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)

21 November 2025, 6:42 PM

Daily summary: massive selloff in crypto; Fed cut in December 💵

21 November 2025, 6:23 PM

Three market to watch next week (21.11.2025)

21 November 2025, 3:02 PM

BREAKING: UoM report suggests a decline in inflation expectations 📌

21 November 2025, 2:47 PM

BREAKING: US PMI beats expectations slightly; EURUSD with no reaction 📌

Economic reports

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Economic calendar: US data and inflation in Europe

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