Economic calendar: will the final PMI data confirm the rebound? 🔔

• Contracts in Europe point to higher opening
• Publications of final PMI data from Europe and the US
• Jerome Powell's speech
• Labor market data from Canada

In the last session of this week, the stock markets on the Old Continent are set to open in good spirits. Futures indicate a higher opening for the German, British, and Eurozone stock exchanges. The better sentiment is supported by a slightly weakening dollar, rising bond prices, and 10-year yields dropping to the level of 3.0%.

Today, investors will encounter several interesting publications. Among them are PMI reports, which have already positively surprised in the first part of the day. However, the readings are still low, and for most economies, estimates indicate readings well below 50 points. Equally interesting events today will be speeches by Fed members, including Chairman Jerome Powell and Vice Chairman for Supervision Michael Barr.

Detailed Agenda for Today:

8:15 AM GMT, Spain - PMI Report: expected 45.4; previously 45.1

8:30 AM GMT, Switzerland - PMI Report: expected 42.0; previously 40.6

8:55 AM GMT, Germany - PMI Report: expected 42.3; previously 40.8

9:00 AM GMT, Eurozone - PMI Report: expected 43.8; previously 43.1

9:30 AM GMT, United Kingdom - PMI Report: expected 46.7; previously 44.8

1:40 PM GMT, Canada - November Labor Market Data:

• Unemployment Rate: expected 5.8%; previously 5.7%
• Employment Change: expected 15.8k; previously 17.5k

2:45 PM GMT, USA - PMI Report: expected 49.4; previously 50.0

3:00 PM GMT, USA - ISM Report: expected 47.6; previously 46.7

Central Bankers' Speeches:

• 8:00 AM GMT, USA, Fed, FOMC Member Barr - at the ECB's 5th Forum on Banking Supervision
• 11:30 AM GMT, EU, ECB, President Lagarde
• 3:00 PM GMT, USA, Fed, FOMC Member Goolsbee
• 4:00 PM GMT, USA, Fed, Chairman Jerome Powell - conversation with Spelman College President Helene Gayle, “Fireside Chat”
• 7:00 PM GMT, USA, Fed, Chairman Jerome Powell - visit to Spelman College in Atlanta