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US ISM Manufacturing PMI December 2026
2026-12-01 10:00 - 11:00 (America/New_York)
Next US ISM Manufacturing PMI: Tuesday, December 1, 2026 at 10:00 am ET (3:00 pm London).
Date to be confirmed by the publisher; this is the scheduled date.

Consensus
Not yet published
Prior
55.6 (July 2026)
Actual
Pending

Full schedule and background: US ISM Manufacturing PMI.
Updated August 25, 2026

← Previous US ISM Manufacturing PMI
The ISM Manufacturing PMI for December 2026 is due to be released on December 1, 2026 at 10:00 am ET (3:00 pm London time) by the Institute for Supply Management (ISM). The report covers manufacturing activity for November 2026. Full schedule and background: US ISM Manufacturing PMI.
What is the ISM Manufacturing PMI?
The ISM Manufacturing Purchasing Managers’ Index (PMI) is a monthly survey of purchasing and supply executives at manufacturing firms across the United States. Respondents from around 400 companies in 18 industries are asked whether business conditions such as new orders, production, employment, supplier deliveries and inventories have improved, worsened or stayed the same compared with the previous month.
Those responses are combined into a single diffusion index. A reading above 50 means the manufacturing sector is expanding, a reading below 50 means it is contracting. The distance from 50 indicates the pace of change, so a reading of 58 signals faster growth than 52.
Markets watch the ISM Manufacturing PMI closely because it is one of the earliest and most reliable monthly indicators of the health of US industry, arriving before most official government data for the same month. Sub-indices such as New Orders and Prices Paid also give an early read on demand and inflation pressure in supply chains, which the Federal Reserve monitors when setting interest rates.
When is the December ISM Manufacturing PMI released?
The report is scheduled for Tuesday, December 1, 2026 at 10:00 am ET (3:00 pm London), published directly by the Institute for Supply Management on its website. The ISM has not yet confirmed this specific date at the time of writing; ISM typically publishes the Manufacturing PMI on the first business day of the month following the survey period, so December 1, 2026 is the expected date based on that established pattern.
What is the consensus forecast?
A consensus forecast for the November 2026 data (to be published on December 1, 2026) has not yet been published. Economists’ estimates typically become available in the days immediately before the release, compiled by outlets such as Reuters and Bloomberg from surveys of forecasters.
The most recent confirmed reading available at the time of writing is for July 2026. The ISM Manufacturing PMI rose to 55.6 in July 2026, up from 53.3 in June 2026, according to TD Economics’ analysis of the official ISM report, marking the seventh consecutive month of expansion and the strongest reading since May 2022.

Measure
Prior (June 2026)
Latest confirmed (July 2026)

Headline PMI
53.3
55.6

New Orders Index
56.0
56.7

What the result could mean

Scenario
Likely market read
What it means in plain English

Above consensus
Read as a sign of resilient factory demand; could support the dollar and push Treasury yields higher if it feeds expectations that the Fed will hold rates for longer
Factories are busier than expected, which can be a good sign for jobs and growth but may also keep borrowing costs elevated

In line with consensus
Likely limited market reaction, since the data broadly confirms the trend traders had already priced in
Manufacturing is behaving roughly as expected, so little changes for interest rate expectations

Below consensus
Could be read as a sign of cooling demand, potentially supporting expectations of interest rate cuts and weighing on the dollar
Factories are seeing less business than hoped, which can be a warning sign for jobs and wider economic growth

These are possible reactions described by market commentators, not predictions. Actual moves depend on the wider data picture on the day, including labour market and inflation releases around the same time.
Why does this release matter right now?
The ISM Manufacturing PMI has been a closely watched barometer of the US industrial cycle through 2026. According to TD Economics, the index climbed for seven straight months into July 2026, with production and new orders both strengthening and 15 of 18 tracked industries reporting expansion. That trend followed an extended period earlier in the expansion where the Employment Index remained below 50, a point ISM’s Susan Spence highlighted in the June 2026 report when factory hiring intentions were still soft even as overall activity improved.
Investors and the Federal Reserve watch this report for signs of whether tariffs, borrowing costs and global demand are helping or hurting US factories, and whether price pressures in the Prices Paid sub-index are building or easing. A run of strong prints can shift expectations for how long the Fed keeps interest rates on hold, while a sudden slowdown can revive talk of rate cuts.
What It Means for Your Money

Mortgages and loans: Manufacturing strength that suggests the economy is running hot can push bond yields up, which tends to feed through to higher fixed mortgage rates in the US and, indirectly, to global borrowing costs. Weak factory data can have the opposite effect.
Savings: If the report shifts expectations about Federal Reserve interest rate decisions, it can move the rates banks offer on savings accounts and money market funds in the months ahead.
Jobs and wages: The Employment Index within the report gives an early signal on factory hiring. A weakening trend can be a warning sign for job security in manufacturing-heavy regions and supply chains.
Prices: The Prices Paid sub-index tracks the cost of raw materials for manufacturers. A sharp rise can be an early sign that inflation pressure is building further down the supply chain, which can eventually show up in shop prices.
Investments, pensions and currencies: Equity markets, particularly industrial and materials shares, often react to the headline number and New Orders sub-index. A stronger-than-expected US reading can also lift the dollar against the pound and euro, affecting the value of overseas holdings for UK and European investors, while a weak reading tends to have the opposite effect.

Related events

Previous release: US ISM Manufacturing PMI, November 2026
Full series schedule and history: US ISM Manufacturing PMI hub page
Related US labour market and inflation releases, including the monthly jobs report and CPI, are also worth checking around this date for the fuller economic picture

Frequently Asked Questions
What time is the December 2026 ISM Manufacturing PMI released?
It is scheduled for 10:00 am ET, which is 3:00 pm in London, on December 1, 2026.
How do I read the ISM Manufacturing PMI number?
A reading above 50 means the manufacturing sector is expanding compared with the previous month, while a reading below 50 means it is contracting. The further from 50, the faster the pace of change.
How does this report affect interest rates?
The Federal Reserve monitors manufacturing activity and price pressures shown in the report’s sub-indices as part of its broader assessment of the economy, so persistently strong or weak readings can influence expectations for future interest rate decisions.
Where can I find the official ISM Manufacturing PMI release?
The report is published directly by the Institute for Supply Management on its website, ismworld.org, in the ISM PMI Reports section.
Where can I find the next ISM Manufacturing PMI released after this one?
The following report, covering December 2026 data, is expected in early January 2027, following ISM’s usual pattern of publishing on the first business day of the month.
← Previous US ISM Manufacturing PMI

US JOLTS Job Openings December 2026
2026-12-01 10:00 - 11:00 (America/New_York)
Next US JOLTS Job Openings: Tuesday, December 1, 2026 at 10:00 am ET (3:00 pm London). Covers October 2026 data.

Consensus
Not yet published
Prior
7.3 million (July 2026, most recent confirmed reading)
Actual
Pending

Full schedule and background: US JOLTS Job Openings.
Updated September 2, 2026

← Previous US JOLTS Job Openings
The US JOLTS Job Openings report for October 2026 is released on December 1, 2026 at 10:00 am ET (3:00 pm London) by the US Bureau of Labor Statistics (BLS). The Job Openings and Labor Turnover Survey, known as JOLTS, measures how many positions employers were actively trying to fill during the reference month, alongside hiring and separations. Full schedule and background: US JOLTS Job Openings.
What is the JOLTS job openings report?
JOLTS is a monthly survey of roughly 21,000 US business establishments run by the Bureau of Labor Statistics. It counts three main flows in the labour market: job openings (unfilled positions employers are actively recruiting for), hires (people added to payrolls) and separations, which splits further into quits, layoffs and discharges, and other separations.
The headline figure watched by markets is the total number of job openings, usually expressed in millions, along with the job openings rate (openings as a share of employment plus openings). A second closely tracked figure is the quits rate, which economists use as a proxy for worker confidence: people tend to quit more readily when they believe they can find another job easily.
The Federal Reserve pays close attention to JOLTS because it captures labour demand before it shows up in the monthly non-farm payrolls report. A wide gap between openings and the number of unemployed workers points to a tight labour market that can put upward pressure on wages and, eventually, inflation.
When is the October 2026 JOLTS report released?
The BLS publishes the JOLTS release for October 2026 data on Tuesday, December 1, 2026 at 10:00 am ET (3:00 pm London time). The full statistical tables and commentary are published on the BLS JOLTS website. JOLTS data run with roughly a two-month lag to the reference month, which is why the October reading is not published until early December.
What is the consensus forecast?
A consensus forecast for the October 2026 release has not yet been published. Polls of economists compiled by outlets such as Dow Jones and Reuters are typically released only in the days immediately before the report, so figures will need to be checked closer to December 1, 2026.
The most recent confirmed reading at the time of writing is for July 2026: job openings were “little changed at 7.3 million,” according to the BLS July 2026 JOLTS release. Openings had earlier jumped to 7.618 million in April 2026, “the highest level since May 2024,” according to Advisor Perspectives, before holding around 7.6 million in May.

Measure
Prior reading
Consensus

Job openings (millions)
7.3 million (July 2026)
Not yet published

Quits rate
Down from prior month (July 2026)
Not yet published

What the result could mean

Scenario
Likely market read
What it means in plain English

Above consensus
Could be read as a sign of a resilient labour market, potentially reducing pressure on the Federal Reserve to cut interest rates further, according to analysts who track JOLTS alongside payrolls data
More jobs are being advertised than expected, which can support wage growth but may also keep borrowing costs higher for longer

In line with consensus
Markets are likely to treat the release as confirming the existing view of a “low-hire, low-fire” labour market, a description used by Oxford Economics economist Matthew Martin
The jobs market is neither strengthening nor weakening sharply, so little changes for interest rate expectations

Below consensus
Could be interpreted as a cooling labour market, potentially firming expectations for further Fed rate cuts, according to economists who watch the openings-to-unemployed ratio
Employers are advertising fewer jobs, which can eventually translate into slower hiring and weaker wage growth

Why does this release matter right now?
The Federal Reserve has used JOLTS data throughout 2026 to judge whether labour demand is cooling gently or sharply. Openings surged to 7.618 million in April 2026, the highest level in nearly two years, before easing back to 7.3 million by July, described by the BLS as “little changed” month on month. Oxford Economics economist Matthew Martin said in a note on the April data that “the labour market remains mostly stable,” with both quits and layoffs ticking down, a pattern typically described as low-hire, low-fire.
Because JOLTS lags the reference month by roughly two months, the October 2026 report gives the Fed a delayed but still useful cross-check against more timely indicators such as weekly jobless claims and the monthly non-farm payrolls report. Traders in interest rate futures markets use shifts in the openings and quits data, alongside these other releases, to adjust the probability they assign to future Fed rate decisions.
What It Means for Your Money

Mortgages and borrowing: A weaker-than-expected JOLTS report can nudge US Treasury yields lower, which sometimes feeds through to US mortgage rates and, indirectly, to global bond markets that influence UK and eurozone borrowing costs.
Savings rates: If the data shift expectations for Fed interest rate cuts, savings account and money market fund returns in the US could adjust in the following months, with the direction of savings rates in the UK and eurozone often following a similar pattern with a lag.
Jobs and wages: A falling quits rate suggests workers feel less confident about finding a new role, which can slow wage growth. This is watched by anyone renegotiating pay or considering a job change, not just in the US but across economies closely linked to US demand.
Investments and pensions: Equity markets, including those held in workplace pensions, often react to what JOLTS implies for interest rates rather than the jobs numbers themselves. A soft reading that raises hopes of rate cuts can lift share prices, while a strong reading can weigh on them.
Currencies: Surprises in JOLTS can move the US dollar against the pound and the euro, since they feed into expectations for the gap between US and other major central bank interest rates.

Related events

US JOLTS Job Openings, November 2026 report (September 2026 data)
US non-farm payrolls report, typically released on the first Friday of the month
Federal Reserve interest rate decision, usually held roughly a week or two after the JOLTS release

Frequently Asked Questions
What time is the October 2026 JOLTS report released?
The BLS publishes the report on December 1, 2026 at 10:00 am ET, which is 3:00 pm London time.
How should I read the JOLTS job openings number?
A rising number of job openings generally signals stronger labour demand, while a falling number, alongside a falling quits rate, tends to signal a cooling labour market.
How does JOLTS affect interest rate decisions?
The Federal Reserve treats JOLTS as one of several labour market indicators used to judge whether the jobs market is loosening or tightening, which feeds into its assessment of inflation risk and its interest rate decisions.
Where can I find the official JOLTS release?
The BLS publishes the full release and data tables on its JOLTS website.
When is the next JOLTS report after this one?
The BLS typically publishes JOLTS data roughly a month after this release, covering the following reference month, though exact dates depend on the BLS release schedule.
← Previous US JOLTS Job Openings

Eurozone Unemployment December 2026
2026-12-02 05:00 - 06:00 (America/New_York)
Next Eurozone Unemployment: Wednesday, December 2, 2026 at 11:00 am CET (5:00 am ET, 10:00 am London).

