Economic calendar: Germany's ZEW reading and US NFIB index in focus

Although the U.S. government shutdown is on track to be resolved, it will take longer before we see the release of key American economic data. Today’s main macroeconomic readings will come from secondary sentiment indicators — Germany’s ZEW Economic Sentiment Index, and the NFIB Small Business Optimism Report from the United States, reflecting the mood among small enterprises that employ roughly half of America’s workforce.

Today’s corporate earnings will come mostly from second-tier companies, with the largest being Sea Ltd, a Singapore-based financial and e-commerce conglomerate — and the biggest company by market capitalization in Southeast Asia. Attention will also turn to AngloGold Ashanti, a precious metals miner, and Oklo, a nuclear technology firm whose shares have soared about 400% year-to-date, though they’ve since fallen roughly 40% from their highs.

Economic Calendar

10 AM GMT – Germany: ZEW Economic Sentiment Index, expected 41 vs 39.3 in October
11 PM GMT – U.S.: NFIB Small Business Optimism Index (October), expected 93.3 vs 98.8 in September

Central Bank Speakers

8:30 AM GMT – ECB: Vujcic, Sleijpen
8:30 AM GMT – BoE: Greene
1:30 PM GMT – ECB: Kocher
4:45 PM GMT – ECB: Escriva

Corporate Earnings

Before U.S. market open: Sea Ltd, AngloGold Ashanti, Nebius Group, Fermi
After U.S. market close: Alcon, Korea Electric Power, Oklo Inc, Amdocs Limited

4 December 2025, 13:31

BREAKING: Jobless claims bellow expectations! 🚨EURUSD declines 📉

4 December 2025, 12:32

BREAKING: US layoffs in Challenger report lower than previously🔎

4 December 2025, 10:38

Mixed retail sales data from the eurozone➡️EURUSD reaction muted

4 December 2025, 08:12

Economic calendar: US jobless claims and Eurozone retail sales in focus

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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Economic calendar: Germany's ZEW reading and US NFIB index in focus