at 4.1% in October.

Article forwarded from: Jinshi Data