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    Economic Calendar

    Summary 12/8 – 12/12

    Monday, Dec 8, 2025

    GMT Ccy Events Consensus Previous
    23:30 JPY Labor Cash Earnings Y/Y Oct 2.20% 1.90%
    23:50 JPY GDP Deflator Y/Y Q3 2.80% 2.80%
    23:50 JPY GDP Q/Q Q3 F -0.50% -0.40%
    23:50 JPY GDP Annualized Q3 F -2.00% -1.80%
    23:50 JPY Current Account (JPY) Oct 3.00T 4.35T
    03:00 CNY Trade Balance (USD) Nov 105.0B 90.1B
    05:00 JPY Eco Watchers Survey: Current Nov 49.5 49.1
    07:00 EUR Germany Industrial Production M/M Oct 0.50% 1.30%
    09:30 EUR Eurozone Sentix Investor Confidence Dec -6.3 -7.4
    23:50 JPY Money Supply M2+CD Y/Y Nov 1.40% 1.60%
    GMT Ccy Events
    23:30 JPY Labor Cash Earnings Y/Y Oct
        Forecast: 2.20% Previous: 1.90%
    23:50 JPY GDP Deflator Y/Y Q3
        Forecast: 2.80% Previous: 2.80%
    23:50 JPY GDP Q/Q Q3 F
        Forecast: -0.50% Previous: -0.40%
    23:50 JPY GDP Annualized Q3 F
        Forecast: -2.00% Previous: -1.80%
    23:50 JPY Current Account (JPY) Oct
        Forecast: 3.00T Previous: 4.35T
    03:00 CNY Trade Balance (USD) Nov
        Forecast: 105.0B Previous: 90.1B
    05:00 JPY Eco Watchers Survey: Current Nov
        Forecast: 49.5 Previous: 49.1
    07:00 EUR Germany Industrial Production M/M Oct
        Forecast: 0.50% Previous: 1.30%
    09:30 EUR Eurozone Sentix Investor Confidence Dec
        Forecast: -6.3 Previous: -7.4
    23:50 JPY Money Supply M2+CD Y/Y Nov
        Forecast: 1.40% Previous: 1.60%

    Tuesday, Dec 9, 2025

    GMT Ccy Events Consensus Previous
    00:01 GBP BRC Retail Sales Monitor Y/Y Nov 2.40% 1.50%
    00:30 AUD NAB Business Confidence Nov 6
    00:30 AUD NAB Business Conditions Nov 9
    03:30 AUD RBA Interest Rate Decision 3.60% 3.60%
    04:30 AUD RBA Press Conference
    06:00 JPY Machine Tool Orders Y/Y Nov P 16.80%
    07:00 EUR Germany Trade Balance (EUR) Oct 15.8B 15.3B
    11:00 USD NFIB Business Optimism Index Nov 98.4 98.2
    23:50 JPY PPI Y/Y Nov 2.70% 2.70%
    GMT Ccy Events
    00:01 GBP BRC Retail Sales Monitor Y/Y Nov
        Forecast: 2.40% Previous: 1.50%
    00:30 AUD NAB Business Confidence Nov
        Forecast: Previous: 6
    00:30 AUD NAB Business Conditions Nov
        Forecast: Previous: 9
    03:30 AUD RBA Interest Rate Decision
        Forecast: 3.60% Previous: 3.60%
    04:30 AUD RBA Press Conference
        Forecast: Previous:
    06:00 JPY Machine Tool Orders Y/Y Nov P
        Forecast: Previous: 16.80%
    07:00 EUR Germany Trade Balance (EUR) Oct
        Forecast: 15.8B Previous: 15.3B
    11:00 USD NFIB Business Optimism Index Nov
        Forecast: 98.4 Previous: 98.2
    23:50 JPY PPI Y/Y Nov
        Forecast: 2.70% Previous: 2.70%

    Wednesday, Dec 10, 2025

    GMT Ccy Events Consensus Previous
    01:30 CNY CPI Y/Y Nov 0.70% 0.20%
    01:30 CNY PPI Y/Y Nov -2.10% -2.10%
    13:30 USD Employment Cost Index Q3 0.90% 0.90%
    14:45 CAD BoC Interest Rate Decision 2.25% 2.25%
    15:30 CAD BoC Press Conference
    15:30 USD Crude Oil Inventories (Dec 5) 0.6M
    19:00 USD Fed Interest Rate Decision 3.75% 4.00%
    19:30 USD FOMC Press Conference
    21:45 NZD Manufacturingles Q3 -2.90%
    23:50 JPY BSI Large Manufacturing Index Q4 4.2 3.8
    GMT Ccy Events
    01:30 CNY CPI Y/Y Nov
        Forecast: 0.70% Previous: 0.20%
    01:30 CNY PPI Y/Y Nov
        Forecast: -2.10% Previous: -2.10%
    13:30 USD Employment Cost Index Q3
        Forecast: 0.90% Previous: 0.90%
    14:45 CAD BoC Interest Rate Decision
        Forecast: 2.25% Previous: 2.25%
    15:30 CAD BoC Press Conference
        Forecast: Previous:
    15:30 USD Crude Oil Inventories (Dec 5)
        Forecast: Previous: 0.6M
    19:00 USD Fed Interest Rate Decision
        Forecast: 3.75% Previous: 4.00%
    19:30 USD FOMC Press Conference
        Forecast: Previous:
    21:45 NZD Manufacturingles Q3
        Forecast: Previous: -2.90%
    23:50 JPY BSI Large Manufacturing Index Q4
        Forecast: 4.2 Previous: 3.8

