NEWSFEED HIGHLIGHTS

Through yesterday’s close, volume on Dec ’25 CME Emini S&P 500 futures was barely higher than that of last week’s Thanksgiving holiday-shortened trade. Not only is this highly unusual, it also suggests that neither bulls nor bears have control of the market. That said, this week’s price action has created what chartists call a “hanging man” candlestick pattern, which usually portends lower prices.

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Consumer price growth in the euro area edged higher to move further from the target of the European Central Bank, adding pressure on monetary policymakers to leave rates as is at their final decision-making meeting this year.

In a preliminary report, the EU statistics office Eurostat said annual Eurozone inflation last month grew to 2.2% from October’s 2.1%, which was also the market estimate.

November’s rate of headline consumer price growth in the Eurozone is forecast to move away from the level preferred by the European Central Bank, whose governing council is unlikely to change monetary policy in the currency area later this month, according to observers.

An economists’ poll predicted that the annual Eurozone headline inflation rate last month increased a tenth to 2.2%, which would push it further from the... 

Following the long Thanksgiving weekend in the US, investors return to high-frequency surveys and delayed data releases ahead of key interest rate decisions next week.

Federal Reserve officials have now entered the media blackout period ahead of the 9–10 December policy meeting. However, Fed Chairman Jerome Powell will give opening remarks at a panel discussion on George Shultz and his Economic Policy... 

Fiscal consolidation is the watchword heading into Wednesday’s Autumn Budget.

The long-awaited and heavily trailed statement from Rachel Reeves, the Chancellor of the Exchequer, is expected to reaffirm Labour’s manifesto pledge not to increase the tax burden on working households.

Reports last week suggested Reeves had rejected the idea of raising income tax following better-than-expected...