Global Financial Focus: Powell's Speech, US PCE and Small Non-Farm Payrolls are Coming, Market Storm Warning This Week

This week's important events and data forecast: Powell's speech, US PCE and small non-farm payrolls.

1. Monday: ① Data: China November RatingDog Manufacturing PMI; Switzerland October actual retail sales YoY; France, Germany, Eurozone, UK November Manufacturing PMI final value; US November S&P Global Manufacturing PMI final value, November ISM Manufacturing PMI. ② Events: Bank of Japan Governor Ueda speaks. Wang Yi will travel to Russia for the 20th round of China-Russia strategic security consultations. The 2025 Artificial Intelligence + Industry Ecosystem Conference will be held in Beijing.

2. Tuesday: ① Data: UK November Nationwide House Price Index MoM; Eurozone November CPI YoY preliminary value, October unemployment rate; ② Events: Federal Reserve Chairman Powell gives a speech [simultaneous interpretation]. Federal Reserve Governor Bowman testifies before the House Committee. CFTC releases weekly positions report. Nvidia participates in UBS Global Technology and Artificial Intelligence Conference.

3. Wednesday: ① Data: US API crude oil inventory for the week ending November 28, EIA crude oil inventory for the week; Australia Q3 GDP year-on-year; China November RatingDog services PMI; Switzerland November CPI month-on-month; France, Germany, Eurozone, UK November services PMI final value; US November ADP employment figures, September import price index month-on-month, September industrial production month-on-month, November S&P Global services PMI final value, November ISM non-manufacturing PMI; ② Event: European Central Bank President Lagarde delivers a speech. Ideal AI glasses Livis press conference.

4. Thursday: ① Data: Switzerland November seasonally adjusted unemployment rate; Eurozone October retail sales month-on-month; US November Challenger job cuts, initial jobless claims for the week ending November 29, November global supply chain pressure index, EIA natural gas inventory for the week ending November 28. ② Event: Bank of England Monetary Policy Committee member Mann, European Central Bank Governing Council member Kocher, and ECB Chief Economist Lane deliver speeches; Russian President Putin visits India. The 2025 Brain-Computer Interface Conference will be held in Shanghai.

5. Friday: ① Data: UK November Halifax seasonally adjusted house price index month-on-month; France October industrial production month-on-month, October trade balance; Eurozone Q3 GDP year-on-year revision, Q3 seasonally adjusted employment month-on-month final value; Canada November employment figures; US September core PCE price index year-on-year, September core PCE price index month-on-month, September personal spending month-on-month, December University of Michigan consumer confidence index preliminary value, December one-year inflation expectation preliminary value. ② Event: Federal Reserve Governor Bowman delivers a speech. Saudi Aramco announces official crude oil prices around the 5th of each month.

6. Saturday: ① Data: US total oil drilling rigs for the week ending December 5; Vietnam November export year-on-year; ② Event: CFTC releases weekly position report.

7. Sunday: China November foreign exchange reserves (pending).$BTC $ETH #加密市场反弹 #美联储重启降息步伐