    Thursday, Dec 11, 2025

    GMT Ccy Events Consensus Previous
    00:01 GBP RICS Housing Price Balance Nov -21% -19%
    00:30 AUD Employment Change Nov 20.0K 42.2K
    00:30 AUD Unemployment Rate Nov 4.40% 4.30%
    08:30 CHF SNB Interest Rate Decision 0.00% 0.00%
    09:00 CHF SNB Press Conference
    13:30 CAD Trade Balance (CAD) Oct -4.9B -6.3B
    13:30 USD Initial Jobless Claims (Dec 5) 205K 191K
    13:30 USD Trade Balance (USD) Sep -65.5B -59.6B
    15:00 USD Wholele Inventories Sep F 0.10% 0.00%
    15:30 USD Natural Gas Storage (Dec 5) -12B
    21:30 NZD Business NZ PMI Nov 51.4
    GMT Ccy Events
    00:01 GBP RICS Housing Price Balance Nov
        Forecast: -21% Previous: -19%
    00:30 AUD Employment Change Nov
        Forecast: 20.0K Previous: 42.2K
    00:30 AUD Unemployment Rate Nov
        Forecast: 4.40% Previous: 4.30%
    08:30 CHF SNB Interest Rate Decision
        Forecast: 0.00% Previous: 0.00%
    09:00 CHF SNB Press Conference
        Forecast: Previous:
    13:30 CAD Trade Balance (CAD) Oct
        Forecast: -4.9B Previous: -6.3B
    13:30 USD Initial Jobless Claims (Dec 5)
        Forecast: 205K Previous: 191K
    13:30 USD Trade Balance (USD) Sep
        Forecast: -65.5B Previous: -59.6B
    15:00 USD Wholele Inventories Sep F
        Forecast: 0.10% Previous: 0.00%
    15:30 USD Natural Gas Storage (Dec 5)
        Forecast: Previous: -12B
    21:30 NZD Business NZ PMI Nov
        Forecast: Previous: 51.4

    Friday, Dec 12, 2025

    GMT Ccy Events Consensus Previous
    04:30 JPY Industrial Production M/M Oct F 1.40% 1.40%
    07:00 EUR Germany CPI M/M Nov F -0.20% -0.20%
    07:00 EUR Germany CPI Y/Y Nov F 2.60% 2.60%
    07:00 GBP GDP M/M Oct 0.10% -0.10%
    07:00 GBP Industrial Production M/M Oct 1.10% -2.00%
    07:00 GBP Industrial Production Y/Y Oct -2.50%
    07:00 GBP Manufacturing Production M/M Oct 1.20% -1.70%
    07:00 GBP Manufacturing Production Y/Y Oct -2.20%
    07:00 GBP Goods Trade Balance (GBP) Oct -19.1B -18.9B
    13:30 CAD Building Permits M/M Oct -1.20% 4.50%
    13:30 CAD Capacity Utilization Q3 79.30% 79.30%
    13:30 CAD Wholeleles M/M Oct -0.10% 0.60%
    GMT Ccy Events
    04:30 JPY Industrial Production M/M Oct F
        Forecast: 1.40% Previous: 1.40%
    07:00 EUR Germany CPI M/M Nov F
        Forecast: -0.20% Previous: -0.20%
    07:00 EUR Germany CPI Y/Y Nov F
        Forecast: 2.60% Previous: 2.60%
    07:00 GBP GDP M/M Oct
        Forecast: 0.10% Previous: -0.10%
    07:00 GBP Industrial Production M/M Oct
        Forecast: 1.10% Previous: -2.00%
    07:00 GBP Industrial Production Y/Y Oct
        Forecast: Previous: -2.50%
    07:00 GBP Manufacturing Production M/M Oct
        Forecast: 1.20% Previous: -1.70%
    07:00 GBP Manufacturing Production Y/Y Oct
        Forecast: Previous: -2.20%
    07:00 GBP Goods Trade Balance (GBP) Oct
        Forecast: -19.1B Previous: -18.9B
    13:30 CAD Building Permits M/M Oct
        Forecast: -1.20% Previous: 4.50%
    13:30 CAD Capacity Utilization Q3
        Forecast: 79.30% Previous: 79.30%
    13:30 CAD Wholeleles M/M Oct
        Forecast: -0.10% Previous: 0.60%

    Eco Data 12/5/25

    GMT Ccy Events Actual Consensus Previous Revised
    23:30 JPY Household Spending Y/Y Oct -3.00% 1.10% 1.80%
    05:00 JPY Leading Economic Index Oct P 110 109.3 108.6
    07:00 EUR Germany Factory Orders M/M Oct 1.50% 0.30% 1.10%
    07:45 EUR France Industrial Output M/M Oct 0.20% -0.10% 0.80%
    08:00 CHF Foreign Currency Reserves (CHF) Nov 727B 725B
    10:00 EUR Eurozone GDP Q/Q Q3 F 0.30% 0.20% 0.20%
    10:00 EUR Eurozone Employment Change Q/Q Q3 F 0.20% 0.10% 0.10%
    13:30 CAD Net Change in Employment Nov 53.6K -1.5K 66.6K
    13:30 CAD Unemployment Rate Nov 6.50% 7.00% 6.90%
    15:00 USD Personal Income M/M Sep 0.40% 0.40% 0.40%
    15:00 USD Personal Spending Sep 0.30% 0.40% 0.60%
    15:00 USD PCE Price Index M/M Sep 0.30% 0.30% 0.30%
    15:00 USD PCE Price Index Y/Y Sep 2.80% 2.80% 2.70%
    15:00 USD Core PCE Price Index M/M Sep 0.20% 0.20% 0.20%
    15:00 USD Core PCE Price Index Y/Y Sep 2.80% 2.90% 2.90%
    15:00 USD UoM Consumer Sentiment Dec P 53.3 52 51
    15:00 USD UoM 1-Yr Inflation Expectations Dec P 4.10% 4.50%
    GMT Ccy Events
    23:30 JPY Household Spending Y/Y Oct
        Actual: -3.00% Forecast: 1.10%
        Previous: 1.80% Revised:
    05:00 JPY Leading Economic Index Oct P
        Actual: 110 Forecast: 109.3
        Previous: 108.6 Revised:
    07:00 EUR Germany Factory Orders M/M Oct
        Actual: 1.50% Forecast: 0.30%
        Previous: 1.10% Revised:
    07:45 EUR France Industrial Output M/M Oct
        Actual: 0.20% Forecast: -0.10%
        Previous: 0.80% Revised:
    08:00 CHF Foreign Currency Reserves (CHF) Nov
        Actual: 727B Forecast:
        Previous: 725B Revised:
    10:00 EUR Eurozone GDP Q/Q Q3 F
        Actual: 0.30% Forecast: 0.20%
        Previous: 0.20% Revised:
    10:00 EUR Eurozone Employment Change Q/Q Q3 F
        Actual: 0.20% Forecast: 0.10%
        Previous: 0.10% Revised:
    13:30 CAD Net Change in Employment Nov
        Actual: 53.6K Forecast: -1.5K
        Previous: 66.6K Revised:
    13:30 CAD Unemployment Rate Nov
        Actual: 6.50% Forecast: 7.00%
        Previous: 6.90% Revised:
    15:00 USD Personal Income M/M Sep
        Actual: 0.40% Forecast: 0.40%
        Previous: 0.40% Revised:
    15:00 USD Personal Spending Sep
        Actual: 0.30% Forecast: 0.40%
        Previous: 0.60% Revised:
    15:00 USD PCE Price Index M/M Sep
        Actual: 0.30% Forecast: 0.30%
        Previous: 0.30% Revised:
    15:00 USD PCE Price Index Y/Y Sep
        Actual: 2.80% Forecast: 2.80%
        Previous: 2.70% Revised:
    15:00 USD Core PCE Price Index M/M Sep
        Actual: 0.20% Forecast: 0.20%
        Previous: 0.20% Revised:
    15:00 USD Core PCE Price Index Y/Y Sep
        Actual: 2.80% Forecast: 2.90%
        Previous: 2.90% Revised:
    15:00 USD UoM Consumer Sentiment Dec P
        Actual: 53.3 Forecast: 52
        Previous: 51 Revised:
    15:00 USD UoM 1-Yr Inflation Expectations Dec P
        Actual: 4.10% Forecast:
        Previous: 4.50% Revised:

    Eco Data 12/4/25

    GMT Ccy Events Actual Consensus Previous Revised
    00:30 AUD Trade Balance (AUD) Oct 4.39B 4.42B 3.94B 3.71B
    08:00 CHF Unemployment Rate Nov 3.00% 3.00% 3.00%
    08:30 CHF Manufacturing PMI Nov 49.7 48.9 48.2
    09:30 GBP Construction PMI Nov 39.4 44.3 44.1
    10:00 EUR Eurozone Retail Sales M/M Oct 0.00% 0.00% -0.10%
    12:30 USD Challenger Job Cuts Y/Y Nov 23.50% 175.30%
    13:30 USD Initial Jobless Claims (Nov 28) 191K 220K 216K 218K
    15:00 CAD Ivey PMI Nov 48.4 53.6 52.4
    15:30 USD Natural Gas Storage (Nov 28) -12B -18B -11B
    GMT Ccy Events
    00:30 AUD Trade Balance (AUD) Oct
        Actual: 4.39B Forecast: 4.42B
        Previous: 3.94B Revised: 3.71B
    08:00 CHF Unemployment Rate Nov
        Actual: 3.00% Forecast: 3.00%
        Previous: 3.00% Revised:
    08:30 CHF Manufacturing PMI Nov
        Actual: 49.7 Forecast: 48.9
        Previous: 48.2 Revised:
    09:30 GBP Construction PMI Nov
        Actual: 39.4 Forecast: 44.3
        Previous: 44.1 Revised:
    10:00 EUR Eurozone Retail Sales M/M Oct
        Actual: 0.00% Forecast: 0.00%
        Previous: -0.10% Revised:
    12:30 USD Challenger Job Cuts Y/Y Nov
        Actual: 23.50% Forecast:
        Previous: 175.30% Revised:
    13:30 USD Initial Jobless Claims (Nov 28)
        Actual: 191K Forecast: 220K
        Previous: 216K Revised: 218K
    15:00 CAD Ivey PMI Nov
        Actual: 48.4 Forecast: 53.6
        Previous: 52.4 Revised:
    15:30 USD Natural Gas Storage (Nov 28)
        Actual: -12B Forecast: -18B
        Previous: -11B Revised:

    Eco Data 12/3/25

    GMT Ccy Events Actual Consensus Previous Revised
    00:30 AUD GDP Q/Q Q3 0.40% 0.70% 0.60% 0.70%
    00:30 JPY Services PMI Nov F 53.2 53.1 53.1
    01:45 CNY RatingDog Services PMI Nov 52.1 51.9 52.6
    07:30 CHF CPI M/M Nov -0.20% -0.20% -0.30%
    07:30 CHF CPI Y/Y Nov 0.00% 0.10% 0.10%
    08:50 EUR France Services PMI Nov F 51.4 50.8 50.8
    08:55 EUR Germany Services PMI Nov F 53.1 52.7 52.7
    09:00 EUR Eurozone Services PMI Nov F 53.6 53.1 53.1
    09:30 GBP Services PMI Nov F 51.3 50.5 50.5
    10:00 EUR Eurozone PPI M/M Oct 0.10% 0.20% -0.10%
    10:00 EUR Eurozone PPI Y/Y Oct -0.50% -0.40% -0.20%
    13:15 USD ADP Employment Change Nov -32K 19K 42K 47K
    13:30 CAD Labor Productivity Q/Q Q3 0.90% 0.40% -1%
    13:30 USD Import Price Index M/M Sep 0.00% 0.10% 0.30% 0.10%
    14:45 USD Services PMI Nov F 54.1 55 55
    15:00 USD ISM Services PMI Nov 52.6 52 52.4
    15:30 USD Crude Oil Inventories (Nov 28) 0.6M -1.9M 2.8M
    GMT Ccy Events
    00:30 AUD GDP Q/Q Q3
        Actual: 0.40% Forecast: 0.70%
        Previous: 0.60% Revised: 0.70%
    00:30 JPY Services PMI Nov F
        Actual: 53.2 Forecast: 53.1
        Previous: 53.1 Revised:
    01:45 CNY RatingDog Services PMI Nov
        Actual: 52.1 Forecast: 51.9
        Previous: 52.6 Revised:
    07:30 CHF CPI M/M Nov
        Actual: -0.20% Forecast: -0.20%
        Previous: -0.30% Revised:
    07:30 CHF CPI Y/Y Nov
        Actual: 0.00% Forecast: 0.10%
        Previous: 0.10% Revised:
    08:50 EUR France Services PMI Nov F
        Actual: 51.4 Forecast: 50.8
        Previous: 50.8 Revised:
    08:55 EUR Germany Services PMI Nov F
        Actual: 53.1 Forecast: 52.7
        Previous: 52.7 Revised:
    09:00 EUR Eurozone Services PMI Nov F
        Actual: 53.6 Forecast: 53.1
        Previous: 53.1 Revised:
    09:30 GBP Services PMI Nov F
        Actual: 51.3 Forecast: 50.5
        Previous: 50.5 Revised:
    10:00 EUR Eurozone PPI M/M Oct
        Actual: 0.10% Forecast: 0.20%
        Previous: -0.10% Revised:
    10:00 EUR Eurozone PPI Y/Y Oct
        Actual: -0.50% Forecast: -0.40%
        Previous: -0.20% Revised:
    13:15 USD ADP Employment Change Nov
        Actual: -32K Forecast: 19K
        Previous: 42K Revised: 47K
    13:30 CAD Labor Productivity Q/Q Q3
        Actual: 0.90% Forecast: 0.40%
        Previous: -1% Revised:
    13:30 USD Import Price Index M/M Sep
        Actual: 0.00% Forecast: 0.10%
        Previous: 0.30% Revised: 0.10%
    14:45 USD Services PMI Nov F
        Actual: 54.1 Forecast: 55
        Previous: 55 Revised:
    15:00 USD ISM Services PMI Nov
        Actual: 52.6 Forecast: 52
        Previous: 52.4 Revised:
    15:30 USD Crude Oil Inventories (Nov 28)
        Actual: 0.6M Forecast: -1.9M
        Previous: 2.8M Revised:

    Eco Data 12/2/25

    GMT Ccy Events Actual Consensus Previous Revised
    21:45 NZD Terms of Trade Index Q3 -2.10% 0.30% 4.10% 4.20%
    23:50 JPY Monetary Base Y/Y Nov -8.50% -8.50% -7.80%
    00:01 GBP BRC Shop Price Index Y/Y Nov 0.60% 1.10% 1%
    00:30 AUD Current Account (AUD) Q3 -16.6B -13.4B -13.7B -16.2B
    00:30 AUD Building Permits M/M Oct -6.40% -4.80% 12% 11.10%
    05:00 JPY Consumer Confidence Nov 37.5 36.3 35.8
    10:00 EUR Eurozone Unemployment Rate Oct 6.40% 6.30% 6.30%
    10:00 EUR Eurozone CPI Y/Y Nov P 2.20% 2.10% 2.10%
    10:00 EUR Eurozone Core CPI Y/Y Nov P 2.40% 2.40% 2.40%
    GMT Ccy Events
    21:45 NZD Terms of Trade Index Q3
        Actual: -2.10% Forecast: 0.30%
        Previous: 4.10% Revised: 4.20%
    23:50 JPY Monetary Base Y/Y Nov
        Actual: -8.50% Forecast: -8.50%
        Previous: -7.80% Revised:
    00:01 GBP BRC Shop Price Index Y/Y Nov
        Actual: 0.60% Forecast: 1.10%
        Previous: 1% Revised:
    00:30 AUD Current Account (AUD) Q3
        Actual: -16.6B Forecast: -13.4B
        Previous: -13.7B Revised: -16.2B
    00:30 AUD Building Permits M/M Oct
        Actual: -6.40% Forecast: -4.80%
        Previous: 12% Revised: 11.10%
    05:00 JPY Consumer Confidence Nov
        Actual: 37.5 Forecast: 36.3
        Previous: 35.8 Revised:
    10:00 EUR Eurozone Unemployment Rate Oct
        Actual: 6.40% Forecast: 6.30%
        Previous: 6.30% Revised:
    10:00 EUR Eurozone CPI Y/Y Nov P
        Actual: 2.20% Forecast: 2.10%
        Previous: 2.10% Revised:
    10:00 EUR Eurozone Core CPI Y/Y Nov P
        Actual: 2.40% Forecast: 2.40%
        Previous: 2.40% Revised:

    Eco Data 12/1/25

    GMT Ccy Events Actual Consensus Previous Revised
    21:45 NZD Building Permits M/M Oct -0.90% 7.20% 7.30%
    23:50 JPY Capital Spending Q3 2.90% 5.90% 7.60%
    00:00 AUD TD-MI Inflation Gauge M/M Nov 0.30% 0.30%
    00:30 JPY Manufacturing PMI Nov F 48.7 48.8 48.8
    01:45 CNY RatingDog Manufacturing PMI Nov 49.9 50.5 50.6
    07:30 CHF Real Retail Sales Y/Y Oct 2.70% 1.20% 1.50% 1.80%
    08:50 EUR France Manufacturing PMI Nov F 47.8 47.8 47.8
    08:55 EUR Germany Manufacturing PMI Nov F 48.2 48.4 48.4
    09:00 EUR Eurozone Manufacturing PMI Nov F 49.6 49.7 49.7
    09:30 GBP Manufacturing PMI Nov F 50.2 50.2 50.2
    09:30 GBP Mortgage Approvals Oct 65K 64K 66K
    09:30 GBP M4 Money Supply M/M Oct -0.20% 0.40% 0.60%
    14:30 CAD Manufacturing PMI Nov 48.4 49.6
    14:45 USD Manufacturing PMI Nov F 52.2 51.9 51.9
    15:00 USD ISM Manufacturing PMI Nov 48.2 49 48.7
    15:00 USD ISM Manufacturing Prices Paid Nov 58.5 59.5 58
    15:00 USD ISM Manufacturing Employment Nov 44 46
    GMT Ccy Events
    21:45 NZD Building Permits M/M Oct
        Actual: -0.90% Forecast:
        Previous: 7.20% Revised: 7.30%
    23:50 JPY Capital Spending Q3
        Actual: 2.90% Forecast: 5.90%
        Previous: 7.60% Revised:
    00:00 AUD TD-MI Inflation Gauge M/M Nov
        Actual: 0.30% Forecast:
        Previous: 0.30% Revised:
    00:30 JPY Manufacturing PMI Nov F
        Actual: 48.7 Forecast: 48.8
        Previous: 48.8 Revised:
    01:45 CNY RatingDog Manufacturing PMI Nov
        Actual: 49.9 Forecast: 50.5
        Previous: 50.6 Revised:
    07:30 CHF Real Retail Sales Y/Y Oct
        Actual: 2.70% Forecast: 1.20%
        Previous: 1.50% Revised: 1.80%
    08:50 EUR France Manufacturing PMI Nov F
        Actual: 47.8 Forecast: 47.8
        Previous: 47.8 Revised:
    08:55 EUR Germany Manufacturing PMI Nov F
        Actual: 48.2 Forecast: 48.4
        Previous: 48.4 Revised:
    09:00 EUR Eurozone Manufacturing PMI Nov F
        Actual: 49.6 Forecast: 49.7
        Previous: 49.7 Revised:
    09:30 GBP Manufacturing PMI Nov F
        Actual: 50.2 Forecast: 50.2
        Previous: 50.2 Revised:
    09:30 GBP Mortgage Approvals Oct
        Actual: 65K Forecast: 64K
        Previous: 66K Revised:
    09:30 GBP M4 Money Supply M/M Oct
        Actual: -0.20% Forecast: 0.40%
        Previous: 0.60% Revised:
    14:30 CAD Manufacturing PMI Nov
        Actual: 48.4 Forecast:
        Previous: 49.6 Revised:
    14:45 USD Manufacturing PMI Nov F
        Actual: 52.2 Forecast: 51.9
        Previous: 51.9 Revised:
    15:00 USD ISM Manufacturing PMI Nov
        Actual: 48.2 Forecast: 49
        Previous: 48.7 Revised:
    15:00 USD ISM Manufacturing Prices Paid Nov
        Actual: 58.5 Forecast: 59.5
        Previous: 58 Revised:
    15:00 USD ISM Manufacturing Employment Nov
        Actual: 44 Forecast:
        Previous: 46 Revised:

    Summary 12/1 – 12/5

    Monday, Dec 1, 2025

    GMT Ccy Events Consensus Previous
    01:30 CNY NBS Non-Manufacturing PMI Nov 50 50.1
    01:30 CNY NBS Manufacturing PMI Nov 49.2 49
    21:45 NZD Building Permits M/M Oct 7.20%
    23:50 JPY Capital Spending Q3 5.90% 7.60%
    00:00 AUD TD-MI Inflation Gauge M/M Nov 0.30%
    00:30 JPY Manufacturing PMI Nov F 48.8 48.8
    01:45 CNY RatingDog Manufacturing PMI Nov 50.5 50.6
    07:30 CHF Real Retail Sales Y/Y Oct 1.20% 1.50%
    08:30 CHF Manufacturing PMI Nov 49 48.2
    08:50 EUR France Manufacturing PMI Nov F 47.8 47.8
    08:55 EUR Germany Manufacturing PMI Nov F 48.4 48.4
    09:00 EUR Eurozone Manufacturing PMI Nov F 49.7 49.7
    09:30 GBP Manufacturing PMI Nov F 50.2 50.2
    09:30 GBP Mortgage Approvals Oct 64K 66K
    09:30 GBP M4 Money Supply M/M Oct 0.40% 0.60%
    14:30 CAD Manufacturing PMI Nov 49.6
    14:45 USD Manufacturing PMI Nov F 51.9 51.9
    15:00 USD ISM Manufacturing PMI Nov 49 48.7
    15:00 USD ISM Manufacturing Prices Paid Nov 59.5 58
    15:00 USD ISM Manufacturing Employment Nov 46
    15:00 USD Construction Spending M/M Oct -0.10% 0.20%
    21:45 NZD Terms of Trade Index Q3 0.30% 4.10%
    23:50 JPY Monetary Base Y/Y Nov -8.50% -7.80%
    GMT Ccy Events
    01:30 CNY NBS Non-Manufacturing PMI Nov
        Forecast: 50 Previous: 50.1
    01:30 CNY NBS Manufacturing PMI Nov
        Forecast: 49.2 Previous: 49
    21:45 NZD Building Permits M/M Oct
        Forecast: Previous: 7.20%
    23:50 JPY Capital Spending Q3
        Forecast: 5.90% Previous: 7.60%
    00:00 AUD TD-MI Inflation Gauge M/M Nov
        Forecast: Previous: 0.30%
    00:30 JPY Manufacturing PMI Nov F
        Forecast: 48.8 Previous: 48.8
    01:45 CNY RatingDog Manufacturing PMI Nov
        Forecast: 50.5 Previous: 50.6
    07:30 CHF Real Retail Sales Y/Y Oct
        Forecast: 1.20% Previous: 1.50%
    08:30 CHF Manufacturing PMI Nov
        Forecast: 49 Previous: 48.2
    08:50 EUR France Manufacturing PMI Nov F
        Forecast: 47.8 Previous: 47.8
    08:55 EUR Germany Manufacturing PMI Nov F
        Forecast: 48.4 Previous: 48.4
    09:00 EUR Eurozone Manufacturing PMI Nov F
        Forecast: 49.7 Previous: 49.7
    09:30 GBP Manufacturing PMI Nov F
        Forecast: 50.2 Previous: 50.2
    09:30 GBP Mortgage Approvals Oct
        Forecast: 64K Previous: 66K
    09:30 GBP M4 Money Supply M/M Oct
        Forecast: 0.40% Previous: 0.60%
    14:30 CAD Manufacturing PMI Nov
        Forecast: Previous: 49.6
    14:45 USD Manufacturing PMI Nov F
        Forecast: 51.9 Previous: 51.9
    15:00 USD ISM Manufacturing PMI Nov
        Forecast: 49 Previous: 48.7
    15:00 USD ISM Manufacturing Prices Paid Nov
        Forecast: 59.5 Previous: 58
    15:00 USD ISM Manufacturing Employment Nov
        Forecast: Previous: 46
    15:00 USD Construction Spending M/M Oct
        Forecast: -0.10% Previous: 0.20%
    21:45 NZD Terms of Trade Index Q3
        Forecast: 0.30% Previous: 4.10%
    23:50 JPY Monetary Base Y/Y Nov
        Forecast: -8.50% Previous: -7.80%