Consensus
Not yet published
Prior
To be confirmed by Eurostat closer to release
Actual
Pending

Full schedule and background: Eurozone Unemployment.
Updated September 2, 2026

← Previous Eurozone Unemployment
Eurostat, the statistical office of the European Union, releases its monthly euro area unemployment report on Wednesday, December 2, 2026, at 11:00am CET (5:00am ET, 10:00am London). This release covers the unemployment rate for October 2026, the labour-market snapshot for the 20 countries that use the euro. Full schedule and background: Eurozone Unemployment.
The unemployment rate measures the share of the labour force that is jobless but actively seeking work, seasonally adjusted so that normal hiring patterns (such as seasonal retail or agricultural work) do not distort the monthly comparison. Eurostat also publishes a breakdown by age group and by member state, which tends to show wide gaps between economies such as Germany and Spain.
What is the consensus forecast?
A consensus forecast has not yet been published for this release. Economists surveyed by Reuters and Bloomberg typically publish their median estimate in the days immediately before the release date, once other euro area labour indicators for October have come through.
The euro area unemployment rate has held near historic lows through 2025 and 2026, broadly in the low 6% range, according to Eurostat’s release calendar. The exact prior reading for September 2026 will be confirmed in Eurostat’s official statistical release ahead of this report; readers should check Eurostat’s release calendar for the confirmed figure closer to the date.

Measure
Prior
Consensus

Unemployment rate
To be confirmed by Eurostat
Not yet published

Youth unemployment
To be confirmed by Eurostat
Not yet published

What the result could mean

Scenario
Likely market read
Plain-English meaning

Above consensus
Euro softens slightly, European Central Bank seen more cautious on further rate cuts
More people are out of work than expected, a sign the labour market is cooling

In line with consensus
Limited market reaction
The labour market is behaving as economists expected, no major surprise

Below consensus
Euro can firm modestly, seen as supportive for consumer spending
Fewer people are unemployed than expected, a sign hiring remains resilient

Why it matters this week
The unemployment rate is one of the European Central Bank’s key gauges of how much slack remains in the euro area economy. A tight labour market, where unemployment stays low, tends to keep wage growth firmer, which the ECB watches closely because higher wages can feed into inflation through higher household spending and business costs.
This report lands alongside other euro area data in early December, so investors will also weigh it against inflation and growth figures due around the same time. A weaker than expected reading could add to the case for the ECB to hold or cut interest rates further, while a stronger reading could reinforce the ECB’s caution about cutting rates too quickly, according to commentary on the Eurostat release calendar.
What It Means for Your Money
For savers and mortgage holders across the euro area, this report feeds into the broader picture the ECB uses when setting interest rates. If unemployment rises more than expected, it could support the case for lower borrowing costs over time, which would eventually filter through to cheaper mortgages and loans, though usually with a lag of several months.
For investors holding European equities or eurozone government bonds, a weaker labour market can be a double-edged sword: it may support lower interest rates (generally good for bond prices) but can also signal weaker consumer spending, which weighs on company earnings and pension fund returns.
For anyone holding euros against the pound, dollar or other currencies, a surprise in either direction can move the exchange rate briefly, affecting the cost of European holidays, imported goods, or money sent abroad, though the unemployment rate on its own rarely causes large or lasting currency swings.
Frequently Asked Questions
What time is the December 2026 euro area unemployment report released?
Eurostat publishes the report at 11:00am CET (5:00am ET, 10:00am London) on Wednesday, December 2, 2026.
What would count as a big miss from consensus?
Once a consensus is published, a move of 0.2 percentage points or more away from the median forecast would typically be seen as a significant miss, since the euro area unemployment rate usually moves in very small increments month to month.
When is the next euro area unemployment report?
Eurostat typically publishes euro area unemployment data on the first business day of the following month, so the next release covering November 2026 is expected in early January 2027.
Where can I find the official prior reading?
The confirmed prior month’s figure is published in Eurostat’s official statistical release, available through the Eurostat release calendar.
← Previous Eurozone Unemployment

US ADP Employment Report December 2026
2026-12-02 08:15 - 09:15 (America/New_York)
Next US ADP Employment Report: Wednesday, December 2, 2026 at 8:15 am ET (1:15 pm London).
Date to be confirmed by the publisher; this is the scheduled date.

Consensus
Not yet published
Prior
Not yet available for this release
Actual
Pending

Full schedule and background: US ADP Employment Report.
Updated September 2, 2026

← Previous US ADP Employment Report
The US ADP Employment Report for November 2026 is scheduled for release on Wednesday, December 2, 2026 at 8:15am ET (1:15pm London). It is published by ADP Research, the research arm of payroll processor Automatic Data Processing, in partnership with the Stanford Digital Economy Lab. The report estimates the change in private sector employment across the United States during November 2026. Full schedule and background: US ADP Employment Report.
Because ADP has not yet confirmed the exact release date this far in advance, this page uses the standard pattern: ADP typically publishes its national employment report on the first Wednesday of the month, two days ahead of the US government’s official jobs report from the Bureau of Labor Statistics. If ADP shifts the date closer to the time, this page will be updated.
What is the ADP Employment Report?
The ADP National Employment Report measures the month-on-month change in private sector jobs in the United States, using anonymised payroll data from roughly 25 million workers processed through ADP’s own systems. Unlike the government’s non-farm payrolls report, it does not survey businesses directly. Instead, it draws on real payroll transactions, which supporters say makes it a faster, more direct read on hiring, though the two series can diverge sharply in any given month.
The headline figure is the net number of private jobs added or lost during the reference month. ADP also breaks the data down by company size, industry sector and, in some months, pay growth for job stayers and job switchers. Markets watch the report closely because it lands two days before the official non-farm payrolls figure and offers an early, if imperfect, signal of labour market momentum.
The Federal Reserve tracks employment data as one half of its dual mandate, alongside price stability, so a report that hints at cooling or reheating hiring can shift expectations for interest rate decisions. A weaker-than-expected ADP print can raise hopes of rate cuts, while a stronger one can push back against them.
When is the November 2026 ADP report released?
ADP is expected to publish the November 2026 report on December 2, 2026 at 8:15am ET (1:15pm London), on the ADP Research website and through data terminals such as Bloomberg and Refinitiv. As noted above, this date has not been formally confirmed by ADP and is based on the usual first-Wednesday-of-the-month pattern; readers should treat it as indicative until ADP’s own calendar confirms it.
What is the consensus forecast?
A consensus forecast has not yet been published for the November 2026 ADP report. Economist surveys from outlets such as Reuters and Bloomberg are typically compiled only in the days immediately before release, so figures will not be available this far ahead. The most recently published prior reading was also not available through the sources checked for this preview.

Measure
Prior
Consensus

Private payrolls, net change
Not yet available
Not yet published

Pay growth, job stayers
Not yet available
Not yet published

What the result could mean

Scenario
Likely market read
What it means in plain English

Above consensus
Could be read as a sign of resilient hiring, potentially reducing expectations of near-term Fed rate cuts
More jobs were added than expected, suggesting businesses are still confident enough to hire

In line with consensus
Likely to have limited market impact on its own
The labour market is behaving broadly as economists expected, with no major surprise

Below consensus
Could be read as a sign of a cooling labour market, potentially supporting expectations of rate cuts
Fewer jobs were added than expected, which could point to businesses becoming more cautious about hiring

These are possible interpretations only, not predictions. Analysts caution that ADP’s monthly figures have at times diverged meaningfully from the official non-farm payrolls report released two days later by the Bureau of Labor Statistics, so any single print should be read with care.
Why does this release matter right now?
Investors and policymakers use ADP’s report as an early gauge of whether the US labour market is cooling, holding steady, or reheating ahead of the official government jobs data. The Federal Reserve weighs employment trends alongside inflation when setting interest rates, so a run of weak or strong ADP prints can shift market pricing for future rate decisions well before the official data confirms the picture. Because the report lands so close to other major US releases in early December, it often sets the tone for how traders interpret the rest of that week’s data.
What It Means for Your Money

Mortgages and loans: Signs of a cooling US labour market can lower expectations for future interest rates, which may feed through into cheaper mortgage and loan pricing over time, including for buyers outside the US who track dollar borrowing costs.
Savings rates: If the data supports expectations of Fed rate cuts, savers holding cash in interest-bearing accounts could eventually see lower returns as rates fall.
Jobs and wages: A weak reading can be an early warning sign for hiring more broadly, including in sectors linked to US demand such as exporters in Europe and Asia.
Prices: A tight labour market with strong pay growth can keep inflation pressures elevated, which matters for the cost of everyday goods well beyond the United States.
Investments, pensions and currencies: Equity markets and the dollar often move on labour market surprises. A weaker print can weigh on the dollar against the pound and euro, while a stronger print can support it, affecting the value of international pensions and investment holdings.

Related events

Previous release: US ADP Employment Report, November 2026
The official US non-farm payrolls report, typically released two days after ADP’s figures
US weekly initial jobless claims, a more frequent gauge of labour market conditions

Frequently Asked Questions
What time is the ADP employment report released?
The report is scheduled for 8:15am ET, which is 1:15pm in London, though the exact December 2026 date has not yet been formally confirmed by ADP.
How should I read the ADP number?
Focus on the direction and size of the net change in private jobs, and compare it with the prior month’s figure and any published consensus forecast, rather than treating it as a precise measure on its own.
Does the ADP report affect interest rate decisions?
It is one of several employment indicators the Federal Reserve considers, and a surprising reading can shift market expectations for rate decisions, though it rarely changes policy by itself.
Where can I find the official ADP release?
The report is published on the ADP Research website and distributed to major financial data providers at the scheduled release time.
When is the next ADP employment report?
ADP typically publishes its next report on the first Wednesday of the following month, covering data for December 2026.
← Previous US ADP Employment Report

CRM Earnings December 2026
2026-12-02 12:00 - 13:00 (America/New_York)
Next CRM Quarterly Earnings: Wednesday, December 2, 2026 at 12:00 pm ET (5:00 pm London).
Date to be confirmed by the publisher; this is the scheduled date.

Consensus
Not yet published
Prior
EPS $4.95 (fiscal Q2 2027, ended July 31, 2026, reported August 26, 2026)
Actual
Pending

Updated September 2, 2026

← Previous CRM Quarterly Earnings
Salesforce (NYSE: CRM) is expected to report its fiscal third-quarter 2027 results on December 2, 2026, with the earnings call scheduled for 12:00 pm ET (5:00 pm London). The date has not been confirmed by the company as of writing: Salesforce typically announces quarterly results roughly three months after its previous report, and this slot follows that usual cadence. Full schedule and background on the company’s reporting calendar: CRM earnings history and dates.
Salesforce is the world’s largest customer relationship management (CRM) software provider and a bellwether for enterprise software spending, cloud adoption and, increasingly, corporate investment in artificial intelligence tools such as its Agentforce platform. Its results are watched closely because they offer an early read on whether large businesses are still spending on software subscriptions, a signal that ripples through technology stocks, pension fund holdings and index-tracking investments worldwide.
What is the Salesforce earnings report?
Each quarter, Salesforce publishes audited financial results covering revenue, profit, subscription growth and forward guidance for the following quarter and full fiscal year. Management, led by chief executive Marc Benioff, hosts a call with analysts to discuss the numbers and answer questions on demand trends, customer spending and product adoption, particularly around its newer AI-driven tools. The report matters to markets because Salesforce’s size and enterprise customer base make it a proxy for broader business technology budgets in the US, Europe and Asia.
When is the Salesforce Q3 report and how to follow it
The report is expected around 4:00 pm to 4:05 pm ET when Salesforce typically releases results, ahead of the 12:00 pm ET / 5:00 pm London earnings call noted in this brief. Because the exact date has not been confirmed, investors should check Salesforce’s investor relations website closer to the date for the final confirmation, as is standard practice for companies that have not yet locked in a fiscal quarter’s reporting slot. Results are published as an SEC filing and press release, with the call streamed live via webcast on Salesforce’s investor relations site.
What to expect
A consensus forecast specifically for the December 2, 2026 report has not yet been published, as analyst estimates typically firm up in the weeks before the release. For context, analysts polled by AlphaQuery had pencilled in an average estimate of around $2.32 in earnings per share for the fiscal quarter ending October 31, 2026, though this figure will likely be revised as the date approaches, according to AlphaQuery’s earnings history data.
Analysts are likely to focus on three areas: subscription and support revenue growth, current remaining performance obligation (a measure of future contracted revenue not yet recognised), and adoption metrics for Agentforce, the company’s AI agent product. Guidance for the final quarter of the fiscal year will also be closely watched, since Salesforce has a history of issuing cautious forward guidance even after strong quarterly results.
In its most recent reported quarter, ended July 31, 2026 and announced on August 26, 2026, Salesforce posted earnings per share of $4.95, beating the average analyst estimate of $2.35, according to AlphaQuery. A verified table of the last four quarters’ revenue and EPS could not be confirmed against Salesforce’s own investor relations disclosures at the time of writing, so it has been omitted rather than risk publishing an unverified figure.
Currency movements are also worth watching around this release. Salesforce generates a meaningful share of its revenue outside the United States, so a strengthening dollar against the pound or euro can make its overseas sales look smaller when converted back into dollars, even if underlying demand in the UK or eurozone is stable. Analysts sometimes flag this “currency headwind” on the earnings call itself, and it is one reason a revenue miss does not always mean weaker actual demand.
What the outcome could mean

Scenario
Likely market read
Plain-English meaning

Beat on EPS and revenue, strong guidance
Shares likely rise; software sector sentiment improves
Businesses are still spending on Salesforce’s tools, a sign corporate technology budgets remain healthy

In line with estimates
Muted reaction, focus shifts to guidance commentary
Growth is steady but not accelerating; investors look for clues on next quarter

Miss on revenue or weak guidance
Shares likely fall; renewed scrutiny of enterprise software demand
Companies may be cutting back on software spending, a warning sign for the wider technology sector

