Let’s take a look at the FXTS Weekly Market Preview for the upcoming week 2nd-6th Dec 2024. Discover the key events of the week ahead, including economic data releases and the quarterly reports of publicly listed companies.
Check out our weekly market preview, where we outline the key events of the week ahead, including economic data releases and the quarterly reports of publicly listed companies.
Economic Highlights
This week, in the US, markets will focus on the November labour market report, offering vital clues ahead of the Federal Reserve’s (Fed) December 17-18 meeting. Fed comments are expected to further shape rate expectations amid debates on the pace of cuts. Meanwhile, Friday’s release of the Non-Farm Payrolls data will also be critical, alongside ISM Manufacturing and Services PMIs, published earlier in the week.
In Europe, the third estimate of Q3 Eurozone GDP and German trade and factory orders will be key, especially as recent PMI data has hinted at ongoing challenges in the region’s goods-producing sectors. Over in the UK, construction PMI and Halifax House Price Index will provide additional insight into domestic conditions there.
In the Asia-Pacific region, the markets will be eyeing trade and inflation data from key economies including China, South Korea, and Taiwan. Australia’s PMI readings suggest a slowing pace of economic growth, raising questions about the sustainability of recovery trends ahead of Wednesday’s Q3 GDP data release.
Monday 2nd December
Earnings
- BHP Group Limited (BHP) – Q1 2025
Releases
- Worldwide (Manufacturing PMIs, November)
- Australia (Building Permits, Retail Sales, October)
- Indonesia (Inflation, November)
- France (Industrial Production, October)
- Italy (Unemployment Rate, October)
- Italy (GDP Q3, final)
- Eurozone (Unemployment Rate, October)
- United States (ISM Manufacturing PMI, November)
Tuesday 3rd December
Earnings
- Salesforce, Inc. (CRM) – Q3 2025
Releases
- South Korea (Inflation, November)
- Turkey (Inflation, November)
- Switzerland (Inflation, November)
- South Africa (GDP, Q3)
- Brazil (GDP, Q3)
- United States (JOLTs Job Openings, October)
Wednesday 4th December
Earnings
- Royal Bank Of Canada (RY) – Q4 2024
- Synopsys, Inc. (SNPS) – Q4 2024
Releases
- Worldwide (Services and Composite PMIs, November)
- Australia (GDP, Q3)
- Brazil (Industrial Production, October)
- United States (ADP Employment Change, November
- United States (ISM Services PMI, November)
- United States (Factory Orders, October
- United States (Fed Beige Book)
- S&P Global Sector PMIs (November)
Thursday 5th December
Earnings
- Toronto Dominion Bank (TD) – Q4 2024
- Bank Of Montreal (BMO) – Q4 2024
- Canadian Imperial Bank of Commerce (CM) – Q4 2024
Releases
- South Korea (GDP, Q3 final)
- Australia (Trade, October)
- Switzerland (Unemployment Rate, November)
- Germany (Factory Orders, October)
- Taiwan (Inflation, November)
- Eurozone (Construction PMI, November)
- United Kingdom (S&P Global Construction PMI, November)
- Europe (Sector PMIs, November)
- United States (Trade, October; Initial Jobless Claims)
- Brazil (Balance of Trade, November)
Friday 6th December
Earnings
- No noteworthy releases
Releases
- Thailand (Inflation, November)
- Australia (Home Loans, October)
- India (RBI Interest Rate Decision)
- Germany (Trade and Industrial Production, October)
- United Kingdom (Halifax House Price Index, November)
- France (Trade, October)
- Eurozone (GDP, Q3 – 3rd estimate)
- Canada (Trade, October)
- United States (Non-Farm Payrolls, November)
- United States (Unemployment Rate, November)
- United States (Average Hourly Earnings, November)
- United States (UoM Sentiment, December preliminary)
For a more in-depth look at the upcoming week’s key events, visit our Economic Calendar.