    Tuesday, Dec 2, 2025

    GMT Ccy Events Consensus Previous
    00:01 GBP BRC Shop Price Index Y/Y Nov 1.10% 1%
    00:30 AUD Current Account (AUD) Q3 -13.4B -13.7B
    00:30 AUD Building Permits M/M Oct -4.80% 12%
    05:00 JPY Consumer Confidence Nov 36.3 35.8
    10:00 EUR Eurozone Unemployment Rate Oct 6.30% 6.30%
    10:00 EUR Eurozone CPI Y/Y Nov P 2.10% 2.10%
    10:00 EUR Eurozone Core CPI Y/Y Nov P 2.40% 2.40%
    GMT Ccy Events
    00:01 GBP BRC Shop Price Index Y/Y Nov
        Forecast: 1.10% Previous: 1%
    00:30 AUD Current Account (AUD) Q3
        Forecast: -13.4B Previous: -13.7B
    00:30 AUD Building Permits M/M Oct
        Forecast: -4.80% Previous: 12%
    05:00 JPY Consumer Confidence Nov
        Forecast: 36.3 Previous: 35.8
    10:00 EUR Eurozone Unemployment Rate Oct
        Forecast: 6.30% Previous: 6.30%
    10:00 EUR Eurozone CPI Y/Y Nov P
        Forecast: 2.10% Previous: 2.10%
    10:00 EUR Eurozone Core CPI Y/Y Nov P
        Forecast: 2.40% Previous: 2.40%

    Wednesday, Dec 3, 2025

    GMT Ccy Events Consensus Previous
    00:30 AUD GDP Q/Q Q3 0.70% 0.60%
    01:45 CNY RatingDog Services PMI Nov 51.9 52.6
    07:30 CHF CPI M/M Nov -0.20% -0.30%
    07:30 CHF CPI Y/Y Nov 0.10%
    08:50 EUR France Services PMI Nov F 50.8 50.8
    08:55 EUR Germany Services PMI Nov F 52.7 52.7
    09:00 EUR Eurozone Services PMI Nov F 53.1 53.1
    09:30 GBP Services PMI Nov F 50.5 50.5
    10:00 EUR Eurozone PPI M/M Oct 0.20% -0.10%
    10:00 EUR Eurozone PPI Y/Y Oct -0.20%
    13:15 USD ADP Employment Change Nov 19K 42K
    13:30 CAD Labor Productivity Q/Q Q3 -1%
    13:30 USD Import Price Index M/M Sep 0.10% 0.30%
    14:45 USD Services PMI Nov F 55 55
    15:00 USD ISM Services PMI Nov 52 52.4
    15:30 USD Crude Oil Inventories (Nov 28) 2.8M
    GMT Ccy Events
    00:30 AUD GDP Q/Q Q3
        Forecast: 0.70% Previous: 0.60%
    01:45 CNY RatingDog Services PMI Nov
        Forecast: 51.9 Previous: 52.6
    07:30 CHF CPI M/M Nov
        Forecast: -0.20% Previous: -0.30%
    07:30 CHF CPI Y/Y Nov
        Forecast: Previous: 0.10%
    08:50 EUR France Services PMI Nov F
        Forecast: 50.8 Previous: 50.8
    08:55 EUR Germany Services PMI Nov F
        Forecast: 52.7 Previous: 52.7
    09:00 EUR Eurozone Services PMI Nov F
        Forecast: 53.1 Previous: 53.1
    09:30 GBP Services PMI Nov F
        Forecast: 50.5 Previous: 50.5
    10:00 EUR Eurozone PPI M/M Oct
        Forecast: 0.20% Previous: -0.10%
    10:00 EUR Eurozone PPI Y/Y Oct
        Forecast: Previous: -0.20%
    13:15 USD ADP Employment Change Nov
        Forecast: 19K Previous: 42K
    13:30 CAD Labor Productivity Q/Q Q3
        Forecast: Previous: -1%
    13:30 USD Import Price Index M/M Sep
        Forecast: 0.10% Previous: 0.30%
    14:45 USD Services PMI Nov F
        Forecast: 55 Previous: 55
    15:00 USD ISM Services PMI Nov
        Forecast: 52 Previous: 52.4
    15:30 USD Crude Oil Inventories (Nov 28)
        Forecast: Previous: 2.8M

    Thursday, Dec 4, 2025

    GMT Ccy Events Consensus Previous
    00:30 AUD Trade Balance (AUD) Oct 4.42B 3.94B
    06:45 CHF Unemployment Rate Nov 3.00% 3%
    09:30 GBP Construction PMI Nov 44.3 44.1
    10:00 EUR Eurozone Retail Sales M/M Oct 0.00% -0.10%
    12:30 USD Challenger Job Cuts Nov 175.30%
    13:30 USD Initial Jobless Claims (Nov 28) 220K 216K
    15:00 CAD Ivey PMI Nov 53.6 52.4
    15:30 USD Natural Gas Storage (Nov 28) -11B
    23:30 JPY Household Spending Y/Y Oct 1.10% 1.80%
    GMT Ccy Events
    00:30 AUD Trade Balance (AUD) Oct
        Forecast: 4.42B Previous: 3.94B
    06:45 CHF Unemployment Rate Nov
        Forecast: 3.00% Previous: 3%
    09:30 GBP Construction PMI Nov
        Forecast: 44.3 Previous: 44.1
    10:00 EUR Eurozone Retail Sales M/M Oct
        Forecast: 0.00% Previous: -0.10%
    12:30 USD Challenger Job Cuts Nov
        Forecast: Previous: 175.30%
    13:30 USD Initial Jobless Claims (Nov 28)
        Forecast: 220K Previous: 216K
    15:00 CAD Ivey PMI Nov
        Forecast: 53.6 Previous: 52.4
    15:30 USD Natural Gas Storage (Nov 28)
        Forecast: Previous: -11B
    23:30 JPY Household Spending Y/Y Oct
        Forecast: 1.10% Previous: 1.80%