What It Means for Your Money
Salesforce is a large constituent of major US indices such as the S&P 500 and the Dow Jones Industrial Average, so its results affect the value of workplace pensions and index funds held by millions of ordinary savers, even those who have never bought an individual share. A strong report can lift broader technology and software stocks, while a weak one can drag down sentiment across the sector, including European and Asian software firms with similar business models. The report has little direct effect on mortgage rates or everyday prices, but it can influence the dollar modestly if it shifts overall views on US corporate earnings strength, which in turn can move the pound and euro against the dollar on the day.
Retail investors following the report should remember that a single quarter rarely changes the underlying investment case for a company of Salesforce’s size. Sharp price swings on the day of results, up or down, often unwind within days once the wider market has absorbed the guidance commentary, so financial advisers generally caution against making large portfolio changes based on one earnings reaction alone.
Related events

Salesforce’s fiscal Q2 2027 earnings report, the previous quarter in this reporting cycle
Other major enterprise software earnings releases in the same window, which often move in sympathy with Salesforce
US Federal Reserve interest rate decisions, which influence how growth stocks like Salesforce are valued

Frequently Asked Questions
What time does Salesforce report earnings on December 2, 2026?
The earnings call is scheduled for 12:00 pm ET, which is 5:00 pm in London, though the exact date has not been confirmed by Salesforce.
Why is the date for this report estimated?
Salesforce had not confirmed its fiscal third-quarter 2027 reporting date at the time of writing; companies typically report roughly three months after the prior quarter, which is the basis for this estimate.
What was Salesforce’s most recent earnings result?
In the quarter ended July 31, 2026, reported on August 26, 2026, Salesforce posted earnings per share of $4.95, beating the average analyst estimate of $2.35, according to AlphaQuery.
Is there a consensus forecast for this report yet?
A consensus forecast has not yet been published for the December 2, 2026 report; estimates typically firm up closer to the confirmed date.
How does Salesforce’s earnings report affect ordinary investors?
Because Salesforce is held widely in pension funds and index-tracking investments, its results can move the value of retirement savings even for people who do not follow the stock directly.
← Previous CRM Quarterly Earnings

US Initial Jobless Claims: December 3, 2026
2026-12-03 08:30 - 09:30 (America/New_York)
Next US Initial Jobless Claims: Thursday, December 3, 2026 at 8:30 am ET (1:30 pm London).

Consensus
Not yet published
Prior
See November 19, 2026 report
Actual
Pending

Full schedule and background: US Initial Jobless Claims.
Updated September 2, 2026

← Previous US Initial Jobless Claims
The US Initial Jobless Claims report for the week ending November 28, 2026 is due on Thursday, December 3, 2026 at 8:30 am ET (1:30 pm London). It is published by the US Department of Labor and is one of the most timely gauges of the American labour market, counting how many people filed for unemployment benefits for the first time in the previous week. Full schedule and background: US Initial Jobless Claims.
What is the consensus forecast?
At the time of writing, a consensus forecast for this specific week has not yet been published. Economists surveyed by Reuters and Bloomberg typically publish their weekly claims estimates only a day or two before release, once more recent labour-market data is available. The prior week’s reading, covering the week ending November 19, 2026, is available in the November 19, 2026 report, and readers should check that page for the latest confirmed figure and its associated four-week moving average.

Measure
Prior
Consensus

Initial claims
See November 19, 2026 report
Not yet published

Continuing claims
See November 19, 2026 report
Not yet published

4-week moving average
See November 19, 2026 report
Not applicable

What the result could mean

Scenario
Likely market read
Plain-English meaning

Above consensus
Bond yields may fall, dollar could soften, on rising odds of Federal Reserve rate cuts
More people are losing jobs or struggling to find new ones than expected, a sign the labour market is weakening

In line with consensus
Muted market reaction, since traders had already priced in this outcome
The labour market is behaving broadly as economists expected, with no fresh surprises

Below consensus
Yields could rise and the dollar may firm, as a tight jobs market reduces the case for near-term rate cuts
Fewer people are filing for benefits than expected, suggesting employers are still holding onto staff

Basis points (bp) is a unit equal to one hundredth of a percentage point, commonly used to describe interest rate moves. Consensus refers to the average forecast among economists polled by news organisations such as Reuters or Bloomberg ahead of a data release.
Why it matters this week
Weekly claims data feed directly into how investors judge the health of the US labour market, which in turn shapes expectations for Federal Reserve policy. A sustained rise in claims tends to support the case for interest rate cuts, while a run of low readings can push back against that view. According to the Federal Reserve Bank of St. Louis, claims data is tracked closely alongside continuing claims and the four-week moving average, which smooths out weekly noise caused by holidays, seasonal hiring and one-off layoff announcements.
Because the report lands in early December, close to the holiday shopping season, seasonal adjustment factors can be less reliable than usual, and analysts often caution against reading too much into a single week’s number. The trend over several weeks tends to matter more than any individual release.
What It Means for Your Money
For savers, a weaker-than-expected claims report can nudge markets toward pricing in earlier or larger Federal Reserve interest rate cuts, which over time tends to reduce the returns on savings accounts and money market funds. For borrowers, the same data can flow through to mortgage rates, since long-term borrowing costs often track expectations for where the Fed is heading.
For anyone holding shares or pension funds invested in equities, a labour market that is cooling too quickly can unsettle stock markets even as it raises hopes of rate cuts, because it raises the risk of a broader economic slowdown. A resilient claims report, by contrast, tends to support confidence in continued spending and corporate earnings, though it can also delay hoped-for rate cuts.
The report can also move the value of the dollar against the pound and the euro. A weak US jobs picture can weigh on the dollar, making US holidays, imports and dollar-denominated investments slightly cheaper for UK and European households, while a strong labour market can have the opposite effect.
Frequently Asked Questions
What time is the December 3, 2026 jobless claims report released?
The report is released at 8:30 am ET, which is 1:30 pm in London, on Thursday, December 3, 2026.
What counts as a big miss on jobless claims?
There is no fixed threshold, but a move of more than around 20,000 to 30,000 claims away from the consensus forecast, once published, is generally viewed by traders as a significant surprise.
When is the next jobless claims report?
Initial jobless claims are released every Thursday by the US Department of Labor, so the next report covering the following week is due on Thursday, December 10, 2026.
← Previous US Initial Jobless Claims

US ISM Services PMI December 2026
2026-12-03 10:00 - 11:00 (America/New_York)
Next US ISM Services PMI: Thursday, December 3, 2026 at 10:00 am ET (3:00 pm London).
Date to be confirmed by the publisher; this is the scheduled date.

Consensus
A consensus forecast has not yet been published
Actual
Pending

Full schedule and background: US ISM Services PMI.
Updated September 2, 2026

← Previous US ISM Services PMI
The US ISM Services PMI for November 2026 is scheduled for release on Thursday, December 3, 2026 at 10:00 am ET (3:00 pm London), published by the Institute for Supply Management (ISM). The report covers business activity in the services sector, which accounts for the majority of US economic output, during November 2026. Full schedule and background: US ISM Services PMI.
What is the ISM Services PMI?
The ISM Services PMI (Purchasing Managers’ Index) is a monthly survey of purchasing and supply executives across the US services sector, covering industries such as finance, healthcare, retail, transport and hospitality. It is compiled from responses on business activity, new orders, employment, supplier deliveries and prices, and combined into a single headline number.
A reading above 50 signals that the services sector, taken as a whole, is expanding compared with the previous month. A reading below 50 signals contraction. Because services make up around three quarters of US private-sector activity, the index is one of the most closely watched gauges of the health of the broader economy, alongside its manufacturing counterpart.
Investors, economists and central bankers watch the report because it arrives early in the month and gives one of the first readings on how the economy performed, well before slower official data such as GDP. Markets in Europe and Asia also react to the release because a strong or weak US services sector affects global demand, US interest rate expectations and, in turn, currency and bond markets worldwide.
When is the November ISM Services PMI released?
The report is expected on Thursday, December 3, 2026 at 10:00 am ET (3:00 pm London), published directly by the Institute for Supply Management on its website. ISM has not yet confirmed this specific date at the time of writing. ISM typically publishes the Services PMI on the first, second or third business day of the month following the survey period, so the December 3 date reflects that usual pattern rather than a confirmed release calendar entry.
What is the consensus forecast?
A consensus forecast for the November 2026 ISM Services PMI has not yet been published. Economist surveys from data providers such as Reuters and Bloomberg are typically compiled only in the days immediately before release, and the prior reading for November 2026 (the October 2026 report, published in early November) had also not yet been released at the time this preview was written.

Measure
Prior
Consensus

Headline Services PMI
Not yet available
Not yet published

New Orders Index
Not yet available
Not yet published

Employment Index
Not yet available
Not yet published

Once economists’ estimates are published, typically in the week before release, this page will be updated with the prior reading and the consensus figure, both sourced from the official ISM release and reputable polling data.
What the result could mean

Scenario
Likely market read
What it means in plain English

Above consensus
Seen as a sign of resilient services activity, which economists surveyed by Bloomberg often link to reduced expectations of near-term interest rate cuts
The services side of the economy, where most people work, is holding up better than expected, which can support wages but keep borrowing costs higher for longer

In line with consensus
Typically produces limited market reaction, as analysts note the data confirms the existing view of the economy
The economy is behaving broadly as expected, so there is little new information for households or investors to react to

Below consensus
Often interpreted by economists as a sign of a slowing services sector, which can raise expectations that the Federal Reserve may ease policy sooner
Weaker demand for services could point to a softer jobs market and slower growth, which sometimes brings mortgage and loan rates down over time

These are possible market reactions based on how similar releases have historically been read by analysts, not predictions of the actual outcome.
Why does this release matter right now?
The Federal Reserve monitors services sector data closely because it captures where most American jobs and consumer spending activity sit, distinct from the smaller and more volatile manufacturing sector. Recent ISM Services readings have been watched for signs of whether elevated borrowing costs and sticky inflation are cooling demand for services such as travel, healthcare and financial services, or whether the sector continues to expand despite tighter monetary policy.
Any material change in the trend of this index, either an unexpected acceleration or a sharper slowdown, tends to move expectations for the Federal Reserve’s next interest rate decision, which in turn affects Treasury yields, the dollar and, by extension, other currencies including the pound and the euro.
What It Means for Your Money

Mortgages and loans: A stronger than expected services reading can push up expectations that interest rates will stay higher for longer, which tends to keep mortgage and loan rates elevated. A weaker reading can have the opposite effect over time.
Savings: If the data supports higher rates for longer, savers holding cash in interest-bearing accounts may continue to earn relatively attractive returns, though this can change quickly if the outlook shifts.
Jobs and wages: Because services employ the bulk of the US workforce, sustained weakness in this index can be an early warning of a softer jobs market, which matters for wage growth and job security.
Investments and pensions: Equity markets, including those held in pensions and index funds, often react to surprises in this data because it feeds into expectations for corporate earnings and interest rates.
Currencies: A surprise in either direction can move the dollar against the pound and the euro, affecting the cost of imports, the price of holidays abroad and returns on overseas investments for UK and European investors.

Related events

Previous release: US ISM Services PMI, November 2026
ISM Manufacturing PMI, typically released a few business days earlier in the same week
US nonfarm payrolls report, usually released the Friday of the same week, which offers a complementary read on the labour market

Frequently Asked Questions
What time is the ISM Services PMI released?
The report is released at 10:00 am ET, which is 3:00 pm in London, on the scheduled release day.
How do I read the ISM Services PMI number?
A figure above 50 indicates the services sector is expanding compared with the previous month, while a figure below 50 indicates contraction.
How does this report affect interest rates?
Central banks, including the Federal Reserve, use this data as one input among many when assessing economic momentum, so a surprise reading can shift market expectations for future interest rate decisions, though it rarely changes policy on its own.
Where can I find the official release?
The official report is published directly by the Institute for Supply Management on its website, ismworld.org.
When is the next ISM Services PMI released?
The following report, covering December 2026 data, is typically published on the first few business days of January 2027, in line with ISM’s usual monthly schedule.
← Previous US ISM Services PMI

US Employment Situation (Non-Farm Payrolls) December 2026
2026-12-04 08:30 - 09:30 (America/New_York)
Next US Employment Situation (Non-Farm Payrolls): Friday, December 4, 2026 at 8:30 am ET (1:30 pm London). Covers November 2026 data.

Consensus
Not yet published
Actual
Pending

Full schedule and background: US Employment Situation (Non-Farm Payrolls).
Updated August 25, 2026

← Previous US Employment Situation (Non-Farm Payrolls)
The US Bureau of Labor Statistics (BLS) will release the Employment Situation report for November 2026 on Friday, December 4, 2026, at 8:30 a.m. Eastern Time. The report will be the final major labour market data point before the Federal Open Market Committee (FOMC) meets on December 9, 2026, for the last rate decision of the year.

