Economic calendar: US data and inflation in Europe

Flash CPI in Germany is the highlight of the European session
ISM services, claims in the US are the figures of the day
Market focus on policy tightening after hawkish FOMC minutes yesterday

Today’s calendar is a bit of a breather between yesterday’s ADP and FOMC minutes and tomorrow’s NFP. However, traders will waste no time in debating the impact of suddenly oh-so hawkish Fed on the markets. Because the pace of expected tightening seems to be taking markets by surprise the focus can be on weekly claims – the data’s been the strongest in more than 50 years!

9:30 am (GMT) – UK – final December services PMI (consensus 53.2 points)

10:00 am – EMU – November PPI (consensus 23%)

12:30 am – US – December Challenger report (planned job cuts)

1:00 pm – Germany – December CPI (consensus 5.1% y/y)

1:30 pm – US – November trade balance (consensus -$69.9 bilion), initial claims (consensus 200k)

3:00 pm – US – December ISM services (consensus 66.9 points), November durable orders (consensus +2.5% m/m)

22 October 2025, 08:29

Economic calendar: All eyes on earnings; EIA report and ECB speeches (22.10.2025)

22 October 2025, 07:06

BREAKING: Pound extends losses on weaker-than-expected UK CPI 🇬🇧 📉

21 October 2025, 14:46

Is the United States copying China? The Government takes stakes in Intel, MP Materials, and more.

21 October 2025, 13:32

BREAKING: USDCAD dips after Canadian CPI release 📌

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Economic calendar: US data and inflation in Europe

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