Economic Calendar

Economic Calendar

Eco Data 12/22/25

    GMT Ccy Events Actual Consensus Previous Revised
    01:00 CNY 1-Y Loan Prime Rate 3.00% 3.00% 3.00%
    01:00 CNY 5-Y Loan Prime Rate 3.50% 3.50% 3.50%
    07:00 GBP GDP Q/Q Q3 F 0.10% 0.10% 0.10%
    07:00 GBP Current Account (GBP) Q3 -12.1B -19.1B -28.9B
    13:30 CAD Industrial Product Price M/M Nov 0.90% 0.30% 1.50%
    13:30 CAD Raw Material Price Index Nov 0.30% 0.60% 1.60%
    GMT Ccy Events
    01:00 CNY 1-Y Loan Prime Rate
        Actual: 3.00% Forecast: 3.00%
        Previous: 3.00% Revised:
    01:00 CNY 5-Y Loan Prime Rate
        Actual: 3.50% Forecast: 3.50%
        Previous: 3.50% Revised:
    07:00 GBP GDP Q/Q Q3 F
        Actual: 0.10% Forecast: 0.10%
        Previous: 0.10% Revised:
    07:00 GBP Current Account (GBP) Q3
        Actual: -12.1B Forecast: -19.1B
        Previous: -28.9B Revised:
    13:30 CAD Industrial Product Price M/M Nov
        Actual: 0.90% Forecast: 0.30%
        Previous: 1.50% Revised:
    13:30 CAD Raw Material Price Index Nov
        Actual: 0.30% Forecast: 0.60%
        Previous: 1.60% Revised:

    Summary 12/22 – 12/26

      Monday, Dec 22, 2025

      GMT Ccy Events Consensus Previous
      01:00 CNY 1-Y Loan Prime Rate 3.00% 3.00%
      01:00 CNY 5-Y Loan Prime Rate 3.50% 3.50%
      07:00 GBP GDP Q/Q Q3 F 0.10% 0.10%
      07:00 GBP Current Account (GBP) Q3 -19.1B -28.9B
      13:30 CAD Industrial Product Price M/M Nov 0.30% 1.50%
      13:30 CAD Raw Material Price Index Nov 0.60% 1.60%
      GMT Ccy Events
      01:00 CNY 1-Y Loan Prime Rate
          Forecast: 3.00% Previous: 3.00%
      01:00 CNY 5-Y Loan Prime Rate
          Forecast: 3.50% Previous: 3.50%
      07:00 GBP GDP Q/Q Q3 F
          Forecast: 0.10% Previous: 0.10%
      07:00 GBP Current Account (GBP) Q3
          Forecast: -19.1B Previous: -28.9B
      13:30 CAD Industrial Product Price M/M Nov
          Forecast: 0.30% Previous: 1.50%
      13:30 CAD Raw Material Price Index Nov
          Forecast: 0.60% Previous: 1.60%

      Tuesday, Dec 23, 2025

      GMT Ccy Events Consensus Previous
      00:30 AUD RBA Meeting Minutes
      07:00 EUR Germany Import Price M/M Nov 0.10% 0.20%
      09:00 CHF UBS Economic Expectations Dec 12.2
      13:30 CAD GDP M/M Oct -0.30% 0.20%
      13:30 USD GDP Annualized Q3 P 3.20% 3.80%
      13:30 USD GDP Price Index Q3 P 2.60% 2.10%
      13:30 USD Durable Goods Orders Oct 0.20% 0.50%
      13:30 USD Durable Goods Orders ex Transport Oct -1.50% 0.60%
      14:15 USD Industrial Production M/M Oct 0.10%
      14:15 USD Industrial Production M/M Nov 0.10%
      14:15 USD Capacity Utilization Oct 75.90%
      14:15 USD Capacity Utilization Nov 75.90%
      15:00 USD Consumer Confidence Dec 91.7 88.7
      18:30 CAD BoC Summary of Deliberations
      23:50 JPY BoJ Minutes
      23:50 JPY Corporate Service Price Index Y/Y Nov 2.60% 2.70%
      GMT Ccy Events
      00:30 AUD RBA Meeting Minutes
          Forecast: Previous:
      07:00 EUR Germany Import Price M/M Nov
          Forecast: 0.10% Previous: 0.20%
      09:00 CHF UBS Economic Expectations Dec
          Forecast: Previous: 12.2
      13:30 CAD GDP M/M Oct
          Forecast: -0.30% Previous: 0.20%
      13:30 USD GDP Annualized Q3 P
          Forecast: 3.20% Previous: 3.80%
      13:30 USD GDP Price Index Q3 P
          Forecast: 2.60% Previous: 2.10%
      13:30 USD Durable Goods Orders Oct
          Forecast: 0.20% Previous: 0.50%
      13:30 USD Durable Goods Orders ex Transport Oct
          Forecast: -1.50% Previous: 0.60%
      14:15 USD Industrial Production M/M Oct
          Forecast: Previous: 0.10%
      14:15 USD Industrial Production M/M Nov
          Forecast: 0.10% Previous:
      14:15 USD Capacity Utilization Oct
          Forecast: Previous: 75.90%
      14:15 USD Capacity Utilization Nov
          Forecast: 75.90% Previous:
      15:00 USD Consumer Confidence Dec
          Forecast: 91.7 Previous: 88.7
      18:30 CAD BoC Summary of Deliberations
          Forecast: Previous:
      23:50 JPY BoJ Minutes
          Forecast: Previous:
      23:50 JPY Corporate Service Price Index Y/Y Nov
          Forecast: 2.60% Previous: 2.70%

      Wednesday, Dec 24, 2025

      GMT Ccy Events Consensus Previous
      13:30 USD Initial Jobless Claims (Dec 19) 225K 224K
      15:30 USD Crude Oil Inventories (Dec 19) -1.3M
      17:00 USD Natural Gas Storage (Dec 19) -167B
      GMT Ccy Events
      13:30 USD Initial Jobless Claims (Dec 19)
          Forecast: 225K Previous: 224K
      15:30 USD Crude Oil Inventories (Dec 19)
          Forecast: Previous: -1.3M
      17:00 USD Natural Gas Storage (Dec 19)
          Forecast: Previous: -167B

      Thursday, Dec 25, 2025

      GMT Ccy Events Consensus Previous
      05:00 JPY Housing Starts Y/Y Nov 0.70% 3.20%
      23:30 JPY Tokyo CPI Y/Y Dec 2.70%
      23:30 JPY Tokyo CPI Core Y/Y Dec 2.50% 2.80%
      23:30 JPY Tokyo CPI Core-Core Y/Y Dec 2.80%
      23:50 JPY Industrial Production M/M Nov P -2.00% 1.50%
      23:50 JPY Retail Trade Y/Y Nov 0.90% 1.70%
      GMT Ccy Events
      05:00 JPY Housing Starts Y/Y Nov
          Forecast: 0.70% Previous: 3.20%
      23:30 JPY Tokyo CPI Y/Y Dec
          Forecast: Previous: 2.70%
      23:30 JPY Tokyo CPI Core Y/Y Dec
          Forecast: 2.50% Previous: 2.80%
      23:30 JPY Tokyo CPI Core-Core Y/Y Dec
          Forecast: Previous: 2.80%
      23:50 JPY Industrial Production M/M Nov P
          Forecast: -2.00% Previous: 1.50%
      23:50 JPY Retail Trade Y/Y Nov
          Forecast: 0.90% Previous: 1.70%

