Today's trading session will be largely dominated by the Federal Reserve's decision on interest rates, which is undoubtedly the most important event of the day. In Europe, investors will closely monitor inflation data from Norway and the Czech Republic, as well as industrial production figures from Sweden, Slovakia, and Italy, which can provide insights into the state of the economy at the end of the year. In the afternoon, key attention will be on speeches by ECB President Christine Lagarde and BoE Governor Andrew Bailey, as their comments may shed light on the direction of monetary policy in 2026.
The highlight of the day remains the FOMC meeting on interest rates and the publication of macroeconomic projections. While the market expects rates to remain in the 3.50–3.75 percent range, investors will focus on the tone of the statement and any guidance from Jerome Powell during the evening press conference. Additionally, the Bank of Canada’s interest rate decision will add another focal point to the North American session, potentially increasing volatility in financial markets.
China
-
02:30 – CPI (y/y) – November: actual 0.7% (forecast 0.7%, previous 0.2%)
-
02:30 – PPI (y/y) – November: actual -2.2% (forecast -2.2%, previous -2.1%)
Norway
-
08:00 – CPI (y/y) – November: actual 3% (forecast 3%, previous 3.1%)
-
08:00 – Core CPI (y/y) – November: actual 3% (forecast 3%, previous 3.4%)
Sweden
-
08:00 – Industrial Production s.a. (y/y) – October: actual 5.9% (previous 14.6%)
Turkey
-
08:00 – Industrial Production (y/y) – October: actual 2.2% (previous 2.9%)
Romania
-
08:00 – Foreign Trade Balance (EUR) – October: actual -3 bn (previous -2.48 bn)
Czech Republic
-
09:00 – CPI financial (m/m) – November: previous 0.5%, forecast -0.3%
-
09:00 – CPI financial (y/y) – November: previous 2.5%, forecast 2.1%
Slovakia
-
09:00 – Industrial Production (y/y) – October: previous 0.7%, forecast -2%
Italy
-
10:00 – Industrial Production (m/m) – October: previous 2.8%, forecast -0.4%
United Kingdom
-
11:45 – Public speech by BoE Governor Andrew Bailey
Eurozone
-
11:55 – Public speech by ECB President Christine Lagarde
United States
-
13:00 – Mortgage Applications – week: previous -1.4%
-
14:30 – Employment Cost Index (q/q) – Q3: forecast 0.9%, previous 0.9%
Canada
-
15:45 – BoC Interest Rate Decision – December: forecast 2.25%, previous 2.25%
-
16:30 – Bank of Canada Press Conference – December
United States
-
16:30 – Weekly Petroleum Inventories:
-
Crude Oil Change – week: forecast -1.7 mln bbl, previous 0.57 mln bbl
-
Gasoline Change – week: forecast 2.3 mln bbl, previous 4.52 mln bbl
-
Distillates Change – week: forecast 1.5 mln bbl, previous 2.06 mln bbl
-
-
20:00 – FOMC Interest Rate Decision – December: forecast 3.50–3.75%, previous 3.75–4.00%
-
20:00 – FOMC Macroeconomic Projections
-
20:30 – FOMC Press Conference
BREAKING: Inflation in Norway in line with expectations!
BREAKING: US JOLTS much higher than expected
BREAKING: US NFIB Business Optimism Index much higher than expected🗽
Economic calendar: ADP and JOLTS data in focus
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