    Friday, Dec 5, 2025

    GMT Ccy Events Consensus Previous
    05:00 JPY Leading Economic Index Oct P 109.4 108.6
    07:00 EUR Germany Factory Orders M/M Oct 0.40% 1.10%
    07:45 EUR France Industrial Output M/M Oct -0.10% 0.80%
    08:00 CHF Foreign Currency Reserves (CHF) Nov 725B
    10:00 EUR Eurozone GDP Q/Q Q3 F 0.20% 0.20%
    10:00 EUR Eurozone Employment Change Q/Q Q3 F 0.10% 0.10%
    13:30 USD Personal Income M/M Sep 0.30% 0.40%
    13:30 USD Personal Spending Sep 0.30% 0.60%
    13:30 USD PCE Price Index M/M Sep 0.30%
    13:30 USD PCE Price Index Y/Y Sep 2.70%
    13:30 USD Core PCE Price Index M/M Sep 0.20% 0.20%
    13:30 USD Core PCE Price Index Y/Y Sep 2.90%
    13:30 CAD Net Change in Employment Nov -7.6K 66.6K
    13:30 CAD Unemployment Rate Nov 7.00% 6.90%
    15:00 USD UoM Consumer Sentiment Dec P 52 51
    15:00 USD UoM 1-Yr Inflation Expectations Dec P 4.50%
    GMT Ccy Events
    05:00 JPY Leading Economic Index Oct P
        Forecast: 109.4 Previous: 108.6
    07:00 EUR Germany Factory Orders M/M Oct
        Forecast: 0.40% Previous: 1.10%
    07:45 EUR France Industrial Output M/M Oct
        Forecast: -0.10% Previous: 0.80%
    08:00 CHF Foreign Currency Reserves (CHF) Nov
        Forecast: Previous: 725B
    10:00 EUR Eurozone GDP Q/Q Q3 F
        Forecast: 0.20% Previous: 0.20%
    10:00 EUR Eurozone Employment Change Q/Q Q3 F
        Forecast: 0.10% Previous: 0.10%
    13:30 USD Personal Income M/M Sep
        Forecast: 0.30% Previous: 0.40%
    13:30 USD Personal Spending Sep
        Forecast: 0.30% Previous: 0.60%
    13:30 USD PCE Price Index M/M Sep
        Forecast: Previous: 0.30%
    13:30 USD PCE Price Index Y/Y Sep
        Forecast: Previous: 2.70%
    13:30 USD Core PCE Price Index M/M Sep
        Forecast: 0.20% Previous: 0.20%
    13:30 USD Core PCE Price Index Y/Y Sep
        Forecast: Previous: 2.90%
    13:30 CAD Net Change in Employment Nov
        Forecast: -7.6K Previous: 66.6K
    13:30 CAD Unemployment Rate Nov
        Forecast: 7.00% Previous: 6.90%
    15:00 USD UoM Consumer Sentiment Dec P
        Forecast: 52 Previous: 51
    15:00 USD UoM 1-Yr Inflation Expectations Dec P
        Forecast: Previous: 4.50%

    Eco Data 11/28/25

    GMT Ccy Events Actual Consensus Previous Revised
    23:30 JPY Tokyo CPI Y/Y Nov 2.70% 2.80%
    23:30 JPY Tokyo CPI Core Y/Y Nov 2.80% 2.70% 2.80%
    23:30 JPY Tokyo CPI Core-Core Y/Y Nov 2.80% 2.80%
    23:50 JPY Industrial Production M/M Oct P 1.40% -0.60% 2.60%
    23:50 JPY Retail Trade Y/Y Oct 1.70% 0.80% 0.50% 0.20%
    23:30 JPY Unemployment Rate Oct 2.60% 2.50% 2.60%
    00:30 AUD Private Sector Credit M/M Oct 0.70% 0.60% 0.60%
    05:00 JPY Housing Starts Y/Y Oct 3.20% -4.90% -7.30%
    07:00 EUR Germany Import Price Index M/M Oct 0.20% 0.30% 0.20%
    07:00 EUR Germany Retail Sales M/M Oct -0.30% 0.30% 0.20%
    07:45 EUR France GDP Q/Q Q3 0.50% 0.50% 0.50%
    08:00 CHF KOF Leading Indicator Nov 101.7 100.8 101.3 101.5
    08:00 CHF GDP Q/Q Q3 -0.50% -0.50% 0.10% 0.20%
    08:55 EUR Germany Unemployment Rate Oct 6.30% 6.30% 6.30%
    08:55 EUR Germany Unemployment Change Oct 1K 6K -1K
    13:00 EUR Germany CPI M/M Nov P -0.20% -0.30% 0.30%
    13:00 EUR Germany CPI Y/Y Nov P 2.30% 2.40% 2.30%
    13:30 CAD GDP M/M Sep 0.20% 0.20% -0.30%
    GMT Ccy Events
    23:30 JPY Tokyo CPI Y/Y Nov
        Actual: 2.70% Forecast:
        Previous: 2.80% Revised:
    23:30 JPY Tokyo CPI Core Y/Y Nov
        Actual: 2.80% Forecast: 2.70%
        Previous: 2.80% Revised:
    23:30 JPY Tokyo CPI Core-Core Y/Y Nov
        Actual: 2.80% Forecast:
        Previous: 2.80% Revised:
    23:50 JPY Industrial Production M/M Oct P
        Actual: 1.40% Forecast: -0.60%
        Previous: 2.60% Revised:
    23:50 JPY Retail Trade Y/Y Oct
        Actual: 1.70% Forecast: 0.80%
        Previous: 0.50% Revised: 0.20%
    23:30 JPY Unemployment Rate Oct
        Actual: 2.60% Forecast: 2.50%
        Previous: 2.60% Revised:
    00:30 AUD Private Sector Credit M/M Oct
        Actual: 0.70% Forecast: 0.60%
        Previous: 0.60% Revised:
    05:00 JPY Housing Starts Y/Y Oct
        Actual: 3.20% Forecast: -4.90%
        Previous: -7.30% Revised:
    07:00 EUR Germany Import Price Index M/M Oct
        Actual: 0.20% Forecast: 0.30%
        Previous: 0.20% Revised:
    07:00 EUR Germany Retail Sales M/M Oct
        Actual: -0.30% Forecast: 0.30%
        Previous: 0.20% Revised:
    07:45 EUR France GDP Q/Q Q3
        Actual: 0.50% Forecast: 0.50%
        Previous: 0.50% Revised:
    08:00 CHF KOF Leading Indicator Nov
        Actual: 101.7 Forecast: 100.8
        Previous: 101.3 Revised: 101.5
    08:00 CHF GDP Q/Q Q3
        Actual: -0.50% Forecast: -0.50%
        Previous: 0.10% Revised: 0.20%
    08:55 EUR Germany Unemployment Rate Oct
        Actual: 6.30% Forecast: 6.30%
        Previous: 6.30% Revised:
    08:55 EUR Germany Unemployment Change Oct
        Actual: 1K Forecast: 6K
        Previous: -1K Revised:
    13:00 EUR Germany CPI M/M Nov P
        Actual: -0.20% Forecast: -0.30%
        Previous: 0.30% Revised:
    13:00 EUR Germany CPI Y/Y Nov P
        Actual: 2.30% Forecast: 2.40%
        Previous: 2.30% Revised:
    13:30 CAD GDP M/M Sep
        Actual: 0.20% Forecast: 0.20%
        Previous: -0.30% Revised:

    Eco Data 11/27/25

    GMT Ccy Events Actual Consensus Previous Revised
    21:45 NZD Retail Sales Q/Q Q3 1.90% 0.60% 0.50% 0.70%
    21:45 NZD Retail Sales ex Autos Q/Q Q3 1.20% 0.80% 0.70% 1.00%
    00:00 NZD ANZ Business Confidence Nov 67.1 58.1
    00:30 AUD Private Capital Expenditure Q3 6.40% 0.60% 0.20% 0.40%
    07:00 EUR Germany GfK Consumer Confidence Dec -23.2 -23.4 -24.1
    09:00 EUR Eurozone M3 Money Supply Y/Y Oct 2.80% 2.80% 2.80%
    10:00 EUR Eurozone Economic Sentiment Nov 97 97 96.8
    10:00 EUR Eurozone Industrial Confidence Nov -9.3 -8 -8.2 -8.5
    10:00 EUR Eurozone Services Sentiment Nov 5.7 4.4 4 4.2
    10:00 EUR Eurozone Consumer Confidence Nov F -14.2 -14.2 -14.2
    12:30 EUR ECB Meeting Accounts
    13:30 CAD Current Account (CAD) Q3 -9.7B -14.4B -21.2B -21.6B
    GMT Ccy Events
    21:45 NZD Retail Sales Q/Q Q3
        Actual: 1.90% Forecast: 0.60%
        Previous: 0.50% Revised: 0.70%
    21:45 NZD Retail Sales ex Autos Q/Q Q3
        Actual: 1.20% Forecast: 0.80%
        Previous: 0.70% Revised: 1.00%
    00:00 NZD ANZ Business Confidence Nov
        Actual: 67.1 Forecast:
        Previous: 58.1 Revised:
    00:30 AUD Private Capital Expenditure Q3
        Actual: 6.40% Forecast: 0.60%
        Previous: 0.20% Revised: 0.40%
    07:00 EUR Germany GfK Consumer Confidence Dec
        Actual: -23.2 Forecast: -23.4
        Previous: -24.1 Revised:
    09:00 EUR Eurozone M3 Money Supply Y/Y Oct
        Actual: 2.80% Forecast: 2.80%
        Previous: 2.80% Revised:
    10:00 EUR Eurozone Economic Sentiment Nov
        Actual: 97 Forecast: 97
        Previous: 96.8 Revised:
    10:00 EUR Eurozone Industrial Confidence Nov
        Actual: -9.3 Forecast: -8
        Previous: -8.2 Revised: -8.5
    10:00 EUR Eurozone Services Sentiment Nov
        Actual: 5.7 Forecast: 4.4
        Previous: 4 Revised: 4.2
    10:00 EUR Eurozone Consumer Confidence Nov F
        Actual: -14.2 Forecast: -14.2
        Previous: -14.2 Revised:
    12:30 EUR ECB Meeting Accounts
        Actual: Forecast:
        Previous: Revised:
    13:30 CAD Current Account (CAD) Q3
        Actual: -9.7B Forecast: -14.4B
        Previous: -21.2B Revised: -21.6B

    Eco Data 11/26/25

    GMT Ccy Events Actual Consensus Previous Revised
    23:50 JPY Corporate Service Price Index Y/Y Oct 2.70% 2.70% 3.00%
    00:30 AUD Monthly CPI Y/Y Oct 3.80% 3.60% 3.50%
    01:00 NZD RBNZ Interest Rate Decision 2.25% 2.25% 2.50%
    09:00 CHF UBS Economic Expectations Nov 12.2 -7.7
    13:30 USD Initial Jobless Claims (Nov 21) 216K 226K 220K 222K
    13:30 USD Durable Goods Orders Sep 0.50% 0.50% 2.90%
    13:30 USD Durable Goods Orders ex Transport Sep 0.60% 0.20% 0.30%
    14:45 USD Chicago PMI Nov 36.3 43.9 43.8
    15:30 USD Crude Oil Inventories (Nov 21) 2.8M -1.3M -3.4M
    17:00 USD Natural Gas Storage (Nov 21) -11B -5B -14B
    19:00 USD Fed's Beige Book
    GMT Ccy Events
    23:50 JPY Corporate Service Price Index Y/Y Oct
        Actual: 2.70% Forecast: 2.70%
        Previous: 3.00% Revised:
    00:30 AUD Monthly CPI Y/Y Oct
        Actual: 3.80% Forecast: 3.60%
        Previous: 3.50% Revised:
    01:00 NZD RBNZ Interest Rate Decision
        Actual: 2.25% Forecast: 2.25%
        Previous: 2.50% Revised:
    09:00 CHF UBS Economic Expectations Nov
        Actual: 12.2 Forecast:
        Previous: -7.7 Revised:
    13:30 USD Initial Jobless Claims (Nov 21)
        Actual: 216K Forecast: 226K
        Previous: 220K Revised: 222K
    13:30 USD Durable Goods Orders Sep
        Actual: 0.50% Forecast: 0.50%
        Previous: 2.90% Revised:
    13:30 USD Durable Goods Orders ex Transport Sep
        Actual: 0.60% Forecast: 0.20%
        Previous: 0.30% Revised:
    14:45 USD Chicago PMI Nov
        Actual: 36.3 Forecast: 43.9
        Previous: 43.8 Revised:
    15:30 USD Crude Oil Inventories (Nov 21)
        Actual: 2.8M Forecast: -1.3M
        Previous: -3.4M Revised:
    17:00 USD Natural Gas Storage (Nov 21)
        Actual: -11B Forecast: -5B
        Previous: -14B Revised:
    19:00 USD Fed's Beige Book
        Actual: Forecast:
        Previous: Revised:
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