Eurozone growth loses steam as PMIs slide into year-end.Eurozone PMI data for December pointed to a clear loss of momentum heading into year-end. PMI Manufacturing slipped from 49.6 to 49.2, an eight-month low.

USD: Unusual Tuesday release for US jobs report – Commerzbank.USD: Unusual Tuesday release for US jobs report – Commerzbank

Italy November final CPI +1.1% vs +1.2% y/y prelim.Slight delay in the release by the source. Core annual inflation is seen slowing down from 1.9% to 1.7% in November, so that's something to at least take note of.

France December flash services PMI 50.2 vs 51.1 expected.It's a polarising release with the French services sector slumping in December while the manufacturing sector posts a beat on activity. At the balance though, it still leads to a bit of a drag to the French economy with overall activity basically stagnating in the final month of the year.

UK Data Mixed, Dollar Awaits Delayed NFP for Direction.Sterling is steady in early European trading after UK labor data reinforced a familiar theme of softening employment alongside stubborn wage pressures. Job losses continued, while pay growth remained elevated.

Thai central bank is 'taking action' on baht, worried by rapid rise.Thailand's central bank has moved to contain rapid gains in the baht , ordering tighter scrutiny of foreign exchange transactions linked to gold trading and instructing commercial banks to closely monitor foreign currency inflows, the bank chief said on Tuesday.

Crude Oil –16.12.2025.  Oil met the target of 57.60-80 and managed to push for a further drop. As we see over the chart, prices remain below the downtrend resistance line of 59.00, which could keep up the pressure over the market as support at 54.80 could lead to a rebound.

GBP/JPY rebounds from over one-week low, back above 207.00 after UK jobs data.GBP/JPY rebounds from over one-week low, back above 207.00 after UK jobs data

USD/JPY –16.12.2025.  USDJPY met the target of 154.90 and managed to hit a few pips below it. As we see over the chart, as long as the market remains above 154.45, another rebound toward 156.15 and higher could hit the market.

Natural Gas and Oil Forecast: Weak Demand and Heavy Supply Keep Rallies Limited.Natural gas and oil prices stay under pressure as oversupply, weak demand, and bearish technical signals cap rebounds across WTI, Brent, and NG markets.

United Kingdom Claimant Count Rate unchanged at 4.4% in November.United Kingdom Claimant Count Rate unchanged at 4.4% in November

All Eyes on US Data.Stocks in Europe and the UK benefited from rotation flows yesterday, while tech-heavy US peers remained under pressure, with the Nasdaq 100 leading losses among the major indices. This morning, futures on both sides of the Atlantic are pointing lower.

US Nonfarm Payrolls Back With a Double Release.In the US, the delayed October nonfarm payrolls (NFP) and full November jobs report are both due for release at 14:30 CET. We expect that delayed seasonal hiring will weigh on October NFP and forecast job growth at only 20k.

Indian rupee's relentless slide fuels talk of RBI pushback, bankers say.The Indian rupee's near one-way slide over the past month, with the currency repeatedly touching all-time lows regardless of broader Asian market cues, is fuelling talk among bankers of heavier pushback from the central bank.

Japan's PMI composite falls to 51.5, slowing momentum but manufacturing nears expansion.Japan's December PMI data pointed to a modest cooling in overall momentum, while offering tentative signs of stabilization in manufacturing. PMI Manufacturing rose from 48.7 to 49.7.

Australia Westpac consumer sentiment falls back to 94.5, bounce proves short-lived.Australian consumer confidence fell sharply in December, reversing November's brief improvement. The Westpac Consumer Sentiment Index dropped -9.0% mom to 94.5, slipping back toward levels seen prior to last month's surprise bounce.

Australia PM composite falls to 51.1, growth cooling but persistent price pressures.Australia's PMI readings for December pointed to moderating growth momentum toward year-end. PMI Manufacturing rose from 51.6 to 52.2, signaling a stronger expansion in factory activity.

US Dollar Index softens below 98.50 ahead of US NFP data.US Dollar Index softens below 98.50 ahead of US NFP data

EUROPE Markets in Grinch-y mood before data deluge.A look at the day ahead in European and global markets from Ankur Banerjee

India HSBC Services PMI: 59.1 (December) vs previous 59.8.India HSBC Services PMI: 59.1 (December) vs previous 59.8

India HSBC Manufacturing PMI fell from previous 56.6 to 55.7 in December.India HSBC Manufacturing PMI fell from previous 56.6 to 55.7 in December

India HSBC Composite PMI declined to 58.9 in December from previous 59.7.India HSBC Composite PMI declined to 58.9 in December from previous 59.7

Oil and Natural Gas Technical Analysis: Bearish Signals Amid Peace Talks and Weak China Data.Oil and natural gas prices weakened as progress on the Russia–Ukraine peace and soft Chinese data weighed on sentiment.

Rupee hits record low, pressured by persistent outflows and NDF maturities.The Indian rupee slipped to an all-time low for the fourth consecutive session on Tuesday, pressured by dollar bids spurred by the likely maturity of positions in the non-deliverable forwards market and persistent portfolio outflows.

investingLive Asia-Pacific FX news wrap: Onshore yuan continues stronger.New Zealand kicked things off with data showing food price inflation falling on the month while remaining elevated year on year. The monthly decline in the Food Price Index will be welcomed by the Reserve Bank of New Zealand, offering tentative evidence that one of the stickier components of inflation may be starting to ease.

CAD Steadies After November CPI Meets Forecasts and Core Pressures Ease.Canada's November CPI delivered a steady headline print while offering the BOC its first clear signal in months that underlying price pressures are finally cooling.

Japanese Yen remains on the front foot amid rising BoJ rate hike bets and softer risk tone.Japanese Yen remains on the front foot amid rising BoJ rate hike bets and softer risk tone

South Korea Money Supply Growth fell from previous 7.2% to 7.1% in October.South Korea Money Supply Growth fell from previous 7.2% to 7.1% in October

Rupee may open at fresh record low, with risk-off tone compounding flow mismatch.The Indian rupee is likely to open at a fresh lifetime low on Tuesday, as a deteriorating risk backdrop amplifies pressure from persistently lopsided flows that have remained a drag on the currency.

Bank of Japan to take interest rates to 30-year high.The Bank of Japan is set to raise interest rates on Friday to a three-decade high and pledge to keep hiking borrowing costs, closing the year with two rate hikes despite headwinds from U.S. tariffs and the inauguration of a dovish prime minister.