At a Glance

Release date: Friday, December 4, 2026, at 8:30 a.m. ET
Publishing body: US Bureau of Labor Statistics (BLS)
Reference month: November 2026
Most recent reading: +172,000 jobs, unemployment 4.3% (May 2026)
Market impact: High

What is the Employment Situation Report?
The Employment Situation is the most closely watched monthly economic release in the United States, published by the BLS on the first Friday of each month. It covers two separate surveys: the establishment survey (non-farm payroll employment and average hourly earnings) and the household survey (unemployment rate and labour force participation). Together, they form the most comprehensive monthly snapshot of the US labour market.
The headline non-farm payrolls (NFP) figure measures the net change in employment across all non-agricultural industries. Beyond the headline, analysts examine the unemployment rate, wage growth, labour force participation, and revisions to prior months.
The December 2026 release covers November 2026 employment data, arriving just five days before the FOMC’s year-end meeting.
US Employment Situation Release: December 4, 2026
The December 4 release will provide the final major labour market snapshot of 2026, covering November employment. This report takes on exceptional significance because it falls just five days before the FOMC’s December 9 meeting, leaving almost no time for the data to be fully absorbed before the rate decision. The most recent reading showed +172,000 jobs in May 2026, above the forecast of 85,000, with unemployment at 4.3%.
By December, the US labour market will have had a full year of 2026 data accumulated. Whether the recovery from 2025’s extreme weakness (averaging just 15,000 jobs per month) has been sustained through the year, or whether the cumulative impact of elevated interest rates has begun to crimp hiring, will be fully visible by November’s data. Consensus forecasts will be available closer to the release.
Why This Employment Report Matters
The December 4 release is perhaps the highest-impact NFP of the entire year precisely because of its timing. With the FOMC convening five days later, a significant surprise in either direction will trigger an immediate repricing of December rate expectations. The BLS will not release another major labour market report before the December 9 FOMC decision.
The November payrolls figure will form part of a final pre-meeting data package alongside the December 10 CPI (though this comes the day after the FOMC) and the November PCE data due November 25. If the November NFP shows the labour market has significantly cooled, the case for a December rate cut becomes much stronger. Conversely, a robust payrolls print could push the Fed to hold, deferring any easing to 2027.
For year-end financial markets, the December 4 NFP is also significant in the context of portfolio rebalancing. Institutional investors making final positioning decisions for 2026 will watch the report closely, and any significant surprise could trigger larger-than-usual moves as investors adjust their 2027 outlooks.
What to Watch For

Above consensus: A strong reading above expectations would significantly reduce the probability of a December rate cut and could push the first 2027 cut to March or later. Treasury yields would rise, the US dollar would strengthen, and equities could face selling pressure as rate-cut expectations are pushed back into the new year.
In line with consensus: A reading matching expectations would keep the December FOMC decision dependent on the full data picture, including November PCE data released on November 25. The FOMC statement and press conference language would carry more weight than the NFP data in this scenario.
Below consensus: A weak reading, particularly if accompanied by a rising unemployment rate, would strongly increase the probability of a December cut and potentially put a 50 basis point reduction on the table. Bonds and equities would rally in anticipation of easing; the US dollar would weaken. This outcome would represent a significant turn in the labour market narrative.

Given the report’s proximity to the FOMC meeting, even a modest surprise in either direction could generate outsized market moves. Liquidity also begins to thin in early December as the holiday trading period approaches, which may amplify reactions.
Historical Context

Month
Jobs Added
Unemployment Rate

May 2026
+172,000
4.3%

April 2026 (revised)
+179,000
4.3%

March 2026 (revised)
+185,000
4.3%

January 2026
+130,000
4.4%

May 2025
+139,000
—

January 2025
+143,000
—

Source: US Bureau of Labor Statistics. Revised figures as of the June 2026 release. 2025 data reflects a period of significantly subdued job growth averaging approximately 15,000 per month.
Market Positioning
The December 4 NFP arrives as investors are setting year-end positions and looking ahead to 2027 strategy. The combination of the December 4 employment report, the December 9 FOMC meeting, and the December 10 CPI will constitute one of the most data-dense weeks of the year. Markets will be sensitive to all three releases in rapid succession, with the cumulative effect shaping the risk environment into the new year.
Year-end positioning considerations amplify volatility around this release. Portfolio managers closing the year may use a strong or weak NFP to catalyse final adjustments, meaning the market reaction could be disproportionate to the actual data versus expectations gap.
Related Events

FOMC Rate Decision December 2026 – The Federal Reserve’s final rate decision of 2026 on December 9, just five days after this release, making this one of the most consequential NFP reports of the year.
US CPI Report December 2026 – The November 2026 inflation reading on December 10, completing the macro data picture alongside this employment report.
RBA Rate Decision December 2026 – The Reserve Bank of Australia’s December meeting on December 8, the day before the FOMC, providing a global central bank context for year-end monetary policy.

Frequently Asked Questions
What does the December NFP cover?
The December 2026 Employment Situation report covers labour market activity during November 2026, including the number of jobs added or lost, the unemployment rate, average hourly earnings, and labour force participation. The report covers both the establishment survey (payrolls) and the household survey (unemployment).
When is the December 2026 NFP released?
The December 2026 Employment Situation report will be released on Friday, December 4, 2026, at 8:30 a.m. Eastern Time. The report covers labour market activity during November 2026.
Why is the December NFP particularly market-sensitive?
The December 4 release comes just five days before the FOMC rate decision on December 9, making it the final major labour market reading before the Fed’s last 2026 policy decision. Combined with year-end positioning by institutional investors and thinning holiday liquidity, any significant payrolls surprise is likely to generate an amplified market reaction across bonds, equities, and the US dollar.
Featured image: Photo by Zoshua Colah on Unsplash.

Canada Labour Force Survey December 2026
2026-12-04 08:30 - 09:30 (America/New_York)
Next Canada Labour Force Survey: Friday, December 4, 2026 at 8:30 am ET (1:30 pm London).

Consensus
Not yet published
Prior
6.7% unemployment (February 2026, latest verified reading)
Actual
Pending

Full schedule and background: Canada Labour Force Survey.
Updated August 25, 2026

← Previous Canada Labour Force Survey
Statistics Canada publishes the Labour Force Survey for December 2026 on Friday, December 4, 2026, at 8:30 am ET (1:30 pm London). The release covers the reference week for November 2026 and reports the national unemployment rate, employment change, wages and hours worked. Full schedule and background: Canada Labour Force Survey.
What is the Labour Force Survey?
The Labour Force Survey (LFS) is Statistics Canada’s monthly household survey of roughly 56,000 households. It is the official source of Canada’s unemployment rate, employment level and participation rate, and it is the Canadian equivalent of the US non-farm payrolls report. Interviewers ask a rotating sample of Canadians about their work status during a specific reference week, then Statistics Canada seasonally adjusts the results and publishes them as “The Daily”.
The headline figures are the unemployment rate (the share of the labour force that is out of work and actively looking), the net change in employment (jobs added or lost since the previous month) and the participation rate (the share of the working-age population either working or looking for work). Analysts also watch full-time versus part-time job creation and average hourly wage growth, because these details show whether new jobs are secure and well paid.
The Bank of Canada uses the LFS, alongside inflation data, to judge how much slack remains in the economy when it sets its overnight interest rate. A weakening labour market with rising unemployment tends to support the case for cutting rates, while resilient job growth can keep the central bank cautious about easing further.
When is the December Labour Force Survey released?
Statistics Canada releases the report at 8:30 am ET (1:30 pm London time) on Friday, December 4, 2026, through its “The Daily” bulletin on the StatCan website. The LFS is normally published on the first Friday of each month and covers data collected in the reference week of the previous month, so the December release reports on labour market conditions in November 2026.
What is the consensus forecast?
As of publication, a consensus forecast for the December 2026 release (covering November 2026) has not yet been published. Economists’ median estimates for unemployment rate and job change are typically compiled by Reuters and Bloomberg in the days immediately before the release, once StatCan payroll and vacancy data for the reference month are available. Check back closer to December 4, 2026 for the latest survey of forecasters.
The most recent confirmed reading available is the February 2026 report, which showed the unemployment rate at 6.7%, up from 6.5% in January 2026, according to Trading Economics. The table below tracks the unemployment rate over the six most recent verified prints.

Measure
Prior print
Consensus

Unemployment rate
6.7% (February 2026)
Not yet published

Net employment change
-84,000 (February 2026)
Not yet published

What the result could mean

Scenario
Likely market read
What it means in plain English

Above consensus (stronger jobs, lower unemployment)
Markets could trim expectations for a Bank of Canada rate cut, and the Canadian dollar could firm against the US dollar and the euro
More people are working and earning, which tends to support consumer spending, though it can also mean borrowing costs stay higher for longer

In line with consensus
A muted reaction is likely, with the Bank of Canada’s rate path left broadly unchanged
The labour market is behaving roughly as expected, so mortgage and savings rates are unlikely to move much on this data alone

Below consensus (weaker jobs, higher unemployment)
Markets could increase bets on a Bank of Canada rate cut, and the Canadian dollar could soften
Fewer jobs or rising unemployment can point to a slowing economy, which sometimes leads to lower borrowing costs down the line but also signals more households facing job insecurity

These are possible market reactions cited for illustration, not predictions. Actual moves depend on the scale of any surprise and on other data released around the same time, including US employment figures and Canadian inflation readings.
Why does this release matter right now?
Canada’s unemployment rate spent much of 2025 climbing from just over 6% to a four-year high of 7.1% in September 2025, before easing to 6.9% in October and 6.5% in November as employment rose for two consecutive months, according to Statistics Canada’s Labour Force Survey release for November 2025. The rate then ticked back up to 6.8% in December 2025 as more people searched for work, per Statistics Canada’s December 2025 Daily bulletin, before falling to a 16-month low of 6.5% in January 2026 and rising again to 6.7% in February 2026 as employment fell by roughly 84,000, according to Trading Economics.
Statistics Canada has noted that 2025’s labour market faced headwinds “in part due to the economic uncertainty introduced by the threat or imposition of tariffs on exports to the United States”. The Bank of Canada is watching whether that trade-related drag continues to show up in construction, manufacturing and export-linked sectors, or whether hiring in health care, retail and services keeps offsetting it. Each LFS print through 2026 will help the central bank judge whether the labour market is cooling gradually or losing momentum more sharply, which feeds directly into its interest rate decisions.
What It Means for Your Money

Mortgages and rates: A weaker jobs report tends to raise the odds of a Bank of Canada rate cut, which can eventually lower variable mortgage rates and lines of credit for Canadian borrowers. A stronger report can do the opposite, keeping borrowing costs higher for longer.
Savings: Interest paid on savings accounts and guaranteed investment certificates tends to move in the same direction as the Bank of Canada’s policy rate, so a softer labour market that points to future rate cuts can mean lower returns on cash savings over time.
Jobs and wages: The headline employment change and wage growth figures give the clearest read on whether it is getting easier or harder to find work, and whether pay rises are keeping pace with the cost of living.
Investments and pensions: Canadian equities and bonds can react to surprises in either direction, since a cooling labour market often supports bond prices (lower yields) while a resilient one can support bank and consumer-facing stocks.
Currencies: A weaker-than-expected report can pressure the Canadian dollar lower against the US dollar, the pound and the euro, which affects the cost of imports, cross-border travel and returns for UK and European investors holding Canadian assets.

Related events

Previous release: Canada Labour Force Survey, November 2026
Full series background and schedule: Canada Labour Force Survey hub page
US non-farm payrolls, typically released the same week, offers a comparable read on the North American labour market

Frequently Asked Questions
What time is the Canada Labour Force Survey released?
Statistics Canada releases the report at 8:30 am ET, which is 1:30 pm in London, on Friday, December 4, 2026.
How do I read the unemployment rate figure?
The unemployment rate is the share of the labour force without a job who are actively looking for one. A rising rate generally signals a cooling job market, while a falling rate signals a tightening one.
How does this report affect Bank of Canada interest rate decisions?
The Bank of Canada weighs labour market slack alongside inflation when setting its overnight rate. Persistent job losses or a rising unemployment rate can support the case for interest rate cuts, while strong, sustained hiring can argue for holding rates steady.
Where can I find the official release?
The report is published on Statistics Canada’s website under “The Daily” and in table 14-10-0287-01 of its data tables.
When is the next Labour Force Survey released?
Statistics Canada typically releases the LFS on the first Friday of each month, so the following report covering December 2026 data is expected in early January 2027.
← Previous Canada Labour Force Survey

Japan GDP December 2026
2026-12-07 18:50 - 19:50 (America/New_York)
Next Japan GDP: Tuesday, December 8, 2026 at 8:50 am JST (6:50 pm ET, 11:50 pm London). Covers Q3 2026 data.

Consensus
Not yet published
Prior
Q2 2026: +1.1% annualized (second preliminary, revised down from Q1's +1.8%)
Actual
Pending

Full schedule and background: Japan GDP.
Updated September 2, 2026

← Previous Japan GDP
Japan’s second preliminary (revised) gross domestic product report for the July to September 2026 quarter is due on Tuesday, December 8, 2026, at 8:50 am Japan Standard Time, which is 6:50 pm ET on Monday, December 7 and 11:50 pm in London the same evening. The figures are published by Japan’s Cabinet Office through its Economic and Social Research Institute (ESRI). Full schedule and background: Japan GDP.
What is Japan’s GDP report?
Gross domestic product measures the total value of goods and services produced in an economy over a set period. Japan’s Cabinet Office publishes GDP for each quarter twice: a “first preliminary” estimate roughly six weeks after the quarter ends, followed by this “second preliminary” release around six weeks later, once more complete data on capital spending and inventories become available.
The headline figures are usually quoted three ways: the quarter-on-quarter change, an annualized rate (what the quarterly change would look like if repeated for four quarters), and the year-on-year change. Analysts also watch the underlying components, private consumption, business investment, government spending and net trade (exports minus imports), because these show where growth or weakness is coming from.
Markets watch Japanese GDP closely because it feeds directly into the Bank of Japan’s policy decisions on interest rates and its assessment of whether wage and price growth is durable enough to justify further tightening.
When is the December GDP report released?
The Cabinet Office is scheduled to release the second preliminary estimate for the July to September 2026 quarter on December 8, 2026 at 8:50 am local time, published on the ESRI Quarterly Estimates of GDP page. This revised release covers the same July to September quarter as the first preliminary estimate published in mid-November 2026, but incorporates updated corporate and public investment data that were not available for the earlier reading.
What is the consensus forecast?
A consensus forecast for the December 8, 2026 release has not yet been published, as economist surveys for Japanese GDP revisions are typically compiled only in the days immediately before the release. Once the first preliminary estimate for Q3 2026 is published in mid-November 2026, that figure becomes the effective “prior” for this revision, and analysts build their forecasts around expected changes to capital expenditure and inventory data.
For context, Japan’s most recently confirmed reading at the time of writing is the second preliminary estimate for Q2 2026 (April to June), which showed annualized growth of 1.1%, easing from an upwardly revised 1.8% (originally 2.1%) in Q1 2026, according to Trading Economics.