      Friday, Dec 26, 2025

      —–

      Eco Data 12/19/25

        GMT Ccy Events Actual Consensus Previous Revised
        21:45 NZD Trade Balance (NZD) Nov -163M -1175M -1542M -1598M
        23:30 JPY National CPI Y/Y Nov 2.90% 3%
        23:30 JPY National CPI Core Y/Y Nov 3.00% 3.00% 3.00%
        23:30 JPY National CPI Core-Core Y/Y Nov 3.00% 3.10%
        00:00 NZD ANZ Business Confidence Dec 73.6 67.1
        00:00 NZD ANZ Activity Outlook Dec 60.9 53.1
        00:01 GBP GfK Consumer Confidence Dec -17 -18 -19
        00:30 AUD Private Sector Credit M/M Nov 0.60% 0.60% 0.70%
        03:19 JPY BoJ Interest Rate Decision 0.75% 0.75% 0.50%
        06:30 JPY BoJ Press Conference
        07:00 GBP Retail Sales M/M Nov -0.10% 0.40% -1.10% -0.90%
        07:00 GBP Public Sector Net Borrowing (GBP) Nov 11.7B 10.2B 17.4B 21.2B
        07:00 EUR Germany GfK Consumer Confidence Jan -26.9 -23 -23.2 -23.4
        07:00 EUR Germany PPI M/M Nov 0.00% 0.10% 0.10%
        07:00 EUR Germany PPI Y/Y Nov -2.30% -2.20% -1.80%
        09:00 EUR Eurozone Current Account (EUR) Oct 25.7B 19.6B 23.1B 23.6B
        13:30 CAD New Housing Price Index M/M Nov 0.00% 0.00% -0.40%
        13:30 CAD Retail Sales M/M Oct -0.20% 0.00% -0.70% -0.90%
        13:30 CAD Retail Sales ex Autos M/M Oct -0.60% 0.00% 0.20% -0.10%
        15:00 USD Existing Home Sales M/M Nov 4.13M 4.15M 4.10M 4.11M
        15:00 USD UoM Consumer Sentiment Dec F 52.9 53.3 53.3
        15:00 USD UoM 1-Yr Inflation Expectations Dec F 4.20% 4.10%
        15:00 EUR Eurozone Consumer Confidence Dec P -15 -14 -14
        GMT Ccy Events
        21:45 NZD Trade Balance (NZD) Nov
            Actual: -163M Forecast: -1175M
            Previous: -1542M Revised: -1598M
        23:30 JPY National CPI Y/Y Nov
            Actual: 2.90% Forecast:
            Previous: 3% Revised:
        23:30 JPY National CPI Core Y/Y Nov
            Actual: 3.00% Forecast: 3.00%
            Previous: 3.00% Revised:
        23:30 JPY National CPI Core-Core Y/Y Nov
            Actual: 3.00% Forecast:
            Previous: 3.10% Revised:
        00:00 NZD ANZ Business Confidence Dec
            Actual: 73.6 Forecast:
            Previous: 67.1 Revised:
        00:00 NZD ANZ Activity Outlook Dec
            Actual: 60.9 Forecast:
            Previous: 53.1 Revised:
        00:01 GBP GfK Consumer Confidence Dec
            Actual: -17 Forecast: -18
            Previous: -19 Revised:
        00:30 AUD Private Sector Credit M/M Nov
            Actual: 0.60% Forecast: 0.60%
            Previous: 0.70% Revised:
        03:19 JPY BoJ Interest Rate Decision
            Actual: 0.75% Forecast: 0.75%
            Previous: 0.50% Revised:
        06:30 JPY BoJ Press Conference
            Actual: Forecast:
            Previous: Revised:
        07:00 GBP Retail Sales M/M Nov
            Actual: -0.10% Forecast: 0.40%
            Previous: -1.10% Revised: -0.90%
        07:00 GBP Public Sector Net Borrowing (GBP) Nov
            Actual: 11.7B Forecast: 10.2B
            Previous: 17.4B Revised: 21.2B
        07:00 EUR Germany GfK Consumer Confidence Jan
            Actual: -26.9 Forecast: -23
            Previous: -23.2 Revised: -23.4
        07:00 EUR Germany PPI M/M Nov
            Actual: 0.00% Forecast: 0.10%
            Previous: 0.10% Revised:
        07:00 EUR Germany PPI Y/Y Nov
            Actual: -2.30% Forecast: -2.20%
            Previous: -1.80% Revised:
        09:00 EUR Eurozone Current Account (EUR) Oct
            Actual: 25.7B Forecast: 19.6B
            Previous: 23.1B Revised: 23.6B
        13:30 CAD New Housing Price Index M/M Nov
            Actual: 0.00% Forecast: 0.00%
            Previous: -0.40% Revised:
        13:30 CAD Retail Sales M/M Oct
            Actual: -0.20% Forecast: 0.00%
            Previous: -0.70% Revised: -0.90%
        13:30 CAD Retail Sales ex Autos M/M Oct
            Actual: -0.60% Forecast: 0.00%
            Previous: 0.20% Revised: -0.10%
        15:00 USD Existing Home Sales M/M Nov
            Actual: 4.13M Forecast: 4.15M
            Previous: 4.10M Revised: 4.11M
        15:00 USD UoM Consumer Sentiment Dec F
            Actual: 52.9 Forecast: 53.3
            Previous: 53.3 Revised:
        15:00 USD UoM 1-Yr Inflation Expectations Dec F
            Actual: 4.20% Forecast:
            Previous: 4.10% Revised:
        15:00 EUR Eurozone Consumer Confidence Dec P
            Actual: -15 Forecast: -14
            Previous: -14 Revised:

        Eco Data 12/18/25

          GMT Ccy Events Actual Consensus Previous Revised
          21:45 NZD GDP Q/Q Q3 1.10% 0.80% -0.90% -1.00%
          00:00 AUD Consumer Inflation Expectations Dec 4.70% 4.50%
          07:00 CHF Trade Balance (CHF) Nov 3.84B 5.32B 4.32B 4.20B
          12:00 GBP BoE Interest Rate Decision 3.75% 3.75% 4.00%
          13:15 EUR ECB Deposit Rate 2.00% 2.00% 2.00%
          13:15 EUR ECB Main Refinancing Rate 2.15% 2.15% 2.15%
          13:30 USD Initial Jobless Claims (Dec 12) 224K 224K 236K 237K
          13:30 USD CPI Y/Y Nov 2.70% 3.10% 3.00%
          13:30 USD CPI Core Y/Y Nov 2.60% 3.00% 3.00%
          13:30 USD Philadelphia Fed Manufacturing Survey Dec -10.2 2.2 -1.7
          13:45 EUR ECB Press Conference
          15:30 USD Natural Gas Storage (Dec 12) -176B -177B
          GMT Ccy Events
          21:45 NZD GDP Q/Q Q3
              Actual: 1.10% Forecast: 0.80%
              Previous: -0.90% Revised: -1.00%
          00:00 AUD Consumer Inflation Expectations Dec
              Actual: 4.70% Forecast:
              Previous: 4.50% Revised:
          07:00 CHF Trade Balance (CHF) Nov
              Actual: 3.84B Forecast: 5.32B
              Previous: 4.32B Revised: 4.20B
          12:00 GBP BoE Interest Rate Decision
              Actual: 3.75% Forecast: 3.75%
              Previous: 4.00% Revised:
          13:15 EUR ECB Deposit Rate
              Actual: 2.00% Forecast: 2.00%
              Previous: 2.00% Revised:
          13:15 EUR ECB Main Refinancing Rate
              Actual: 2.15% Forecast: 2.15%
              Previous: 2.15% Revised:
          13:30 USD Initial Jobless Claims (Dec 12)
              Actual: 224K Forecast: 224K
              Previous: 236K Revised: 237K
          13:30 USD CPI Y/Y Nov
              Actual: 2.70% Forecast: 3.10%
              Previous: 3.00% Revised:
          13:30 USD CPI Core Y/Y Nov
              Actual: 2.60% Forecast: 3.00%
              Previous: 3.00% Revised:
          13:30 USD Philadelphia Fed Manufacturing Survey Dec
              Actual: -10.2 Forecast: 2.2
              Previous: -1.7 Revised:
          13:45 EUR ECB Press Conference
              Actual: Forecast:
              Previous: Revised:
          15:30 USD Natural Gas Storage (Dec 12)
              Actual: Forecast: -176B
              Previous: -177B Revised:

          Eco Data 12/17/25

            GMT Ccy Events Actual Consensus Previous Revised
            21:45 NZD Current Account (NZD) Q3 -8.37B -7.65B -0.97B -1.30B
            23:50 JPY Trade Balance (JPY) Nov 0.06T -0.21T 0.00T 0.07T
            00:00 AUD Westpac Leading Index M/M Nov 0.00% 0.11%
            07:00 GBP CPI M/M Nov -0.20% 0.00% 0.40%
            07:00 GBP CPI Y/Y Nov 3.20% 3.50% 3.60%
            07:00 GBP Core CPI Y/Y Nov 3.20% 3.40% 3.40%
            07:00 GBP RPI M/M Nov -0.50% 0.30%
            07:00 GBP RPI Y/Y Nov 3.80% 4.30% 4.30%
            07:00 GBP PPI Input M/M Nov 0.30% 0.20% -0.30%
            07:00 GBP PPI Input Y/Y Nov 1.10% 0.40% 0.50%
            07:00 GBP PPI Output M/M Nov 0.00% 0.10% 0%
            07:00 GBP PPI Output Y/Y Nov 3.50% 3.60%
            07:00 GBP PPI Core Output M/M Nov 0.10% 0.10% 0.10%
            07:00 GBP PPI Core Output Y/Y Nov 3.40% 3.60%
            09:00 EUR Germany IFO Business Climate Dec 87.6 88.5 88.1 88
            09:00 EUR Germany IFO Current Assessment Dec 85.6 86 85.6
            09:00 EUR Germany IFO Expectations Dec 89.7 91 90.6 90.5
            10:00 EUR Eurozone CPI Y/Y Nov F 2.10% 2.20% 2.20%
            10:00 EUR Eurozone Core CPI Y/Y Nov F 2.40% 2.40% 2.40%
            15:30 USD Crude Oil Inventories (Dec 12) -1.3M -2.4M -1.8M
            GMT Ccy Events
            21:45 NZD Current Account (NZD) Q3
                Actual: -8.37B Forecast: -7.65B
                Previous: -0.97B Revised: -1.30B
            23:50 JPY Trade Balance (JPY) Nov
                Actual: 0.06T Forecast: -0.21T
                Previous: 0.00T Revised: 0.07T
            00:00 AUD Westpac Leading Index M/M Nov
                Actual: 0.00% Forecast:
                Previous: 0.11% Revised:
            07:00 GBP CPI M/M Nov
                Actual: -0.20% Forecast: 0.00%
                Previous: 0.40% Revised:
            07:00 GBP CPI Y/Y Nov
                Actual: 3.20% Forecast: 3.50%
                Previous: 3.60% Revised:
            07:00 GBP Core CPI Y/Y Nov
                Actual: 3.20% Forecast: 3.40%
                Previous: 3.40% Revised:
            07:00 GBP RPI M/M Nov
                Actual: -0.50% Forecast:
                Previous: 0.30% Revised:
            07:00 GBP RPI Y/Y Nov
                Actual: 3.80% Forecast: 4.30%
                Previous: 4.30% Revised:
            07:00 GBP PPI Input M/M Nov
                Actual: 0.30% Forecast: 0.20%
                Previous: -0.30% Revised:
            07:00 GBP PPI Input Y/Y Nov
                Actual: 1.10% Forecast: 0.40%
                Previous: 0.50% Revised:
            07:00 GBP PPI Output M/M Nov
                Actual: 0.00% Forecast: 0.10%
                Previous: 0% Revised:
            07:00 GBP PPI Output Y/Y Nov
                Actual: 3.50% Forecast:
                Previous: 3.60% Revised:
            07:00 GBP PPI Core Output M/M Nov
                Actual: 0.10% Forecast: 0.10%
                Previous: 0.10% Revised:
            07:00 GBP PPI Core Output Y/Y Nov
                Actual: 3.40% Forecast:
                Previous: 3.60% Revised:
            09:00 EUR Germany IFO Business Climate Dec
                Actual: 87.6 Forecast: 88.5
                Previous: 88.1 Revised: 88
            09:00 EUR Germany IFO Current Assessment Dec
                Actual: 85.6 Forecast: 86
                Previous: 85.6 Revised:
            09:00 EUR Germany IFO Expectations Dec
                Actual: 89.7 Forecast: 91
                Previous: 90.6 Revised: 90.5
            10:00 EUR Eurozone CPI Y/Y Nov F
                Actual: 2.10% Forecast: 2.20%
                Previous: 2.20% Revised:
            10:00 EUR Eurozone Core CPI Y/Y Nov F
                Actual: 2.40% Forecast: 2.40%
                Previous: 2.40% Revised:
            15:30 USD Crude Oil Inventories (Dec 12)
                Actual: -1.3M Forecast: -2.4M
                Previous: -1.8M Revised:

            Eco Data 12/16/25

              GMT Ccy Events Actual Consensus Previous Revised
              22:00 AUD Manufacturing PMI Dec P 52.2 51.6
              22:00 AUD Services PMI Dec P 51 52.8
              23:30 AUD Westpac Consumer Confidence Dec 94.50% 12.80%
              00:30 JPY Manufacturing PMI Dec P 49.7 48.8 48.7
              00:30 JPY Services PMI Dec P 52.5 53.2
              07:00 GBP Claimant Count Change Nov 20.1K 22.3K 29.0K
              07:00 GBP ILO Unemployment Rate (3M) Oct 5.10% 5.10% 5%
              07:00 GBP Average Earnings Including Bonus 3M/Y Oct 4.70% 4.40% 4.80% 4.90%
              07:00 GBP Average Earnings Excluding Bonus 3M/Y Oct 4.60% 4.50% 4.60% 4.70%
              08:15 EUR France Manufacturing PMI Dec P 50.6 48.2 47.8
              08:15 EUR France Services PMI Dec P 50.2 51.3 51.4
              08:30 EUR Germany Manufacturing PMI Dec P 47.7 48.5 48.2
              08:30 EUR Germany Services PMI Dec P 52.6 53 53.1
              09:00 EUR Eurozone Manufacturing PMI Dec P 49.2 49.9 49.6
              09:00 EUR Eurozone Services PMI Dec P 52.6 53.9 53.6
              09:30 GBP Manufacturing PMI Dec P 51.2 50.3 50.2
              09:30 GBP Services PMI Dec P 52.1 51.6 51.3
              10:00 EUR Eurozone Trade Balance (EUR Oct 14.0B 18.3B 18.7B 18.0B
              10:00 EUR Germany ZEW Economic Sentiment Dec 45.8 40 38.5
              10:00 EUR Germany ZEW Current Situation Dec -81 -76.2 -78.7
              10:00 EUR Eurozone ZEW Economic Sentiment Dec 33.7 26.3 25
              13:30 USD Retail Sales M/M Oct 0.00% 0.20% 0.20%
              13:30 USD Retail Sales ex Autos M/M Oct 0.40% 0.30% 0.30%
              13:30 USD Nonfarm Payrolls Oct -105K 119K
              13:30 USD Nonfarm Payrolls Nov 64K 50K
              13:30 USD Unemployment Rate Nov 4.60% 4.40% 4.40%
              13:30 USD Average Hourly Earnings M/M Oct 0.10% 0.30% 0.20%
              14:45 USD Manufacturing PMI Dec P 51.8 52 52.2
              14:45 USD Services PMI Dec P 52.9 54 54.1
              15:00 USD Business Inventories Sep 0.20% 0.20% 0.00%
              GMT Ccy Events
              22:00 AUD Manufacturing PMI Dec P
                  Actual: 52.2 Forecast:
                  Previous: 51.6 Revised:
              22:00 AUD Services PMI Dec P
                  Actual: 51 Forecast:
                  Previous: 52.8 Revised:
              23:30 AUD Westpac Consumer Confidence Dec
                  Actual: 94.50% Forecast:
                  Previous: 12.80% Revised:
              00:30 JPY Manufacturing PMI Dec P
                  Actual: 49.7 Forecast: 48.8
                  Previous: 48.7 Revised:
              00:30 JPY Services PMI Dec P
                  Actual: 52.5 Forecast:
                  Previous: 53.2 Revised:
              07:00 GBP Claimant Count Change Nov
                  Actual: 20.1K Forecast: 22.3K
                  Previous: 29.0K Revised:
              07:00 GBP ILO Unemployment Rate (3M) Oct
                  Actual: 5.10% Forecast: 5.10%
                  Previous: 5% Revised:
              07:00 GBP Average Earnings Including Bonus 3M/Y Oct
                  Actual: 4.70% Forecast: 4.40%
                  Previous: 4.80% Revised: 4.90%
              07:00 GBP Average Earnings Excluding Bonus 3M/Y Oct
                  Actual: 4.60% Forecast: 4.50%
                  Previous: 4.60% Revised: 4.70%
              08:15 EUR France Manufacturing PMI Dec P
                  Actual: 50.6 Forecast: 48.2
                  Previous: 47.8 Revised:
              08:15 EUR France Services PMI Dec P
                  Actual: 50.2 Forecast: 51.3
                  Previous: 51.4 Revised:
              08:30 EUR Germany Manufacturing PMI Dec P
                  Actual: 47.7 Forecast: 48.5
                  Previous: 48.2 Revised:
              08:30 EUR Germany Services PMI Dec P
                  Actual: 52.6 Forecast: 53
                  Previous: 53.1 Revised:
              09:00 EUR Eurozone Manufacturing PMI Dec P
                  Actual: 49.2 Forecast: 49.9
                  Previous: 49.6 Revised:
              09:00 EUR Eurozone Services PMI Dec P
                  Actual: 52.6 Forecast: 53.9
                  Previous: 53.6 Revised:
              09:30 GBP Manufacturing PMI Dec P
                  Actual: 51.2 Forecast: 50.3
                  Previous: 50.2 Revised:
              09:30 GBP Services PMI Dec P
                  Actual: 52.1 Forecast: 51.6
                  Previous: 51.3 Revised:
              10:00 EUR Eurozone Trade Balance (EUR Oct
                  Actual: 14.0B Forecast: 18.3B
                  Previous: 18.7B Revised: 18.0B
              10:00 EUR Germany ZEW Economic Sentiment Dec
                  Actual: 45.8 Forecast: 40
                  Previous: 38.5 Revised:
              10:00 EUR Germany ZEW Current Situation Dec
                  Actual: -81 Forecast: -76.2
                  Previous: -78.7 Revised:
              10:00 EUR Eurozone ZEW Economic Sentiment Dec
                  Actual: 33.7 Forecast: 26.3
                  Previous: 25 Revised:
              13:30 USD Retail Sales M/M Oct
                  Actual: 0.00% Forecast: 0.20%
                  Previous: 0.20% Revised:
              13:30 USD Retail Sales ex Autos M/M Oct
                  Actual: 0.40% Forecast: 0.30%
                  Previous: 0.30% Revised:
              13:30 USD Nonfarm Payrolls Oct
                  Actual: -105K Forecast:
                  Previous: 119K Revised:
              13:30 USD Nonfarm Payrolls Nov
                  Actual: 64K Forecast: 50K
                  Previous: Revised:
              13:30 USD Unemployment Rate Nov
                  Actual: 4.60% Forecast: 4.40%
                  Previous: 4.40% Revised:
              13:30 USD Average Hourly Earnings M/M Oct
                  Actual: 0.10% Forecast: 0.30%
                  Previous: 0.20% Revised:
              14:45 USD Manufacturing PMI Dec P
                  Actual: 51.8 Forecast: 52
                  Previous: 52.2 Revised:
              14:45 USD Services PMI Dec P
                  Actual: 52.9 Forecast: 54
                  Previous: 54.1 Revised:
              15:00 USD Business Inventories Sep
                  Actual: 0.20% Forecast: 0.20%
                  Previous: 0.00% Revised:

              Eco Data 12/15/25

                GMT Ccy Events Actual Consensus Previous Revised
                21:30 NZD Business NZ PSI Nov 46.9 48.7 48.4
                23:50 JPY Tankan Large Manufacturing Index Q4 15 15 14
                23:50 JPY Tankan Non - Manufacturing Index Q4 34 35 34
                23:50 JPY Tankan Large Manufacturing Outlook Q4 15 13 12
                23:50 JPY Tankan Non - Manufacturing Outlook Q4 28 28 28
                23:50 JPY Tankan Large All Industry Capex Q4 12.60% 12.00% 12.50%
                02:00 CNY Industrial Production Y/Y Nov 4.80% 5.00% 4.90%
                02:00 CNY Retail Sales Y/Y Nov 1.30% 2.90% 2.90%
                02:00 CNY Fixed Asset Investment YTD Y/Y Nov -2.60% -2.30% -1.70%
                04:30 JPY Tertiary Industry Index M/M Oct 0.90% 0.20% 0.30% 0.10%
                07:30 CHF Producer and Import Prices M/M Nov -0.50% 0.10% -0.30%
                07:30 CHF Producer and Import Prices Y/Y Nov -1.60% -1.70%
                08:00 CHF SECO Economic Forecasts
                10:00 EUR Eurozone Industrial Production M/M Oct 0.80% 0.70% 0.20%
                13:15 CAD Housing Starts Y/Y Nov 254K 248K 233K 232K
                13:30 CAD CPI M/M Nov 0.10% 0.10% 0.20%
                13:30 CAD CPI Y/Y Nov 2.20% 2.40% 2.20%
                13:30 CAD CPI Median Y/Y Nov 2.80% 2.90% 2.90%
                13:30 CAD CPI Trimmed Y/Y Nov 2.80% 2.90% 3.00%
                13:30 CAD CPI Common Y/Y Nov 2.80% 2.80% 2.70%
                13:30 CAD Manufacturingles M/M Oct -1.00% -1.10% 3.30%
                13:30 USD Empire State Manufacturing Dec -3.9 10.6 18.7
                15:00 USD NAHB Housing Market Index Dec 39 38 38
                GMT Ccy Events
                21:30 NZD Business NZ PSI Nov
                    Actual: 46.9 Forecast:
                    Previous: 48.7 Revised: 48.4
                23:50 JPY Tankan Large Manufacturing Index Q4
                    Actual: 15 Forecast: 15
                    Previous: 14 Revised:
                23:50 JPY Tankan Non - Manufacturing Index Q4
                    Actual: 34 Forecast: 35
                    Previous: 34 Revised:
                23:50 JPY Tankan Large Manufacturing Outlook Q4
                    Actual: 15 Forecast: 13
                    Previous: 12 Revised:
                23:50 JPY Tankan Non - Manufacturing Outlook Q4
                    Actual: 28 Forecast: 28
                    Previous: 28 Revised:
                23:50 JPY Tankan Large All Industry Capex Q4
                    Actual: 12.60% Forecast: 12.00%
                    Previous: 12.50% Revised:
                02:00 CNY Industrial Production Y/Y Nov
                    Actual: 4.80% Forecast: 5.00%
                    Previous: 4.90% Revised:
                02:00 CNY Retail Sales Y/Y Nov
                    Actual: 1.30% Forecast: 2.90%
                    Previous: 2.90% Revised:
                02:00 CNY Fixed Asset Investment YTD Y/Y Nov
                    Actual: -2.60% Forecast: -2.30%
                    Previous: -1.70% Revised:
                04:30 JPY Tertiary Industry Index M/M Oct
                    Actual: 0.90% Forecast: 0.20%
                    Previous: 0.30% Revised: 0.10%
                07:30 CHF Producer and Import Prices M/M Nov
                    Actual: -0.50% Forecast: 0.10%
                    Previous: -0.30% Revised:
                07:30 CHF Producer and Import Prices Y/Y Nov
                    Actual: -1.60% Forecast:
                    Previous: -1.70% Revised:
                08:00 CHF SECO Economic Forecasts
                    Actual: Forecast:
                    Previous: Revised:
                10:00 EUR Eurozone Industrial Production M/M Oct
                    Actual: 0.80% Forecast: 0.70%
                    Previous: 0.20% Revised:
                13:15 CAD Housing Starts Y/Y Nov
                    Actual: 254K Forecast: 248K
                    Previous: 233K Revised: 232K
                13:30 CAD CPI M/M Nov
                    Actual: 0.10% Forecast: 0.10%
                    Previous: 0.20% Revised:
                13:30 CAD CPI Y/Y Nov
                    Actual: 2.20% Forecast: 2.40%
                    Previous: 2.20% Revised:
                13:30 CAD CPI Median Y/Y Nov
                    Actual: 2.80% Forecast: 2.90%
                    Previous: 2.90% Revised:
                13:30 CAD CPI Trimmed Y/Y Nov
                    Actual: 2.80% Forecast: 2.90%
                    Previous: 3.00% Revised:
                13:30 CAD CPI Common Y/Y Nov
                    Actual: 2.80% Forecast: 2.80%
                    Previous: 2.70% Revised:
                13:30 CAD Manufacturingles M/M Oct
                    Actual: -1.00% Forecast: -1.10%
                    Previous: 3.30% Revised:
                13:30 USD Empire State Manufacturing Dec
                    Actual: -3.9 Forecast: 10.6
                    Previous: 18.7 Revised:
                15:00 USD NAHB Housing Market Index Dec
                    Actual: 39 Forecast: 38
                    Previous: 38 Revised:

                Summary 12/15 – 12/19

                  Monday, Dec 15, 2025

                  GMT Ccy Events Consensus Previous
                  21:30 NZD Business NZ PSI Nov 48.7
                  23:50 JPY Tankan Large Manufacturing Index Q4 15 14
                  23:50 JPY Tankan Non - Manufacturing Index Q4 35 34
                  23:50 JPY Tankan Large Manufacturing Outlook Q4 13 12
                  23:50 JPY Tankan Non - Manufacturing Outlook Q4 28 28
                  23:50 JPY Tankan Large All Industry Capex Q4 12.00% 12.50%
                  02:00 CNY Industrial Production Y/Y Nov 5.00% 4.90%
                  02:00 CNY Retail Sales Y/Y Nov 2.90% 2.90%
                  02:00 CNY Fixed Asset Investment YTD Y/Y Nov -2.30% -1.70%
                  04:30 JPY Tertiary Industry Index M/M Oct 0.20% 0.30%
                  07:30 CHF Producer and Import Prices M/M Nov 0.10% -0.30%
                  07:30 CHF Producer and Import Prices Y/Y Nov -1.70%
                  08:00 CHF SECO Economic Forecasts
                  10:00 EUR Eurozone Industrial Production M/M Oct 0.10% 0.20%
                  13:15 CAD Housing Starts Y/Y Nov 248K 233K
                  13:30 CAD CPI M/M Nov 0.10% 0.20%
                  13:30 CAD CPI Y/Y Nov 2.20%
                  13:30 CAD CPI Median Y/Y Nov 2.90% 2.90%
                  13:30 CAD CPI Trimmed Y/Y Nov 2.90% 3.00%
                  13:30 CAD CPI Common Y/Y Nov 2.80% 2.70%
                  13:30 CAD Manufacturingles M/M Oct -1.10% 3.30%
                  13:30 USD Empire State Manufacturing Dec 10.6 18.7
                  15:00 USD NAHB Housing Market Index Dec 38 38
                  22:00 AUD Manufacturing PMI Dec P 51.6
                  22:00 AUD Services PMI Dec P 52.8
                  23:30 AUD Westpac Consumer Confidence Dec 12.80%
                  GMT Ccy Events
                  21:30 NZD Business NZ PSI Nov
                      Forecast: Previous: 48.7
                  23:50 JPY Tankan Large Manufacturing Index Q4
                      Forecast: 15 Previous: 14
                  23:50 JPY Tankan Non - Manufacturing Index Q4
                      Forecast: 35 Previous: 34
                  23:50 JPY Tankan Large Manufacturing Outlook Q4
                      Forecast: 13 Previous: 12
                  23:50 JPY Tankan Non - Manufacturing Outlook Q4
                      Forecast: 28 Previous: 28
                  23:50 JPY Tankan Large All Industry Capex Q4
                      Forecast: 12.00% Previous: 12.50%
                  02:00 CNY Industrial Production Y/Y Nov
                      Forecast: 5.00% Previous: 4.90%
                  02:00 CNY Retail Sales Y/Y Nov
                      Forecast: 2.90% Previous: 2.90%
                  02:00 CNY Fixed Asset Investment YTD Y/Y Nov
                      Forecast: -2.30% Previous: -1.70%
                  04:30 JPY Tertiary Industry Index M/M Oct
                      Forecast: 0.20% Previous: 0.30%
                  07:30 CHF Producer and Import Prices M/M Nov
                      Forecast: 0.10% Previous: -0.30%
                  07:30 CHF Producer and Import Prices Y/Y Nov
                      Forecast: Previous: -1.70%
                  08:00 CHF SECO Economic Forecasts
                      Forecast: Previous:
                  10:00 EUR Eurozone Industrial Production M/M Oct
                      Forecast: 0.10% Previous: 0.20%
                  13:15 CAD Housing Starts Y/Y Nov
                      Forecast: 248K Previous: 233K
                  13:30 CAD CPI M/M Nov
                      Forecast: 0.10% Previous: 0.20%
                  13:30 CAD CPI Y/Y Nov
                      Forecast: Previous: 2.20%
                  13:30 CAD CPI Median Y/Y Nov
                      Forecast: 2.90% Previous: 2.90%
                  13:30 CAD CPI Trimmed Y/Y Nov
                      Forecast: 2.90% Previous: 3.00%
                  13:30 CAD CPI Common Y/Y Nov
                      Forecast: 2.80% Previous: 2.70%
                  13:30 CAD Manufacturingles M/M Oct
                      Forecast: -1.10% Previous: 3.30%
                  13:30 USD Empire State Manufacturing Dec
                      Forecast: 10.6 Previous: 18.7
                  15:00 USD NAHB Housing Market Index Dec
                      Forecast: 38 Previous: 38
                  22:00 AUD Manufacturing PMI Dec P
                      Forecast: Previous: 51.6
                  22:00 AUD Services PMI Dec P
                      Forecast: Previous: 52.8
                  23:30 AUD Westpac Consumer Confidence Dec
                      Forecast: Previous: 12.80%

                  Tuesday, Dec 16, 2025

                  GMT Ccy Events Consensus Previous
                  00:30 JPY Manufacturing PMI Dec P 48.8 48.7
                  00:30 JPY Services PMI Dec P 53.2
                  07:00 GBP Claimant Count Change Nov 22.3K 29.0K
                  07:00 GBP ILO Unemployment Rate (3M) Oct 5.10% 5%
                  07:00 GBP Average Earnings Including Bonus 3M/Y Oct 4.40% 4.80%
                  07:00 GBP Average Earnings Excluding Bonus 3M/Y Oct 4.60%
                  08:15 EUR France Manufacturing PMI Dec P 48.2 47.8
                  08:15 EUR France Services PMI Dec P 51.3 51.4
                  08:30 EUR Germany Manufacturing PMI Dec P 48.5 48.2
                  08:30 EUR Germany Services PMI Dec P 53 53.1
                  09:00 EUR Eurozone Manufacturing PMI Dec P 49.9 49.6
                  09:00 EUR Eurozone Services PMI Dec P 53.9 53.6
                  09:30 GBP Manufacturing PMI Dec P 50.3 50.2
                  09:30 GBP Services PMI Dec P 51.6 51.3
                  10:00 EUR Eurozone Trade Balance (EUR Oct 18.7B
                  10:00 EUR Germany ZEW Economic Sentiment Dec 40 38.5
                  10:00 EUR Germany ZEW Current Situation Dec -76.2 -78.7
                  10:00 EUR Eurozone ZEW Economic Sentiment Dec 26.3 25
                  13:30 USD Retail Sales M/M Oct 0.20% 0.20%
                  13:30 USD Retail Sales ex Autos M/M Oct 0.30% 0.30%
                  13:30 USD Nonfarm Payrolls Oct 50K 119K
                  13:30 USD Nonfarm Payrolls Nov 35K
                  13:30 USD Unemployment Rate Nov 4.40% 4.40%
                  13:30 USD Average Hourly Earnings M/M Oct 0.20%
                  14:45 USD Manufacturing PMI Dec P 52.2
                  14:45 USD Services PMI Dec P 54.1
                  15:00 USD Business Inventories Sep 0.20% 0.00%
                  21:45 NZD Current Account (NZD) Q3 -7.65B -0.97B
                  23:50 JPY Trade Balance (JPY) Nov -0.21T 0.00T
                  GMT Ccy Events
                  00:30 JPY Manufacturing PMI Dec P
                      Forecast: 48.8 Previous: 48.7
                  00:30 JPY Services PMI Dec P
                      Forecast: Previous: 53.2
                  07:00 GBP Claimant Count Change Nov
                      Forecast: 22.3K Previous: 29.0K
                  07:00 GBP ILO Unemployment Rate (3M) Oct
                      Forecast: 5.10% Previous: 5%
                  07:00 GBP Average Earnings Including Bonus 3M/Y Oct
                      Forecast: 4.40% Previous: 4.80%
                  07:00 GBP Average Earnings Excluding Bonus 3M/Y Oct
                      Forecast: Previous: 4.60%
                  08:15 EUR France Manufacturing PMI Dec P
                      Forecast: 48.2 Previous: 47.8
                  08:15 EUR France Services PMI Dec P
                      Forecast: 51.3 Previous: 51.4
                  08:30 EUR Germany Manufacturing PMI Dec P
                      Forecast: 48.5 Previous: 48.2
                  08:30 EUR Germany Services PMI Dec P
                      Forecast: 53 Previous: 53.1
                  09:00 EUR Eurozone Manufacturing PMI Dec P
                      Forecast: 49.9 Previous: 49.6
                  09:00 EUR Eurozone Services PMI Dec P
                      Forecast: 53.9 Previous: 53.6
                  09:30 GBP Manufacturing PMI Dec P
                      Forecast: 50.3 Previous: 50.2
                  09:30 GBP Services PMI Dec P
                      Forecast: 51.6 Previous: 51.3
                  10:00 EUR Eurozone Trade Balance (EUR Oct
                      Forecast: Previous: 18.7B
                  10:00 EUR Germany ZEW Economic Sentiment Dec
                      Forecast: 40 Previous: 38.5
                  10:00 EUR Germany ZEW Current Situation Dec
                      Forecast: -76.2 Previous: -78.7
                  10:00 EUR Eurozone ZEW Economic Sentiment Dec
                      Forecast: 26.3 Previous: 25
                  13:30 USD Retail Sales M/M Oct
                      Forecast: 0.20% Previous: 0.20%
                  13:30 USD Retail Sales ex Autos M/M Oct
                      Forecast: 0.30% Previous: 0.30%
                  13:30 USD Nonfarm Payrolls Oct
                      Forecast: 50K Previous: 119K
                  13:30 USD Nonfarm Payrolls Nov
                      Forecast: 35K Previous:
                  13:30 USD Unemployment Rate Nov
                      Forecast: 4.40% Previous: 4.40%
                  13:30 USD Average Hourly Earnings M/M Oct
                      Forecast: Previous: 0.20%
                  14:45 USD Manufacturing PMI Dec P
                      Forecast: Previous: 52.2
                  14:45 USD Services PMI Dec P
                      Forecast: Previous: 54.1
                  15:00 USD Business Inventories Sep
                      Forecast: 0.20% Previous: 0.00%
                  21:45 NZD Current Account (NZD) Q3
                      Forecast: -7.65B Previous: -0.97B
                  23:50 JPY Trade Balance (JPY) Nov
                      Forecast: -0.21T Previous: 0.00T

