Today’s macroeconomic calendar is relatively light, with the delayed September Personal Consumption Expenditures (PCE) report standing out as the primary global release. However, its impact may be muted due to the lag in timing, which typically results in a weaker market reaction compared to a timely publication. n nIn addition, preliminary University of Michigan consumer sentiment data for December will be released, offering insights into household outlooks on inflation and economic conditions. Canada will also publish its November labor market figures, including unemployment rate and employment change. n nDetailed schedule for the day: n n07:00 GMT, Germany – October durable goods orders: n nFactory orders: forecast +0.3% monthly; previous +1.1% monthly; n n10:00 GMT, Eurozone – Q3 GDP data: n nGDP annualized: forecast 1.4%; previous 1.5%; n nGDP quarterly: forecast +0.2%; prior +0.1%; n n13:30 GMT, Canada – November employment report: n nEmployment change: expected -1.5K; previous +66.6K; n nFull-time employment change: prior -18.5K; n nPart-time employment change: prior +85.1K; n nUnemployment rate: expected 7.0%; previous 6.9%; n nHourly wages for permanent employees (yearly): prior +4.0%; n nParticipation rate: prior 65.3%; n n15:00 GMT, United States – September inflation data (PCE Index): n nPCE Price Index: expected +0.3% monthly; previous +0.3%; n nPCE annual rate: expected 2.8%; prior 2.7%; n nCore PCE (excluding volatile food and energy): expected +0.2% monthly; previous +0.2%; n nCore PCE annual: forecast 2.9%; unchanged from prior; n nPersonal income: expected +0.3% monthly; previous +0.4%; n nPersonal spending: expected +0.3% monthly; prior +0.6%; n n15:00 GMT, United States – September durable goods orders: n nFactory orders: previous +1.4% monthly; n nExcluding transportation: prior +0.1%; n nDurable goods excluding transportation: prior +0.6%; n nExcluding defense: expected +0.1%; previous +0.1%; n n15:00 GMT, United States – University of Michigan December inflation expectations: n nOne-year inflation outlook: prior 4.5%; n nFive-year inflation forecast: prior 3.4%; n nConsumer sentiment index: expected 52.0; previous 51.0; n nCurrent conditions: expected 51.3; prior 51.1; n n15:10 GMT, Eurozone – ECB President Lagarde’s speech