Measure
Prior (Q1 2026, revised)
Q2 2026 (revised)

GDP, annualized q/q
+1.8%
+1.1%

GDP, quarter-on-quarter
+0.5%
+0.3%

What the result could mean

Scenario
Likely market read
What it means in plain English

Revised upward from the first preliminary
Yen could firm modestly and Japanese government bond yields may edge higher, as stronger growth supports the case for further Bank of Japan rate normalisation
The economy grew more than first thought, usually because business investment or exports were revised up

In line with the first preliminary estimate
Limited market reaction, since the figure confirms the picture already priced in after the mid-November release
The initial reading holds up once fuller data are added

Revised downward, or a contraction confirmed
Yen could soften and expectations for near-term Bank of Japan tightening may be pushed back, according to commentary from economists tracked by TradingView on prior GDP revisions
The economy grew less than first estimated, often reflecting weaker capital spending or public investment than initially recorded

These are possibilities drawn from how markets have reacted to past Japanese GDP revisions, not predictions of what will happen on December 8, 2026.
Why does this release matter right now?
The Bank of Japan has been gradually moving away from decades of near-zero interest rates, and GDP data feed directly into its judgement on how much slack remains in the economy. Growth slowed from an annualized 1.8% in the first quarter of 2026 to 1.1% in the second, with Trading Economics noting that private consumption made no contribution to growth in Q2 amid rising living costs, while capital spending weakened further.
Exports have also been under pressure from US tariff policy through 2026, a theme that analysts expect to continue weighing on the July to September quarter. Any downward revision to business investment or public spending in this release would reinforce concerns that momentum is fading heading into 2027, which matters for how quickly, or slowly, the Bank of Japan can continue raising rates.
What It Means for Your Money

Mortgages and borrowing in Japan: weaker GDP revisions could slow the pace of Bank of Japan rate rises, keeping Japanese mortgage and loan rates lower for longer; stronger data could do the opposite.
Savings: higher Japanese interest rates, if growth data support them, would gradually improve returns on yen deposits after years of near-zero rates.
Jobs and wages: sustained GDP growth supports the wage negotiations that feed into Japan’s annual “shunto” spring wage round, which the Bank of Japan watches closely.
Currencies: a stronger than expected reading tends to support the yen against the dollar and euro, which affects the cost of Japanese imports and the returns UK and European investors get on yen-denominated assets.
Investments and pensions: Japanese equities and government bonds, widely held in global pension funds, can move on GDP surprises, and yen strength or weakness affects the sterling or dollar value of unhedged Japanese holdings.

Related events

Previous release: Japan GDP, November 2026, the first preliminary estimate for the same July to September 2026 quarter.
Bank of Japan policy decisions, which draw directly on GDP and wage data when setting interest rates.
Japan’s monthly trade balance and industrial production releases, which feed into the net trade and output components of GDP.

Frequently Asked Questions
What time is Japan’s December GDP report released?
It is released at 8:50 am Japan Standard Time on December 8, 2026, which is 6:50 pm ET on December 7 and 11:50 pm in London.
Why does Japan publish GDP twice for the same quarter?
The first preliminary estimate uses incomplete data to give a quick read, while the second preliminary estimate, due on December 8, 2026, incorporates fuller corporate and public investment figures that arrive later.
How does this GDP data affect Bank of Japan interest rate decisions?
The Bank of Japan uses GDP growth and its components, particularly consumption and investment, to judge how much room the economy has to absorb higher interest rates without weakening demand.
Where can I find the official Japanese GDP release?
The Cabinet Office publishes the data through its Economic and Social Research Institute at esri.cao.go.jp.
When is the next Japan GDP release after this one?
The next release is the first preliminary estimate for the October to December 2026 quarter, expected in mid-February 2027, though the exact date is confirmed closer to the time on the ESRI schedule.
← Previous Japan GDP

RBA Rate Decision December 2026
2026-12-08 00:00 - 23:59 UTC
Next RBA Rate Decision: Tuesday, December 8, 2026 at 2:30 pm AEST (10:30 pm ET, 3:30 am London).

Consensus
Not yet published
Actual
Pending

Updated August 25, 2026

← Previous RBA Rate Decision
The Reserve Bank of Australia (RBA) will announce its final interest rate decision of 2026 on Tuesday, 8 December 2026, at 2:30 pm AEST. The Monetary Policy Board meets over two days (7-8 December), with the outcome published on the second day, followed by a Governor’s press conference at 3:30 pm. As of May 2026, the cash rate target stands at 4.35% following three consecutive hikes in 2026 that reversed all the cuts made in 2025.
RBA Rate Decision: December 8, 2026
December’s meeting is the eighth and final Monetary Policy Board decision of 2026. It comes without a quarterly Statement on Monetary Policy (the November meeting carries the SMP), making it a shorter, more focused decision. By December, the Board will have a comprehensive picture of how Australian economic conditions have evolved across the full year: whether the three hikes of early 2026 have succeeded in bringing inflation back toward the 2-3% target band, and whether further tightening is required or whether the cycle has peaked.
The current cash rate of 4.35% matches the peak reached in late 2023, before the RBA began cutting in February 2025. The three hikes of 2026 (February, March, and May) were driven by a re-acceleration of underlying inflation, a persistently tight labour market, and rising energy and food prices linked to the Middle East conflict. All three cuts of 2025 have now been fully reversed. Markets have been pricing approximately one additional 25 basis point hike to 4.60% by year-end, though the timing has remained uncertain.
The December decision will be announced at 2:30 pm AEST on Tuesday, 8 December 2026, followed by a press conference at 3:30 pm AEST.
What to Expect
By December 2026, the RBA will have assessed several months of additional inflation data. The key question is whether underlying inflation has moderated sufficiently to justify a pause, or whether it remains stubbornly elevated, warranting a further hike to 4.60%. The RBA’s trimmed mean inflation measure, published by the Australian Bureau of Statistics (ABS) with each quarterly CPI release, is the Board’s preferred gauge of underlying price pressures, stripping out volatile items such as fuel and fresh produce.
The Australian labour market has remained remarkably resilient through 2026’s hiking cycle. Unemployment has stayed near multi-decade lows, and wage growth has remained above levels consistent with the 2-3% inflation target over a sustained period. A persistent mismatch between labour demand and supply contributes to services inflation, which the RBA has flagged as a structural concern.
Global factors will also weigh on the December decision. Conditions in China, Australia’s largest trading partner, are critical to commodity export revenues and domestic economic confidence. The trajectory of US Federal Reserve policy and global financial conditions will influence the Australian dollar and imported inflation. By December, the Board will have the benefit of several additional data points on global growth, trade, and commodity prices.
If inflation data between August and November 2026 shows a sustained return toward the target band, the Board may signal that the hiking cycle has peaked and that the next move could eventually be a cut. If inflation proves more persistent, a hike in December to 4.60% remains possible. The RBA’s communication leading into the December meeting, including any public speeches by the Governor or Deputy Governor, will be closely monitored for signals.
Cash Rate Decision History

Date
Decision
Rate
Vote

May 2026
Hike +25bp
4.35%
8-1

March 2026
Hike +25bp
4.10%
Majority

February 2026
Hike +25bp
3.85%
Majority

November 2025
Hold
3.60%
Majority

September 2025
Hold
3.60%
Majority

August 2025
Cut 25bp
3.60%
Majority

May 2025
Cut 25bp
3.85%
Majority

February 2025
Cut 25bp
4.10%
Majority

Market Impact Scenarios

Hold at 4.35% (base case) – If underlying inflation is tracking back toward the 2-3% band, a hold is the most likely outcome. The Australian dollar (AUD) would hold steady against major currencies. Australian government bond yields would see limited movement. The ASX 200 would likely react positively to confirmation that the hiking cycle has peaked, with rate-sensitive sectors including property and financials outperforming. The Board’s statement would focus on when, not whether, the next move might be a cut.
Hike 25bp to 4.60% – A hike in December would signal that the Board views inflation as not yet sufficiently tamed. The AUD would strengthen against the US dollar and euro. Bond yields would rise. The ASX 200 would likely fall, with mortgage-sensitive sectors including banks and residential property under pressure. Australian households carry high levels of variable-rate debt, making further hikes particularly sensitive for consumer confidence.
Cut 25bp to 4.10% – A cut at the December meeting would be a significant surprise and would require a sharp moderation in both headline and underlying inflation to well within the target band. The AUD would weaken sharply. Bond prices would rally. Such a move is unlikely given the recent hiking cycle but cannot be entirely excluded if growth slows sharply through the second half of 2026.

Statement and Press Conference
Following the 2:30 pm AEST announcement, RBA Governor Michele Bullock will hold a press conference at 3:30 pm AEST to explain the Board’s decision and answer media questions. The post-decision statement will be scrutinised for any change in language about the Board’s assessment of inflation risks and the future path of the cash rate. As a non-SMP meeting, the statement will be shorter than the quarterly reports but still provides the primary communication channel for the Board’s current thinking.
The minutes of the December meeting will be published two weeks after the decision. They provide a more detailed account of the Board’s deliberations and are used by economists and market participants to assess the distribution of views within the Board. Any shift toward a more dovish tone in the minutes, or a reduction in the number of members favouring further hikes, would be taken as a signal that the tightening cycle has run its course.
Related Events

FOMC Rate Decision December 2026 – The US Federal Reserve’s December decision, which will influence global monetary conditions and the AUD/USD rate ahead of the RBA’s announcement.
ECB Rate Decision December 2026 – The European Central Bank’s December decision, providing broader context for global monetary policy heading into year-end 2026.
Bank of England MPC Rate Decision December 2026 – The BoE’s December decision on 17 December, another major central bank decision in the same month.

Frequently Asked Questions
What is the RBA’s inflation target and how does the cash rate affect it?
The Reserve Bank of Australia targets CPI inflation of 2-3% on average over the medium term. The cash rate target is the primary monetary policy tool: raising rates increases borrowing costs, dampening spending and investment, which in turn reduces inflationary pressure. Cutting rates does the opposite. The trimmed mean CPI, which strips out the most volatile price movements, is the Board’s preferred underlying inflation gauge.
When will the December 2026 RBA decision be announced?
The decision will be published at 2:30 pm AEST (3:30 am GMT) on Tuesday, 8 December 2026, following a two-day Monetary Policy Board meeting on 7-8 December. The Governor’s press conference follows at 3:30 pm AEST.
How does the RBA cash rate affect Australian mortgages?
The RBA cash rate directly influences variable-rate mortgage rates offered by Australian banks. Australia has a high proportion of variable-rate and short-fixed-term mortgages relative to other developed economies, meaning rate changes flow through quickly to household budgets. A 25 basis point increase in the cash rate typically adds approximately A$75-100 per month to repayments on a A$500,000 variable mortgage. Rate-sensitive property markets, particularly Sydney and Melbourne, watch RBA decisions closely.
Featured image: Photo by Fabian Mardi on Unsplash.

US International Trade Balance December 2026
2026-12-08 08:30 - 09:30 (America/New_York)
Next US International Trade Balance: Tuesday, December 8, 2026 at 8:30 am ET (1:30 pm London). Covers November 2026 data.