                  Wednesday, Dec 17, 2025

                  GMT Ccy Events Consensus Previous
                  00:00 AUD Westpac Leading Index M/M Nov 0.11%
                  07:00 GBP CPI M/M Nov 0.40%
                  07:00 GBP CPI Y/Y Nov 3.50% 3.60%
                  07:00 GBP Core CPI Y/Y Nov 3.40% 3.40%
                  07:00 GBP RPI M/M Nov 0.30%
                  07:00 GBP RPI Y/Y Nov 4.30% 4.30%
                  07:00 GBP PPI Input M/M Nov -0.30%
                  07:00 GBP PPI Input Y/Y Nov 0.50%
                  07:00 GBP PPI Output Y/Y Nov 3.60%
                  07:00 GBP PPI Output M/M Nov 0%
                  07:00 GBP PPI Core Output M/M Nov 0.10%
                  07:00 GBP PPI Core Output Y/Y Nov 3.60%
                  09:00 EUR Germany IFO Business Climate Dec 88.5 88.1
                  09:00 EUR Germany IFO Current Assessment Dec 86 85.6
                  09:00 EUR Germany IFO Expectations Dec 91 90.6
                  10:00 EUR Eurozone CPI Y/Y Nov F 2.20% 2.20%
                  10:00 EUR Eurozone Core CPI Y/Y Nov F 2.40% 2.40%
                  15:30 USD Crude Oil Inventories (Dec 12) -1.8M
                  21:45 NZD GDP Q/Q Q3 0.80% -0.90%
                  GMT Ccy Events
                  00:00 AUD Westpac Leading Index M/M Nov
                      Forecast: Previous: 0.11%
                  07:00 GBP CPI M/M Nov
                      Forecast: Previous: 0.40%
                  07:00 GBP CPI Y/Y Nov
                      Forecast: 3.50% Previous: 3.60%
                  07:00 GBP Core CPI Y/Y Nov
                      Forecast: 3.40% Previous: 3.40%
                  07:00 GBP RPI M/M Nov
                      Forecast: Previous: 0.30%
                  07:00 GBP RPI Y/Y Nov
                      Forecast: 4.30% Previous: 4.30%
                  07:00 GBP PPI Input M/M Nov
                      Forecast: Previous: -0.30%
                  07:00 GBP PPI Input Y/Y Nov
                      Forecast: Previous: 0.50%
                  07:00 GBP PPI Output Y/Y Nov
                      Forecast: Previous: 3.60%
                  07:00 GBP PPI Output M/M Nov
                      Forecast: Previous: 0%
                  07:00 GBP PPI Core Output M/M Nov
                      Forecast: Previous: 0.10%
                  07:00 GBP PPI Core Output Y/Y Nov
                      Forecast: Previous: 3.60%
                  09:00 EUR Germany IFO Business Climate Dec
                      Forecast: 88.5 Previous: 88.1
                  09:00 EUR Germany IFO Current Assessment Dec
                      Forecast: 86 Previous: 85.6
                  09:00 EUR Germany IFO Expectations Dec
                      Forecast: 91 Previous: 90.6
                  10:00 EUR Eurozone CPI Y/Y Nov F
                      Forecast: 2.20% Previous: 2.20%
                  10:00 EUR Eurozone Core CPI Y/Y Nov F
                      Forecast: 2.40% Previous: 2.40%
                  15:30 USD Crude Oil Inventories (Dec 12)
                      Forecast: Previous: -1.8M
                  21:45 NZD GDP Q/Q Q3
                      Forecast: 0.80% Previous: -0.90%

                  Thursday, Dec 18, 2025

                  GMT Ccy Events Consensus Previous
                  00:00 AUD Consumer Inflation Expectations Dec 4.50%
                  07:00 CHF Trade Balance (CHF) Nov 5.32B 4.32B
                  12:00 GBP BoE Interest Rate Decision 3.75% 4.00%
                  13:15 EUR ECB Deposit Rate 2.00% 2.00%
                  13:15 EUR ECB Main Refinancing Rate 2.15% 2.15%
                  13:15 EUR ECB Monetary Policy Statement
                  13:30 USD Initial Jobless Claims (Dec 12) 231K 236K
                  13:30 USD CPI M/M Nov 0.30%
                  13:30 USD CPI Y/Y Nov 3%
                  13:30 USD CPI Core M/M Nov 0.20%
                  13:30 USD CPI Core Y/Y Nov 3%
                  13:30 USD Philadelphia Fed Manufacturing Survey Dec 2.2 -1.7
                  13:45 EUR ECB Press Conference
                  15:30 USD Natural Gas Storage (Dec 12) -177B
                  21:45 NZD Trade Balance (NZD) Nov -1542M
                  23:30 JPY National CPI Y/Y Nov 3%
                  23:30 JPY National CPI Core Y/Y Nov 3% 3%
                  23:30 JPY National CPI Core-Core Y/Y Nov 3.10%
                  GMT Ccy Events
                  00:00 AUD Consumer Inflation Expectations Dec
                      Forecast: Previous: 4.50%
                  07:00 CHF Trade Balance (CHF) Nov
                      Forecast: 5.32B Previous: 4.32B
                  12:00 GBP BoE Interest Rate Decision
                      Forecast: 3.75% Previous: 4.00%
                  13:15 EUR ECB Deposit Rate
                      Forecast: 2.00% Previous: 2.00%
                  13:15 EUR ECB Main Refinancing Rate
                      Forecast: 2.15% Previous: 2.15%
                  13:15 EUR ECB Monetary Policy Statement
                      Forecast: Previous:
                  13:30 USD Initial Jobless Claims (Dec 12)
                      Forecast: 231K Previous: 236K
                  13:30 USD CPI M/M Nov
                      Forecast: Previous: 0.30%
                  13:30 USD CPI Y/Y Nov
                      Forecast: Previous: 3%
                  13:30 USD CPI Core M/M Nov
                      Forecast: Previous: 0.20%
                  13:30 USD CPI Core Y/Y Nov
                      Forecast: Previous: 3%
                  13:30 USD Philadelphia Fed Manufacturing Survey Dec
                      Forecast: 2.2 Previous: -1.7
                  13:45 EUR ECB Press Conference
                      Forecast: Previous:
                  15:30 USD Natural Gas Storage (Dec 12)
                      Forecast: Previous: -177B
                  21:45 NZD Trade Balance (NZD) Nov
                      Forecast: Previous: -1542M
                  23:30 JPY National CPI Y/Y Nov
                      Forecast: Previous: 3%
                  23:30 JPY National CPI Core Y/Y Nov
                      Forecast: 3% Previous: 3%
                  23:30 JPY National CPI Core-Core Y/Y Nov
                      Forecast: Previous: 3.10%

