According to reports from Wu, last week's U.S. November CPI year-on-year of 3.3% met expectations, and both the Bank of Canada and the European Central Bank lowered interest rates as scheduled.

The U.S. November seasonally adjusted core CPI year-on-year recorded 3.3%. The Bank of Canada lowered the policy interest rate by 50 basis points to 3.25%. The European Central Bank cut three key interest rates by 25 basis points.

The number of first-time unemployment claims in the U.S. for the week of December 7 was 242,000, higher than the expected 220,000.

This week's focus is on the Federal Reserve and Bank of England's interest rate decisions on December 19, as well as the Bank of Japan's interest rate resolution. On December 20, the U.S. will announce the annual core PCE price index for November.