Consensus
Not yet published
Actual
Pending

Updated August 25, 2026

← Previous US International Trade Balance
The U.S. Bureau of Economic Analysis (BEA) and the U.S. Census Bureau will jointly release the US International Trade in Goods and Services report for October 2026 on Tuesday, December 8, 2026, at 8:30 a.m. Eastern Time. The release covers US exports and imports of goods and services during October, providing the final major monthly trade reading of the year before the December Federal Reserve (Fed) meeting. Consensus forecasts for October 2026 trade are not yet available at the time of writing. The release date was confirmed via the Census Bureau’s FT-900 press release schedule.
What Is the US International Trade Balance Report?
The US International Trade in Goods and Services (FT-900) is a joint monthly release from the BEA and the Census Bureau. It measures the value of all US cross-border trade in goods (physical merchandise) and services (financial services, travel, intellectual property, and other cross-border transactions). The headline figure is the net deficit or surplus: the United States has run a persistent goods deficit for decades, partially offset by a structural services surplus in areas such as finance, software, and travel exports.
The trade balance feeds directly into the national accounts. Wider deficits subtract from GDP, while narrower deficits add to growth. Monthly trade data is also incorporated into the Bureau of Economic Analysis’s advance GDP estimates, meaning that this December 8 release covering October will provide important context for analysts modelling Q4 2026 GDP. The report is released approximately five to six weeks after the reference month ends and is subject to later revision.
Trade Balance Report: December 8, 2026
The December 8 release covers October 2026 trade flows and arrives the day before the Federal Reserve’s December 9-10 FOMC meeting begins. The FOMC will use October trade data alongside CPI, PPI, retail sales, employment, and housing figures in its final assessment of 2026 economic conditions before setting the policy rate for the period ahead. This makes the December 8 release timing particularly notable: it is one of the last major economic data points the Fed will receive before its year-end meeting.
October 2026 will be an important reference month for trade, as it represents the start of the holiday import surge that typically occurs as US retailers stock up on consumer goods for the November-December shopping season. Historical patterns show that October imports often rise sharply versus September, widening the goods deficit before partially retracing in January. Markets will assess whether October 2026 follows this seasonal pattern or whether tariff-adjusted supply chains have altered the typical rhythm of import flows.
The most recently available data (April 2026, published June 9) showed a deficit of $60.3 billion. The trend in early 2026 stabilised in the $55-60 billion range after the December 2025 spike to $70.3 billion attributable to pre-tariff import front-loading. By December 8, additional monthly trade readings for May through September will have been published, providing a fuller picture of the 2026 trend.
Why This Report Matters
The December 8 trade balance release is particularly significant for several reasons. First, it provides the October trade data that feeds into Q4 2026 GDP calculations, complementing consumer spending, business investment, and government expenditure data that will also be released during Q4. Second, it arrives the day before the FOMC begins its December meeting, making it a timely input to the Fed’s final 2026 policy deliberations. Third, as the last monthly trade balance release of the year, it provides analysts with an opportunity to assess the full-year 2026 trade deficit trajectory.
For currency markets, a widening October deficit driven by the typical pre-holiday import surge could exert modest pressure on the US dollar, while a narrowing deficit would be constructive. Energy trade flows — US crude oil, LNG, and refined products exports — remain a critical variable, as shifts in energy trade can significantly alter the goods deficit independently of manufactured goods trends. The RBA Rate Decision December 8, 2026 falls on the same day, making it a busy session for global macro markets.
What to Watch For

Above consensus (wider deficit) — A wider-than-expected October deficit would reflect strong import demand ahead of the holiday season, signalling robust domestic spending but subtracting from GDP arithmetic. A particular widening in consumer goods imports would be a direct read on holiday retail sentiment.
In line with consensus — A result matching expectations would have limited standalone market impact. Markets would look to the services surplus, the energy trade component, and prior-month revisions for directional signals.
Below consensus (narrower deficit) — A narrower deficit would be constructive for GDP estimates and would provide a positive surprise for the dollar and bond yields. A narrowing driven by export growth would be particularly bullish for internationally exposed US sectors.

Historical Context

Release Date
Reference Month
Deficit (Goods & Services)
Note

June 9, 2026
April 2026
-$60.3B
Wider than estimate

May 5, 2026
March 2026
-$60.3B
In line with estimate

April 2, 2026
February 2026
-$57.3B
Narrower than estimate

March 2026
January 2026
-$54.5B
—

February 2026
December 2025
-$70.3B
Pre-tariff surge; largest in 2025-26

January 2026
November 2025
-$53.0B
—

Market Positioning
The December 8 trade balance release sits at the intersection of three major market themes: the end-of-year holiday import cycle, the FOMC’s December rate decision, and year-end portfolio positioning. The trade data will feed into GDP nowcast models for Q4 2026 and influence how analysts and strategists frame their year-end economic assessments. Combined with the October CPI and PPI data (released earlier in November), the December 8 trade print will give markets a comprehensive view of October economic conditions just one day before the Federal Reserve convenes for its final 2026 meeting.
As context, the full-year 2025 trade deficit was approximately $900 billion on an annual basis. The trajectory of the 2026 monthly readings will determine whether the annual deficit has widened further or has begun to narrow as tariff-driven import patterns normalise and US export competitiveness adjusts to the new trade policy environment. The US CPI Report December 2026, released December 10, will complement this trade data with the latest inflation reading as markets head into year-end.
Related Events This Week

FOMC Rate Decision December 2026 — The Fed’s December 9-10 meeting begins the day after this trade release, making December 8 trade data one of the final inputs before the year-end monetary policy decision.
RBA Rate Decision December 2026 — The Reserve Bank of Australia also announces on December 8, making it a busy global central bank and economic data day.
US CPI Report December 2026 — Released December 10, just two days after the trade balance, completing the major inflation picture for the October reference month period.

Frequently Asked Questions
What does the US International Trade Balance report measure?
The report measures the difference in value between all US exports and imports of goods and services during the reference month. A negative figure is a trade deficit; a positive figure is a surplus. The US has run a persistent goods deficit for decades, partially offset by a services surplus. The report is published jointly by the BEA and the Census Bureau under the designation FT-900.
When is the December 2026 trade balance report released?
The October 2026 trade data will be published on Tuesday, December 8, 2026, at 8:30 a.m. Eastern Time. This date was confirmed via the Census Bureau’s foreign trade press release schedule.
Why does trade balance data matter for the Federal Reserve?
The trade balance influences GDP directly via the net exports component. If the deficit widens more than expected, it subtracts from GDP growth and can prompt downward revisions to economic output estimates. Trade data also provides information about domestic demand (via import volumes), export competitiveness, and the relative strength of the US economy versus its trading partners. All of these factors inform the FOMC’s dual mandate assessment of growth and inflation when setting monetary policy.

RBNZ Rate Decision December 2026
2026-12-08 20:00 - 21:00 (America/New_York)
Next RBNZ Rate Decision: Wednesday, December 9, 2026 at 2:00 pm NZDT (8:00 pm ET, 1:00 am London).

Consensus
Not yet published
Prior
Hiked to 2.50% (July 8, 2026)
Actual
Pending

Full schedule and background: RBNZ Rate Decision.
Updated September 2, 2026

← Previous RBNZ Rate Decision
The Reserve Bank of New Zealand’s Monetary Policy Committee announces its Official Cash Rate (OCR) decision on Wednesday, December 9, 2026, at 2:00 pm NZDT, which is 8:00 pm ET on Tuesday, December 8, and 1:00 am London time on December 9. The RBNZ sets New Zealand’s benchmark interest rate, which most recently stood at 2.50% following a hike at the July 2026 meeting. Full schedule and background: RBNZ Rate Decision hub page.
What is the RBNZ Monetary Policy Committee and what does it decide?
The Monetary Policy Committee (MPC) is the body inside the Reserve Bank of New Zealand responsible for setting the Official Cash Rate, the interest rate that influences borrowing costs across the New Zealand economy. It is a six-person panel that includes the Governor and internal and external members, and it operates under a remit from the government to keep annual inflation between 1% and 3%, with a focus on the 2% midpoint, while supporting maximum sustainable employment.
Unlike some central banks that publish individual votes as a matter of course, the RBNZ’s committee generally seeks to reach decisions by consensus, though splits do occur and are recorded in the meeting minutes. The committee meets seven times a year, roughly every six to seven weeks, and each decision is accompanied by a written statement explaining the reasoning.
Four times a year the OCR announcement is paired with a Monetary Policy Statement, a longer document setting out the RBNZ’s economic forecasts, including its projected path for the OCR itself, commonly referred to by traders as the interest rate track.
When is the December RBNZ decision announced?
The decision is released at 2:00 pm New Zealand time on December 9, 2026, alongside a statement from the Monetary Policy Committee. If this meeting coincides with a quarterly Monetary Policy Statement, the RBNZ also publishes updated economic projections and the Governor typically holds a press conference shortly after the announcement to take questions from journalists. Minutes or a record of the meeting, when published, generally follow within the RBNZ’s usual disclosure timetable rather than weeks later, in line with the Reserve Bank’s own published schedule of OCR decision dates.
What to expect
At the time of writing, a consensus forecast for the December 2026 decision has not yet been published. Traders typically look to overnight index swap pricing and to bank economists in New Zealand and Australia for a read on the likely outcome closer to the meeting date, and that pricing can shift quickly if New Zealand inflation or employment data surprise in either direction before December 9.
The most recent confirmed move came at the July 8, 2026 meeting, when the RBNZ raised the OCR by 25 basis points to 2.50%, its first hike in more than three years, a decision described by FocusEconomics as “in line with market expectations”. That followed a prolonged hold that had been in place since November 2025, and a closely split May 2026 meeting in which the committee divided three-three before the Governor’s tie-breaking vote favoured a hold.

Meeting
Decision
Rate after meeting

November 2025
Held
2.25%

May 2026
Held (3-3 split, Governor’s casting vote)
2.25%

July 8, 2026
Hiked 25bp
2.50%

Rows for meetings between these dates and for the October 2026 decision are omitted here because they could not be independently verified against the RBNZ’s own releases at the time of writing. Readers should check the Reserve Bank’s official OCR page for the confirmed rate ahead of the December announcement.
Market impact scenarios

Scenario
Likely market read
What it means in plain English

Hold
Seen as a pause to assess incoming inflation and jobs data
Borrowing costs in New Zealand stay where they are for now, and the New Zealand dollar’s reaction depends on the tone of the statement rather than the decision itself

Hike
Read as the RBNZ leaning further against above-target inflation risks
Mortgage and business borrowing costs in New Zealand would likely rise further, and the currency could strengthen if the move is seen as decisive

Guidance shift
Markets focus on the tone of the statement and any updated rate track rather than the OCR level itself
Even with no change to the OCR, hints about future moves can shift mortgage pricing and the currency within hours

What will the statement and press conference signal?
Analysts watching the December statement will focus on how the committee characterises the inflation outlook after the July hike, whether members flag further tightening or judge that one move is sufficient, and whether any dissent is recorded within the committee’s consensus-based process. The RBNZ’s language on the labour market, house prices and the exchange rate tends to move alongside the headline decision, and any hint of a further move at the following meeting can matter as much to markets as the rate itself.
Because the Bank had held rates for an extended period before the July hike, commentators will also be alert to whether the committee describes this as the start of a new tightening phase or as a single, data-driven adjustment.
What It Means for Your Money
For people with a mortgage in New Zealand, a further OCR increase typically feeds through to floating and shorter fixed mortgage rates within weeks, raising monthly repayments, while a hold or a dovish tone can ease pressure on those due to refix. Savers with term deposits and online savings accounts tend to see slightly better rates when the OCR rises, though banks do not always pass through the full amount immediately.
The decision also moves the New Zealand dollar against the US dollar, the pound and the euro. A hike that surprises markets tends to support the currency, making imports cheaper for New Zealanders but making New Zealand exports, including dairy and tourism, relatively more expensive for overseas buyers. For UK and eurozone investors with exposure to New Zealand assets or the New Zealand dollar, this decision is a smaller but still watched input into global rate expectations, particularly as it comes late in a year when several major central banks have been navigating their own inflation paths. Pension funds and diversified investment portfolios with exposure to Australasian bonds or equities can see modest price moves around the announcement, and New Zealand share prices, especially in interest-sensitive sectors like property and retail, often react within the same trading session.
Related events

Previous decision: RBNZ Rate Decision October 2026
New Zealand inflation and employment data released ahead of this meeting will shape the committee’s assessment of whether inflation is returning to the 1% to 3% target band
Full RBNZ decision history and upcoming dates: RBNZ Rate Decision hub

Frequently Asked Questions
What time is the December 2026 RBNZ decision announced?
The decision is released at 2:00 pm New Zealand time on December 9, 2026, which is 8:00 pm ET on December 8 and 1:00 am London time on December 9.
What is New Zealand’s current Official Cash Rate?
The OCR stood at 2.50% after the RBNZ’s hike at its July 8, 2026 meeting, the most recent confirmed decision available at the time of writing.
Will the RBNZ cut or hike rates in December 2026?
A consensus forecast has not yet been published. The outcome will depend on New Zealand inflation and labour market data released in the weeks before the meeting.
When is the next RBNZ decision after December 2026?
Check the RBNZ Rate Decision hub for the confirmed date of the following meeting once the Reserve Bank publishes its updated schedule.
Where can I watch the RBNZ announcement live?
The Reserve Bank of New Zealand publishes its statement and, where applicable, streams the Governor’s press conference on its official website at the time of the decision.
← Previous RBNZ Rate Decision

China CPI December 2026
2026-12-08 20:30 - 21:30 (America/New_York)
Next China CPI: Wednesday, December 9, 2026 at 9:30 am CST (8:30 pm ET, 1:30 am London). Covers November 2026 data.

Consensus
" " }

Prior
0.5% YoY (July 2026)
Actual
Pending

Full schedule and background: China CPI.
Updated September 2, 2026

← Previous China CPI
China’s Consumer Price Index (CPI) for November 2026 is scheduled for release on Wednesday, December 9, 2026, at 9:30 am China Standard Time, which is 8:30 pm ET on Tuesday, December 8 in the United States and 1:30 am on December 9 in London. The figures are published by the National Bureau of Statistics of China (NBS) and cover price changes recorded across November 2026. Full schedule and background: China CPI.
What is the China CPI?
The Consumer Price Index measures the average change over time in the prices paid by urban and rural households for a fixed basket of goods and services, including food, housing, transport, healthcare and education. The NBS calculates the index by tracking prices in dozens of cities across China’s provinces and weighting each category according to its share of typical household spending.
Economists and traders watch China’s CPI because it is the clearest monthly signal of domestic demand in the world’s second-largest economy. A low or negative reading suggests households and businesses are spending cautiously, which can point to deflationary pressure. A rising reading suggests demand is picking up, which can influence decisions by the People’s Bank of China (PBOC) on interest rates and liquidity support.
The headline year-on-year figure gets the most attention, but analysts also track the month-on-month change and core CPI, which strips out volatile food and energy prices to show the underlying trend in the economy.
When is the November 2026 CPI released?
The NBS is expected to publish the November 2026 CPI report on December 9, 2026, at 9:30 am local time in Beijing. The release is posted on the National Bureau of Statistics website alongside the accompanying Producer Price Index (PPI) figures, which are released simultaneously. Because the NBS follows a fixed monthly release calendar for CPI and PPI, this date has not shifted from prior months.
What is the consensus forecast?
A consensus forecast for the November 2026 reading has not yet been published by major polling services such as Reuters or Bloomberg. These polls are typically compiled only a few days before the release, so figures are not yet available this far in advance. The most recent confirmed official reading, covering July 2026, showed headline inflation at 0.5% year-on-year, down from 1.0% in June 2026, according to Trading Economics data sourced from the NBS. That July print fell short of market forecasts of 0.8%, marking the lowest reading since January 2026.