                  Friday, Dec 19, 2025

                  GMT Ccy Events Consensus Previous
                  JPY BoJ Interest Rate Decision 0.50%
                  00:00 NZD ANZ Business Confidence Dec 67.1
                  00:00 NZD ANZ Activity Outlook Dec 53.1
                  00:01 GBP GfK Consumer Confidence Dec -18 -19
                  00:30 AUD Private Sector Credit M/M Nov 0.70%
                  06:30 JPY BoJ Press Conference
                  07:00 GBP Retail Sales M/M Nov 0.40% -1.10%
                  07:00 EUR Germany GfK Consumer Confidence Jan -23 -23.2
                  07:00 EUR Germany PPI M/M Nov 0.10% 0.10%
                  07:00 EUR Germany PPI Y/Y Nov -1.80%
                  07:00 GBP Public Sector Net Borrowing (GBP) Nov 10.2B 17.4B
                  09:00 EUR Eurozone Current Account (EUR) Oct 23.1B
                  13:30 CAD New Housing Price Index M/M Nov 0.00% -0.40%
                  13:30 CAD Retail Sales M/M Oct 0.00% -0.70%
                  13:30 CAD Retail Sales ex Autos M/M Oct 0.00% 0.20%
                  15:00 USD Existing Home Sales M/M Nov 4.15M 4.10M
                  15:00 USD UoM Consumer Sentiment Dec F 53.3 53.3
                  15:00 USD UoM 1-Yr Inflation Expectations Dec F 4.10%
                  15:00 EUR Eurozone Consumer Confidence Dec P -14 -14
                  GMT Ccy Events
                  JPY BoJ Interest Rate Decision
                      Forecast: Previous: 0.50%
                  00:00 NZD ANZ Business Confidence Dec
                      Forecast: Previous: 67.1
                  00:00 NZD ANZ Activity Outlook Dec
                      Forecast: Previous: 53.1
                  00:01 GBP GfK Consumer Confidence Dec
                      Forecast: -18 Previous: -19
                  00:30 AUD Private Sector Credit M/M Nov
                      Forecast: Previous: 0.70%
                  06:30 JPY BoJ Press Conference
                      Forecast: Previous:
                  07:00 GBP Retail Sales M/M Nov
                      Forecast: 0.40% Previous: -1.10%
                  07:00 EUR Germany GfK Consumer Confidence Jan
                      Forecast: -23 Previous: -23.2
                  07:00 EUR Germany PPI M/M Nov
                      Forecast: 0.10% Previous: 0.10%
                  07:00 EUR Germany PPI Y/Y Nov
                      Forecast: Previous: -1.80%
                  07:00 GBP Public Sector Net Borrowing (GBP) Nov
                      Forecast: 10.2B Previous: 17.4B
                  09:00 EUR Eurozone Current Account (EUR) Oct
                      Forecast: Previous: 23.1B
                  13:30 CAD New Housing Price Index M/M Nov
                      Forecast: 0.00% Previous: -0.40%
                  13:30 CAD Retail Sales M/M Oct
                      Forecast: 0.00% Previous: -0.70%
                  13:30 CAD Retail Sales ex Autos M/M Oct
                      Forecast: 0.00% Previous: 0.20%
                  15:00 USD Existing Home Sales M/M Nov
                      Forecast: 4.15M Previous: 4.10M
                  15:00 USD UoM Consumer Sentiment Dec F
                      Forecast: 53.3 Previous: 53.3
                  15:00 USD UoM 1-Yr Inflation Expectations Dec F
                      Forecast: Previous: 4.10%
                  15:00 EUR Eurozone Consumer Confidence Dec P
                      Forecast: -14 Previous: -14

                  Eco Data 12/12/25

                    GMT Ccy Events Actual Consensus Previous Revised
                    21:30 NZD Business NZ PMI Nov 51.4 51.4 51.2
                    04:30 JPY Industrial Production M/M Oct F 1.50% 1.40% 1.40%
                    07:00 EUR Germany CPI M/M Nov F -0.20% -0.20% -0.20%
                    07:00 EUR Germany CPI Y/Y Nov F 2.30% 2.30% 2.30%
                    07:00 GBP GDP M/M Oct -0.10% 0.10% -0.10%
                    07:00 GBP Industrial Production M/M Oct 1.10% 1.10% -2.00%
                    07:00 GBP Industrial Production Y/Y Oct -0.80% -1.20% -2.50%
                    07:00 GBP Manufacturing Production M/M Oct 0.50% 1.20% -1.70%
                    07:00 GBP Manufacturing Production Y/Y Oct -0.80% -0.10% -2.20%
                    07:00 GBP Goods Trade Balance (GBP) Oct -22.5B -19.1B -18.9B
                    13:30 CAD Building Permits M/M Oct 14.90% -1.20% 4.50% 5.90%
                    13:30 CAD Capacity Utilization Q3 78.50% 79.30% 79.30% 77.60%
                    13:30 CAD Wholeleles M/M Oct 0.10% -0.10% 0.60%
                    GMT Ccy Events
                    21:30 NZD Business NZ PMI Nov
                        Actual: 51.4 Forecast:
                        Previous: 51.4 Revised: 51.2
                    04:30 JPY Industrial Production M/M Oct F
                        Actual: 1.50% Forecast: 1.40%
                        Previous: 1.40% Revised:
                    07:00 EUR Germany CPI M/M Nov F
                        Actual: -0.20% Forecast: -0.20%
                        Previous: -0.20% Revised:
                    07:00 EUR Germany CPI Y/Y Nov F
                        Actual: 2.30% Forecast: 2.30%
                        Previous: 2.30% Revised:
                    07:00 GBP GDP M/M Oct
                        Actual: -0.10% Forecast: 0.10%
                        Previous: -0.10% Revised:
                    07:00 GBP Industrial Production M/M Oct
                        Actual: 1.10% Forecast: 1.10%
                        Previous: -2.00% Revised:
                    07:00 GBP Industrial Production Y/Y Oct
                        Actual: -0.80% Forecast: -1.20%
                        Previous: -2.50% Revised:
                    07:00 GBP Manufacturing Production M/M Oct
                        Actual: 0.50% Forecast: 1.20%
                        Previous: -1.70% Revised:
                    07:00 GBP Manufacturing Production Y/Y Oct
                        Actual: -0.80% Forecast: -0.10%
                        Previous: -2.20% Revised:
                    07:00 GBP Goods Trade Balance (GBP) Oct
                        Actual: -22.5B Forecast: -19.1B
                        Previous: -18.9B Revised:
                    13:30 CAD Building Permits M/M Oct
                        Actual: 14.90% Forecast: -1.20%
                        Previous: 4.50% Revised: 5.90%
                    13:30 CAD Capacity Utilization Q3
                        Actual: 78.50% Forecast: 79.30%
                        Previous: 79.30% Revised: 77.60%
                    13:30 CAD Wholeleles M/M Oct
                        Actual: 0.10% Forecast: -0.10%
                        Previous: 0.60% Revised:

                    Eco Data 12/11/25

                      GMT Ccy Events Actual Consensus Previous Revised
                      21:45 NZD Manufacturingles Q3 2.70% -2.90% -2.80%
                      23:50 JPY BSI Large Manufacturing Index Q4 4.7 4.2 3.8
                      00:01 GBP RICS Housing Price Balance Nov -16% -21% -19%
                      00:30 AUD Employment Change Nov -21.3K 20.0K 42.2K 41.1K
                      00:30 AUD Unemployment Rate Nov 4.30% 4.40% 4.30%
                      08:30 CHF SNB Interest Rate Decision 0.00% 0.00% 0.00%
                      09:00 CHF SNB Press Conference
                      13:30 CAD Trade Balance (CAD) Oct 0.15B -4.9B -6.3B -6.4B
                      13:30 USD Initial Jobless Claims (Dec 5) 236K 205K 191K 192K
                      13:30 USD Trade Balance (USD) Sep -52.8B -65.5B -59.6B
                      15:00 USD Wholele Inventories Sep F 0.50% 0.10% 0.00%
                      15:30 USD Natural Gas Storage (Dec 5) -177B -170B -12B
                      GMT Ccy Events
                      21:45 NZD Manufacturingles Q3
                          Actual: 2.70% Forecast:
                          Previous: -2.90% Revised: -2.80%
                      23:50 JPY BSI Large Manufacturing Index Q4
                          Actual: 4.7 Forecast: 4.2
                          Previous: 3.8 Revised:
                      00:01 GBP RICS Housing Price Balance Nov
                          Actual: -16% Forecast: -21%
                          Previous: -19% Revised:
                      00:30 AUD Employment Change Nov
                          Actual: -21.3K Forecast: 20.0K
                          Previous: 42.2K Revised: 41.1K
                      00:30 AUD Unemployment Rate Nov
                          Actual: 4.30% Forecast: 4.40%
                          Previous: 4.30% Revised:
                      08:30 CHF SNB Interest Rate Decision
                          Actual: 0.00% Forecast: 0.00%
                          Previous: 0.00% Revised:
                      09:00 CHF SNB Press Conference
                          Actual: Forecast:
                          Previous: Revised:
                      13:30 CAD Trade Balance (CAD) Oct
                          Actual: 0.15B Forecast: -4.9B
                          Previous: -6.3B Revised: -6.4B
                      13:30 USD Initial Jobless Claims (Dec 5)
                          Actual: 236K Forecast: 205K
                          Previous: 191K Revised: 192K
                      13:30 USD Trade Balance (USD) Sep
                          Actual: -52.8B Forecast: -65.5B
                          Previous: -59.6B Revised:
                      15:00 USD Wholele Inventories Sep F
                          Actual: 0.50% Forecast: 0.10%
                          Previous: 0.00% Revised:
                      15:30 USD Natural Gas Storage (Dec 5)
                          Actual: -177B Forecast: -170B
                          Previous: -12B Revised:

                      Eco Data 12/10/25

                        GMT Ccy Events Actual Consensus Previous Revised
                        23:50 JPY PPI Y/Y Nov 2.70% 2.70% 2.70%
                        01:30 CNY CPI Y/Y Nov 0.70% 0.70% 0.20%
                        01:30 CNY PPI Y/Y Nov -2.20% -2.10% -2.10%
                        13:30 USD Employment Cost Index Q3 0.80% 0.90% 0.90%
                        14:45 CAD BoC Interest Rate Decision 2.25% 2.25% 2.25%
                        15:30 CAD BoC Press Conference
                        15:30 USD Crude Oil Inventories (Dec 5) -1.8M -1.2M 0.6M
                        19:00 USD Fed Interest Rate Decision 3.75% 3.75% 4.00%
                        19:30 USD FOMC Press Conference
                        GMT Ccy Events
                        23:50 JPY PPI Y/Y Nov
                            Actual: 2.70% Forecast: 2.70%
                            Previous: 2.70% Revised:
                        01:30 CNY CPI Y/Y Nov
                            Actual: 0.70% Forecast: 0.70%
                            Previous: 0.20% Revised:
                        01:30 CNY PPI Y/Y Nov
                            Actual: -2.20% Forecast: -2.10%
                            Previous: -2.10% Revised:
                        13:30 USD Employment Cost Index Q3
                            Actual: 0.80% Forecast: 0.90%
                            Previous: 0.90% Revised:
                        14:45 CAD BoC Interest Rate Decision
                            Actual: 2.25% Forecast: 2.25%
                            Previous: 2.25% Revised:
                        15:30 CAD BoC Press Conference
                            Actual: Forecast:
                            Previous: Revised:
                        15:30 USD Crude Oil Inventories (Dec 5)
                            Actual: -1.8M Forecast: -1.2M
                            Previous: 0.6M Revised:
                        19:00 USD Fed Interest Rate Decision
                            Actual: 3.75% Forecast: 3.75%
                            Previous: 4.00% Revised:
                        19:30 USD FOMC Press Conference
                            Actual: Forecast:
                            Previous: Revised:

                        Eco Data 12/9/25

                          GMT Ccy Events Actual Consensus Previous Revised
                          23:50 JPY Money Supply M2+CD Y/Y Nov 1.80% 1.40% 1.60%
                          00:01 GBP BRC Retail Sales Monitor Y/Y Nov 1.20% 2.40% 1.50%
                          00:30 AUD NAB Business Confidence Nov 1 6
                          00:30 AUD NAB Business Conditions Nov 7 9
                          03:30 AUD RBA Interest Rate Decision 3.60% 3.60% 3.60%
                          04:30 AUD RBA Press Conference
                          06:00 JPY Machine Tool Orders Y/Y Nov P 14.20% 16.80% 17.10%
                          07:00 EUR Germany Trade Balance (EUR) Oct 16.9B 15.8B 15.3B
                          11:00 USD NFIB Business Optimism Index Nov 99 98.4 98.2
                          GMT Ccy Events
                          23:50 JPY Money Supply M2+CD Y/Y Nov
                              Actual: 1.80% Forecast: 1.40%
                              Previous: 1.60% Revised:
                          00:01 GBP BRC Retail Sales Monitor Y/Y Nov
                              Actual: 1.20% Forecast: 2.40%
                              Previous: 1.50% Revised:
                          00:30 AUD NAB Business Confidence Nov
                              Actual: 1 Forecast:
                              Previous: 6 Revised:
                          00:30 AUD NAB Business Conditions Nov
                              Actual: 7 Forecast:
                              Previous: 9 Revised:
                          03:30 AUD RBA Interest Rate Decision
                              Actual: 3.60% Forecast: 3.60%
                              Previous: 3.60% Revised:
                          04:30 AUD RBA Press Conference
                              Actual: Forecast:
                              Previous: Revised:
                          06:00 JPY Machine Tool Orders Y/Y Nov P
                              Actual: 14.20% Forecast:
                              Previous: 16.80% Revised: 17.10%
                          07:00 EUR Germany Trade Balance (EUR) Oct
                              Actual: 16.9B Forecast: 15.8B
                              Previous: 15.3B Revised:
                          11:00 USD NFIB Business Optimism Index Nov
                              Actual: 99 Forecast: 98.4
                              Previous: 98.2 Revised:

                          Eco Data 12/8/25

                            GMT Ccy Events Actual Consensus Previous Revised
                            23:30 JPY Labor Cash Earnings Y/Y Oct 2.60% 2.20% 1.90% 2.10%
                            23:50 JPY GDP Q/Q Q3 F -0.60% -0.50% -0.40%
                            23:50 JPY GDP Deflator Y/Y Q3 3.40% 2.80% 2.80%
                            23:50 JPY Current Account (JPY) Oct 2.48T 3.00T 4.35T
                            03:00 CNY Trade Balance (USD) Nov 111.7B 105.0B 90.1B
                            05:00 JPY Eco Watchers Survey: Current Nov 48.7 49.5 49.1
                            07:00 EUR Germany Industrial Production M/M Oct 1.80% 0.50% 1.30%
                            09:30 EUR Eurozone Sentix Investor Confidence Dec -6.2 -6.3 -7.4
                            GMT Ccy Events
                            23:30 JPY Labor Cash Earnings Y/Y Oct
                                Actual: 2.60% Forecast: 2.20%
                                Previous: 1.90% Revised: 2.10%
                            23:50 JPY GDP Q/Q Q3 F
                                Actual: -0.60% Forecast: -0.50%
                                Previous: -0.40% Revised:
                            23:50 JPY GDP Deflator Y/Y Q3
                                Actual: 3.40% Forecast: 2.80%
                                Previous: 2.80% Revised:
                            23:50 JPY Current Account (JPY) Oct
                                Actual: 2.48T Forecast: 3.00T
                                Previous: 4.35T Revised:
                            03:00 CNY Trade Balance (USD) Nov
                                Actual: 111.7B Forecast: 105.0B
                                Previous: 90.1B Revised:
                            05:00 JPY Eco Watchers Survey: Current Nov
                                Actual: 48.7 Forecast: 49.5
                                Previous: 49.1 Revised:
                            07:00 EUR Germany Industrial Production M/M Oct
                                Actual: 1.80% Forecast: 0.50%
                                Previous: 1.30% Revised:
                            09:30 EUR Eurozone Sentix Investor Confidence Dec
                                Actual: -6.2 Forecast: -6.3
                                Previous: -7.4 Revised:

                            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%