Economic calendar: US retail sales and Wall Street earnings

European stock markets expected to open lower
US retail sales seen flat month-over-month
Citigroup, JPMorgan and Wells Fargo report earnings

European markets are expected to open lower on the final trading day of the week. When it comes to economic release, US retail sales data for December is the most important print of the day. It is expected to show headline sales remain flat in month-over-month terms following a decline in November. Apart from that, 3 major US financial institutions will release Q4 earnings reports ahead of the Wall Street open - JPMorgan, Citigroup and Wells Fargo.

7:45 am GMT - France, CPI inflation for December (final). First release: 0% YoY

8:00 am GMT - Spain, CPI inflation for December. Expected: -0.5% YoY. Previous: -0.8% YoY

9:00 am GMT - Poland, CPI inflation for December. Expected: 2.3% YoY. Previous: 3% YoY

1:30 pm GMT - US, NY Empire index for January. Expected: 6. Previous: 4.9

1:30 pm GMT - US, retail sales for December.

Headline. Expected: 0% MoM. Previous: -1.1% MoM
Ex-autos. Expected: -0.1% MoM. Previous: -0.9% MoM

2:15 pm GMT - US, industrial production for December. Expected: 0.4% MoM. Previous: 0.4% MoM

3:00 pm GMT - US, Michigan consumer sentiment for January. Expected: 80. Previous: 80.7

Noteworthy US earnings releases

Citigroup (C.US) - before market open
JPMorgan (JPM.US) - before market open
Wells Fargo (WFC.US) - before market open

Central bankers' speeches

9:10 am GMT - ECB Enria

5 December 2025, 6:56 PM

Daily Summary: Wall Street ends the week with a calm gain 🗽 Cryptocurrencies slide

5 December 2025, 3:01 PM

BREAKING: US PCE inflation in line with expectations 🔎UoM prelim data slightly higher

5 December 2025, 1:32 PM

BREAKING: Lower Unemployment in Canada🍁USDCAD sharply declines📉

5 December 2025, 11:42 AM

DE40: Adequate data, Mild growth

Economic reports

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Economic calendar: US retail sales and Wall Street earnings

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