Measure
Prior (July 2026)
Consensus (November 2026)

Headline CPI (YoY)
0.5%
Not yet published

Core CPI (YoY)
Data not independently confirmed
Not yet published

What the result could mean

Scenario
Likely market read
What it means in plain English

Above consensus
Could ease deflation worries and reduce pressure on the PBOC to add more stimulus, according to analysts cited by ING in past commentary on China’s inflation trend
Prices are rising faster than expected, suggesting Chinese consumers and businesses are spending a bit more freely

In line
Limited market reaction, seen as confirmation that the current gentle inflation trend is intact
The economy is behaving broadly as expected, with no fresh signal for policymakers

Below consensus
Could revive concerns about deflationary pressure and add to expectations of further PBOC support, a theme CNBC has highlighted in coverage of China’s inflation data
Prices are rising more slowly than hoped, which can signal weak demand at home

These are possible market reactions based on how similar readings have been discussed by analysts in the past, not predictions of what will happen on December 9, 2026.
Why does this release matter right now?
China has spent much of 2026 wrestling with weak domestic demand, and headline CPI has repeatedly undershot official targets and market forecasts through the middle of the year. The July 2026 reading of 0.5% year-on-year, down from 1.0% in June, extended a pattern of soft and uneven inflation, according to Trading Economics. At the same time, producer prices, which measure costs at the factory gate, have remained in deflation for an extended stretch, a trend tracked by Moody’s Analytics.
This combination matters because persistently weak consumer inflation limits the PBOC’s room to manoeuvre and keeps pressure on Beijing to support household spending through fiscal measures, subsidies or targeted stimulus. The OECD has separately noted that headline inflation trends among major non-OECD G20 economies, including China, have moved unevenly through the second half of 2026, according to the OECD’s Consumer Prices update. Investors watching the November print will be looking for signs of whether food prices, a volatile but influential component of China’s CPI basket, are stabilising heading into the winter months.
What It Means for Your Money
Mortgages and borrowing costs: China’s CPI does not set UK, US or European mortgage rates directly, but weak Chinese inflation can weigh on global growth expectations, which sometimes feeds through to bond yields and, indirectly, to borrowing costs worldwide.
Savings: If Chinese demand remains soft, cheaper Chinese exports of goods such as electronics, clothing and machinery can help keep imported inflation low in the UK, Europe and the United States, which can support the case for central banks to hold or cut interest rates, affecting the returns savers earn on deposit accounts.
Jobs and wages: Companies with significant exposure to Chinese consumer demand, from luxury goods makers to mining and commodity firms, can see revenue expectations shift after a CPI surprise, which occasionally feeds into hiring and investment decisions at multinational employers.
Investments and pensions: Chinese consumer weakness has historically weighed on commodity prices and emerging market equities, both of which sit inside many diversified pension funds, so a surprise reading can move fund valuations even for investors who have never bought a Chinese stock directly.
Currencies: A weaker-than-expected reading can pressure the Chinese yuan and, at times, other Asian currencies, while also influencing how traders price the US dollar, the euro and the pound against a backdrop of shifting global growth expectations.
Related events

Previous release: China CPI, November 2026 data
China’s Producer Price Index (PPI), released alongside CPI each month by the NBS
Upcoming PBOC policy decisions, which take China’s inflation trend into account

Frequently Asked Questions
What time is the China CPI released?
The NBS releases the report at 9:30 am China Standard Time, which is 8:30 pm ET the previous evening and 1:30 am in London on the release day.
How do I read the China CPI figure?
Focus on the year-on-year headline number for the overall inflation trend, then check the month-on-month change and core CPI to see whether the trend is being driven by volatile items like food or by broader demand.
How does China’s CPI affect interest rates?
Weak or negative inflation gives the People’s Bank of China more room to keep monetary policy supportive, while stronger inflation can reduce the urgency for additional stimulus, indirectly shaping global rate and currency expectations.
Where can I find the official release?
The data is published directly by the National Bureau of Statistics of China on its website, alongside the PPI report for the same month.
When is the next China CPI release?
The NBS publishes CPI monthly, so the following report, covering December 2026 data, is expected in mid-January 2027 under the bureau’s standard release calendar.
← Previous China CPI

Bank of Canada Rate Decision December 2026
2026-12-09 09:45 - 10:45 (America/New_York)
Next Bank of Canada Rate Decision: Wednesday, December 9, 2026 at 9:45 am ET (2:45 pm London).

Consensus
Not yet published
Prior
Held at 2.25% (last confirmed July 15, 2026; unchanged since October 2025)
Actual
Pending

Full schedule and background: Bank of Canada Rate Decision.
Updated August 25, 2026

← Previous Bank of Canada Rate Decision
The Bank of Canada’s Governing Council announces its December policy interest rate decision on December 9, 2026 at 9:45 am ET (2:45 pm London time). The rate has been held at 2.25% through every scheduled decision since October 2025, when policymakers last cut borrowing costs by 25 basis points (a basis point is one hundredth of one percentage point). This is the final rate announcement of 2026, and it is not accompanied by a quarterly Monetary Policy Report, which is instead published alongside the January, April, July and October decisions. Full schedule and background: Bank of Canada rate decisions.
What is the Bank of Canada’s Governing Council and what does it decide?
The Governing Council is the Bank of Canada’s senior decision-making body. It sets the target for the overnight rate, the interest rate at which major financial institutions lend to one another overnight, which in turn shapes the Bank’s Rate (currently 2.5%) and the deposit rate (currently 2.20%). Changes in the overnight rate feed through to the prime rates set by Canada’s big banks, which affect variable-rate mortgages, home equity lines of credit and business loans across the country.
The Council is chaired by the Governor, Tiff Macklem, and includes the Senior Deputy Governor and several Deputy Governors. Unlike the US Federal Reserve or the Bank of England, the Bank of Canada does not publish individual votes; decisions are presented as a collective judgement of the Governing Council reached by consensus rather than a recorded ballot.
The Bank’s mandate, agreed with the Government of Canada, is to keep inflation at the 2% target within a control range of 1% to 3%, while supporting maximum sustainable employment. It normally meets eight times a year, roughly every six weeks, to review this mandate against incoming economic data.
When is the December Bank of Canada decision announced?
The decision is released in a written statement at 9:45 am ET (2:45 pm London time) on December 9, 2026. Because this is not one of the four Monetary Policy Report meetings, there is no accompanying set of new growth and inflation projections and no scheduled press conference in the way there is for January, April, July and October decisions; the Bank instead publishes a shorter statement explaining its reasoning. The summary of deliberations, the closest Canadian equivalent to meeting minutes, is normally released roughly two weeks after each decision.
What to expect
According to reporting from Canadian Mortgage Trends, the Bank of Canada held its policy rate at 2.25% at every one of its scheduled decisions through July 2026, having last moved rates in October 2025 with a 25 basis point cut. Coverage from Immigration News Canada in late July 2026 noted a “growing consensus among economists that the Bank’s next move will be a hike rather than a cut”, with the overnight rate sitting at the bottom of the Bank’s estimated 2.25% to 3.25% neutral range. The September 2 and October 28, 2026 decisions fall between that reporting and this December meeting; for the most recently confirmed outcome ahead of December, see the October 2026 Bank of Canada decision page. A consensus forecast specific to the December 9, 2026 meeting has not yet been published by major polling desks this far in advance.

Meeting
Decision
Rate after meeting

October 2025
Cut, 25bp
2.25%

December 2025
Hold
2.25%

January 2026
Hold
2.25%

March 2026
Hold
2.25%

April 2026
Hold
2.25%

June 2026
Hold
2.25%

July 2026
Hold (with Monetary Policy Report)
2.25%

Market impact scenarios

Scenario
Likely market read
What it means in plain English

Hold at 2.25%
Likely read as consistent with the “prolonged hold” path described by analysts cited by nesto.ca; limited immediate reaction in the Canadian dollar or bond yields
Borrowing costs stay where they are; savers and mortgage holders see no immediate change

Hike
Would likely be read as a hawkish shift given commentary from Immigration News Canada pointing to growing hike expectations for 2027; could push the Canadian dollar higher against the US dollar and euro
Loans, mortgages and lines of credit become more expensive, but savings accounts and GICs typically pay more

Cut
Would be a surprise against current economist commentary and would likely weaken the Canadian dollar
Cheaper borrowing for mortgages and business loans, but lower returns on savings

What will the statement and press conference signal?
Because December is not a Monetary Policy Report meeting, the accompanying statement tends to be shorter, but markets will still parse it closely for forward guidance, meaning any hint about the likely direction of future decisions. Analysts will be watching for language on inflation’s path back to the 2% target, references to US trade policy and tariffs given Canada’s reliance on cross-border trade, and any signal about the neutral rate, the level at which policy is neither stimulating nor restricting the economy. With the overnight rate sitting at the low end of the Bank’s own estimated 2.25% to 3.25% neutral range, commentators will be alert to any wording suggesting the next move is more likely to be a hike than a further hold or cut. Because the Bank does not publish a recorded vote, there is no formal “dissent” to track in the way there is at the Fed or the Bank of England, though the summary of deliberations released roughly two weeks later can reveal a range of views within the Governing Council.
What It Means for Your Money
For Canadian mortgage holders, a hold means variable rates and lines of credit tied to bank prime rates stay unchanged; a hike would raise monthly payments on variable-rate and soon-to-renew mortgages, while a cut would lower them. Fixed-rate mortgages react more to bond yields than to the overnight rate itself, but the Bank’s tone can still move those yields. Savers with high-interest savings accounts or guaranteed investment certificates (GICs) would likely see slightly better returns after a hike and slightly worse ones after a cut, with banks typically adjusting these rates within days to weeks of a Bank of Canada move.
The decision also matters beyond Canada. A stronger or weaker Canadian dollar affects the cost of Canadian imports for UK and European buyers and the returns UK and eurozone investors get from Canadian assets when converted back into pounds or euros. Because the Bank of Canada, the Federal Reserve and the Bank of England are all navigating similar inflation and growth trade-offs, this decision is also watched as a read-across for how other central banks might be thinking, which can move global bond and equity markets, including pension funds and stock market index trackers held by ordinary savers in the UK and Europe.
Related events

Previous decision: Bank of Canada Rate Decision, October 2026
Full schedule: Bank of Canada rate decisions hub
Canada’s inflation and jobs data released in the weeks before this meeting typically shape the Governing Council’s final judgement

Frequently Asked Questions
What time is the Bank of Canada’s December 2026 decision announced?
The decision is released at 9:45 am ET, which is 2:45 pm in London, on December 9, 2026.
Will the Bank of Canada cut rates in December 2026?
No one can say in advance; the Bank had held its rate at 2.25% throughout 2026 up to July, and some economists cited by Immigration News Canada expected the next move to be a hike rather than a cut, but this is a possibility, not a certainty.
What is the Bank of Canada’s current policy rate?
The target for the overnight rate had been held at 2.25% since October 2025, according to the Bank of Canada’s own press releases, with the Bank Rate at 2.5% and the deposit rate at 2.20%.
When is the next Bank of Canada rate decision after December 2026?
The Bank’s 2027 schedule, published in July 2026, sets the first 2027 decision for January 27, 2027.
Where can I watch the Bank of Canada announcement?
The Bank of Canada publishes its statements directly on bankofcanada.ca, and major financial news outlets typically carry the release live at 9:45 am ET.
← Previous Bank of Canada Rate Decision

US Existing Home Sales December 2026
2026-12-09 10:00 - 11:00 (America/New_York)
Next US Existing Home Sales: Wednesday, December 9, 2026 at 10:00 am ET (3:00 pm London). Covers November 2026 data.

