Anna 
In today’s economic landscape, several pivotal events are poised to shape market sentiments worldwide.
The United States is set to unveil the NFIB Small Business Optimism Index for December, with a keen eye on businesses’ perceptions of imminent price changes and the labor market outlook. These insights are anticipated to influence market movements.
In the Eurozone, attention is directed towards November unemployment figures and German industrial production. Despite a historically low unemployment rate of 6.5% in October, projections based on purchasing managers’ indexes and state signals suggest a continuation of this figure into November. However, the specter of a gradual and moderate increase in the unemployment rate looms due to prior economic weaknesses. Of particular interest is German industrial production data, as it is yet to reflect signs of a bottoming-out in economic activity.
The National Bank of Poland has concluded its two-day monetary policy meeting, with market expectations aligned with a policy rate maintenance at 5.75%.
Meanwhile, Sweden’s budget balance for December is anticipated to be SEK 92 billion. Despite boasting a year-to-date surplus of approximately SEK 120 billion, this figure is expected to shrink to SEK 28 billion if the December forecast proves accurate. Looking ahead, the Swedish National Debt Office anticipates running deficits over the next two years, signaling an increase in funding needs.
Turning to Japan, recent wage data for November has been disclosed, highlighting the critical role of wage growth in the Bank of Japan’s tightening outlook. However, significant increases in wages may be deferred until the spring wage talks.
As global economic indicators unfold, market participants remain vigilant, navigating uncertainties and anticipating the impact on financial landscapes across regions.
