Second Quarter Euroland GDP Growth and Some Central Bank Rate Announcements – Currency Thoughts

December 27, 2025 – January 2, 2026 – Currency Thoughts


Next Week’s Menu: December 27, 2025 – January 2, 2026

December 26, 2025

Central Banks: A summary of the December Bank of Japan policy review and minutes from this month’s Federal Open Market Committee meeting will be published. Those reviews respectively resulted in a 25-basis point interest rate hike in Japan’s case and a 25-basis point cut by the Federal Reserve.

Holiday: The world’s most widely observed holiday celebrating the start of the new year falls on Thursday. A few countries such as Russia and Thailand will remain on holiday on Friday.

Purchasing Manager Surveys for December: Most of the 30-plus manufacturing PMI surveys arrive on Friday. A few get released earlier in the week, such as those for Austria and Russia on Monday and China on Wednesday. Russia’s composite and service sector surveys will be reported Tuesday, followed by China’s government-authorized manufacturing and non-manufacturing surveys on Wednesday.

Scheduled U.S. Data Releases: The Case-Shiller and FHFA house price indices, pending home sales, construction spending, Dallas Fed manufacturing index, and Chicago regional PMI. Weekly jobless insurance claims, energy inventories, chain store sales and mortgage applications.

Euroland Releases: M3 money and bank lending.

Members of the Euro Area: Retail sales in Spain, Slovenia, Estonia, Austria, Cyprus, Latvia, Croatia, Lithuania and Portugal. Spanish current account and Finland’s trade balance. Latvian and Croatian industrial production. Spanish and Slovenian consumer prices. Austrian PPI and Finnish consumer confidence.

U.K. and Switzerland: British money growth, mortgage lending and Nationwide house price index. Swiss KOF leading business cycle barometer.

Eastern Europe: Bulgarian and Hungarian producer prices. Hungarian retail sales and industrial production. Russian CPI.

Asian Releases: Indonesian and South Korean trade balances. Indian and South Korean industrial production. China’s current account and South Korean business confidence. Malaysian PPI.

Turkey and South Africa: Turkish unemployment, CPI, PPI, and trade balance. South African money growth and domestic credit expansions.

Copyright 2025, Larry Greenberg. All rights reserved. 

 

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