Consensus
A consensus forecast has not yet been published
Prior
Not yet confirmed from the official NAR release at time of writing
Actual
Pending

Full schedule and background: US Existing Home Sales.
Updated September 2, 2026

← Previous US Existing Home Sales
The US Existing Home Sales report for November 2026 data is released on Wednesday, December 9, 2026 at 10:00 am ET (3:00 pm London) by the National Association of Realtors (NAR). The report measures the pace at which previously owned homes changed hands during the month, and it is one of the two main gauges of US housing market activity alongside new home sales. Full schedule and background: US Existing Home Sales.
What is existing home sales?
Existing home sales tracks the number of previously owned single-family homes, townhomes, condominiums and co-ops that closed during the reporting month, expressed as a seasonally adjusted annual rate (SAAR). Because the figure counts closings rather than new contracts, it reflects buying decisions made roughly one to two months earlier, when the mortgage rate at the time of the offer was locked in.
The NAR compiles the data from a survey of multiple listing services and brokers around the country. Alongside the headline sales pace, the report includes median sale price, months of supply, the share of cash buyers, and regional breakdowns for the Northeast, Midwest, South and West. Because roughly 90% of all US home sales are existing homes rather than new construction, this release is the primary window into the health of the housing market.
Investors and central bankers watch it because housing is highly sensitive to interest rates and because the sector influences consumer spending through wealth effects, home renovation activity and the pace of household formation. A sustained slowdown in sales can signal that higher mortgage rates are squeezing affordability, while a pickup can suggest buyers are adjusting to a new rate environment.
When is the November existing home sales report released?
The National Association of Realtors publishes the November 2026 existing home sales figures on December 9, 2026 at 10:00 am ET, which is 3:00 pm in London. The release is published on the NAR’s own website and distributed to newswires simultaneously. This date has been confirmed by the NAR’s release calendar and is not an estimate.
What is the consensus forecast?
At the time of writing, a consensus forecast from a major poll such as Reuters or Bloomberg for the November 2026 reading has not yet been published, and the prior month’s confirmed sales pace has not been verified against the NAR’s own release for this article. Readers should check the NAR’s official release or a live consensus tracker such as Investing.com or Trading Economics closer to the release date for the most current prior figure and survey median, since these can shift materially as the release date approaches.

Measure
Prior
Consensus

Existing home sales (SAAR)
To be confirmed from the October 2026 NAR release
Not yet published

Median existing home price
To be confirmed from the October 2026 NAR release
Not yet published

What the result could mean

Scenario
Likely market read
What it means in plain English

Above consensus
Could be read as a sign the housing market is stabilising or improving despite elevated mortgage rates, which some analysts suggest may reduce pressure on the Federal Reserve to cut rates quickly
More people are successfully buying and selling homes than expected, which can support related spending on furniture, renovations and moving services

In line
Likely to have limited market impact since the figure was already priced in by traders
The housing market is behaving broadly as expected, offering no major surprise to buyers, sellers or renters

Below consensus
May be interpreted as evidence that high borrowing costs continue to weigh on the market, which some economists argue strengthens the case for future rate cuts
Fewer homes are changing hands than expected, which can signal that affordability pressures are holding back both buyers and sellers

These are possible interpretations discussed by market commentators, not predictions of how markets will actually move on the day.
Why does this release matter right now?
Housing has remained one of the most interest-rate-sensitive parts of the US economy through 2026, with 30-year fixed mortgage rates staying well above the historic lows seen earlier in the decade. The Federal Reserve continues to monitor housing data closely as part of its broader assessment of financial conditions and the labour market, since construction, real estate services and related retail spending make up a meaningful share of US economic activity. A run of weak existing home sales prints earlier in the year has kept the sector under scrutiny, and any further deterioration or improvement in November’s figures will feed into the debate over the path of interest rates into 2027.
Globally, the release also matters because US mortgage and housing trends often mirror pressures seen in the UK and euro area, where central banks have likewise grappled with the effect of higher rates on property markets. A weaker-than-expected US reading can reinforce expectations that major central banks, including the Bank of England and European Central Bank, may need to stay cautious about how quickly they ease policy.
What It Means for Your Money

Mortgages and rates: A stronger-than-expected sales figure can nudge US Treasury yields and mortgage rates higher if it suggests the economy remains resilient, while a weak print can support the case for lower rates over time, indirectly affecting mortgage pricing in the UK and eurozone through global bond market linkages.
Savings: Changes in the interest rate outlook driven by housing data can influence what savings accounts and fixed-term deposits pay, since banks price savings products off the same rate expectations that move mortgage costs.
Jobs and wages: A healthy housing market supports employment in real estate, construction, home improvement and retail, so a sustained slowdown in sales can eventually show up in slower job growth in these sectors.
Prices: Median home price trends reported alongside the sales figure give a read on housing costs, one of the larger components of household budgets and inflation measures in the US.
Investments, pensions and currencies: Housing-linked stocks such as homebuilders and real estate investment trusts often react directly to the release, and shifts in US rate expectations can move the dollar against the pound and euro, affecting the value of overseas investments and pension holdings with US exposure.

Related events

Previous release: US Existing Home Sales, November 2026 data
US New Home Sales, the companion report covering newly built housing
Federal Reserve interest rate decisions, which shape mortgage rates and housing demand

Frequently Asked Questions
What time is the November existing home sales report released?
The National Association of Realtors publishes the data at 10:00 am ET, which is 3:00 pm in London, on December 9, 2026.
How should I read the existing home sales figure?
Look at the seasonally adjusted annual rate against the prior month and against the consensus forecast, and check the accompanying median price and months of supply for a fuller picture of market conditions.
How does this data affect interest rates?
The Federal Reserve considers housing market strength as part of its broader assessment of the economy, so persistently weak or strong readings can feed into expectations for future rate decisions, though housing data alone rarely drives policy on its own.
Where can I find the official release?
The National Association of Realtors publishes the full report, including regional breakdowns and price data, on its own website at the scheduled release time.
When is the next existing home sales report?
The NAR typically publishes existing home sales data around the 20th to 25th of the month for two months prior, though the November data covered here follows an adjusted December publication date; check the NAR calendar for the exact date of the following release.
← Previous US Existing Home Sales

ADBE Earnings December 2026
2026-12-09 12:00 - 13:00 (America/New_York)
Next ADBE Quarterly Earnings: Wednesday, December 9, 2026 at 12:00 pm ET (5:00 pm London).
Date to be confirmed by the publisher; this is the scheduled date.

Consensus
Not yet published
Prior
Q3 FY2025: EPS $5.31 vs $5.18 forecast, revenue $5.99bn vs $5.91bn forecast
Actual
Pending

Updated September 2, 2026

← Previous ADBE Quarterly Earnings
Adobe Inc. (NASDAQ: ADBE) is expected to report its fiscal fourth-quarter and full-year 2026 results on December 9, 2026, with the earnings call scheduled for approximately 12:00pm ET (5:00pm London). The report will be one of the last major software earnings of the calendar year and will close out Adobe’s fiscal 2026, giving investors a full-year picture of how the company’s Creative Cloud, Document Cloud and Digital Experience businesses performed, particularly the pace at which artificial intelligence features are converting into paid subscriptions. Full schedule and background: Adobe earnings dates.
Adobe has not yet confirmed this date. The company has historically reported its fiscal fourth-quarter results in mid-December, so December 9, 2026 is an estimate based on that pattern rather than a confirmed corporate announcement.
What is Adobe’s Q4 2026 earnings report?
This is Adobe’s quarterly results announcement covering its fiscal fourth quarter (roughly September to November 2026) and its full fiscal year 2026. Adobe’s finance team, led by the chief financial officer, releases the figures via press release before the market opens, followed by a live conference call with the chief executive, chief financial officer and other senior executives who take questions from analysts at major banks and research firms. The release covers total revenue, earnings per share (EPS), performance across Adobe’s three main segments (Digital Media, Digital Experience and Publishing), and guidance for the following fiscal year.
Markets pay close attention to this particular release because it is the first full-year read on how Adobe’s generative AI tools, including Firefly and AI features built into Creative Cloud and Acrobat, are contributing to subscription growth and average revenue per user, rather than just being a marketing talking point.
When is Adobe’s earnings report and how to follow it
Adobe typically issues its results after the US market closes or before it opens, depending on the quarter, with the earnings call beginning shortly afterwards. For this event, the call is pencilled in for 12:00pm ET, which is 5:00pm in London and later in the evening for continental Europe. Investors in Asia would need to check the announcement the following morning local time. The release and a live audio webcast are normally made available on Adobe’s investor relations website, with a transcript published within a day or two by financial news outlets. As above, this date is estimated and should be treated as provisional until Adobe’s investor relations team confirms it, typically a few weeks beforehand.
What to expect
Because this event is more than a year away from today’s date, no consensus forecast for EPS or revenue has yet been published by analysts. Wall Street estimates for a specific quarter typically firm up only in the weeks before the report, once analysts have updated their models following the prior quarter’s results and any interim guidance from Adobe. When estimates are published, they usually appear on financial data platforms and are compiled into consensus figures by services such as LSEG or FactSet, cited by outlets including Reuters and Bloomberg.
For context, in its fiscal third quarter of 2025, Adobe reported non-GAAP earnings per share of $5.31 against an average analyst forecast of $5.18, with revenue of $5.99 billion versus an expected $5.91 billion, according to a transcript summary published by Investing.com. Adobe also raised its full-year fiscal 2025 revenue target to between $23.65 billion and $23.70 billion at that time. Analysts watching the December 2026 report are likely to focus on the same themes: growth in Digital Media annualised recurring revenue, adoption of AI-powered features, competitive pressure from rivals in generative image and video tools, and the trajectory of Digital Experience, Adobe’s marketing software business.
What the outcome could mean

Scenario
Likely market read
Plain-English meaning

Beat
Shares could rise if EPS and revenue exceed the eventual consensus and guidance for fiscal 2027 is upgraded
Adobe’s AI investments and subscription growth are converting into stronger-than-expected profit

In line
Limited share price reaction, with attention shifting to management’s forward commentary on AI monetisation
Adobe delivered what was already priced in, so the story becomes what happens next

Miss
Shares could fall, particularly if guidance for the new fiscal year is cut or AI-related spending weighs on margins
Growth or profitability came in weaker than analysts hoped, raising questions about competitive pressure

What It Means for Your Money
Adobe is a large constituent of the Nasdaq 100 and S&P 500, so its shares are held, often unknowingly, inside many workplace pensions, individual savings accounts (ISAs) and index tracker funds used by ordinary savers in the UK, Europe and further afield. A significant move in Adobe’s share price after this report can nudge the value of technology-focused funds up or down, though the effect on a diversified pension pot is usually small. For creative professionals and businesses that pay monthly for Adobe’s Creative Cloud or Acrobat subscriptions, the earnings call sometimes hints at future pricing changes or new AI features bundled into existing plans. The report itself does not move mortgage rates, savings rates or the value of the pound, dollar or euro directly, but it does add to the broader mood around US technology earnings, which can influence investor sentiment and stock market volatility during December, a period when many funds are also managing year-end positioning.
Related events

Adobe’s fiscal third-quarter 2026 earnings report, the previous quarterly release from the company
US Federal Reserve interest rate decisions, which shape the broader environment for technology stock valuations
Other major software earnings reported around the same December window, including peers in cloud and enterprise software

Frequently Asked Questions
Is the December 9, 2026 date for Adobe’s earnings confirmed?
No, it is an estimate based on Adobe’s usual pattern of reporting fiscal fourth-quarter results in mid-December. Adobe typically confirms the exact date a few weeks in advance.
What time does Adobe usually hold its earnings call?
Adobe’s earnings calls are generally scheduled for the early afternoon US Eastern Time, which falls in the late afternoon or early evening in London.
Where can I watch Adobe’s earnings call?
Adobe normally streams a live audio webcast of the call on its investor relations website, with a replay and transcript typically available afterwards.
Has a consensus forecast been published for this report?
Not yet. A consensus forecast has not yet been published because the event is far in advance; analyst estimates typically firm up closer to the reporting date.
Why does Adobe’s earnings report matter to non-US investors?
Adobe is a widely held stock in global index funds and technology-focused portfolios, so a large earnings surprise can affect the value of pensions and investment funds held by savers outside the United States.
← Previous ADBE Quarterly Earnings

FOMC Rate Decision December 2026
2026-12-09 14:00 - 15:00 (America/New_York)
Next FOMC Rate Decision: Wednesday, December 9, 2026 at 2:00 pm ET (7:00 pm London).

Consensus
Not yet published
Actual
Pending

Full schedule and background: FOMC Rate Decision.
Updated August 25, 2026

← Previous FOMC Rate Decision
The Federal Open Market Committee (FOMC) will announce its final interest rate decision of 2026 on Wednesday, December 9, 2026, at 2:00 p.m. EDT, following a two-day meeting on December 8-9. This is a Summary of Economic Projections (SEP) meeting, at which FOMC members will publish updated quarterly forecasts and the closely watched “dot plot” of individual rate expectations. The December meeting represents the committee’s last opportunity in 2026 to adjust the federal funds rate target, and markets will focus on both the rate decision itself and the updated economic projections for 2027 and beyond. The federal funds rate currently stands at 3.50% to 3.75%, where it has been held following three rate cuts in the second half of 2025.
The Federal Reserve and the FOMC
The Federal Open Market Committee is the monetary policy-making body of the Federal Reserve (the Fed), the central bank of the United States. The FOMC meets eight times per year in Washington DC, with each meeting lasting one or two days. The committee consists of 12 voting members: the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four of the remaining eleven Reserve Bank presidents who rotate voting rights annually.
The Fed operates under a dual mandate established by Congress: maximum employment and price stability, with price stability defined as headline PCE inflation of 2% over the longer run. When the FOMC sets the federal funds rate, it directly influences short-term borrowing costs across the entire US economy, flowing through to mortgage rates, corporate borrowing, consumer credit, and exchange rates. The December 2026 meeting is particularly significant because it concludes the committee’s work for the year and establishes the rate outlook through its updated SEP and dot plot, which will guide market expectations into 2027.
FOMC December Meeting: December 8-9, 2026
The December 2026 meeting is one of four SEP meetings in the year (alongside March, June, and September), at which FOMC members publish quarterly forecasts for GDP growth, unemployment, inflation, and the federal funds rate. The dot plot, which shows each member’s year-end rate expectation for the next three years and the longer run, is the primary tool through which the committee communicates its collective thinking on the rate path.
The March 2026 SEP, the most recent set of projections available at the time of writing, showed committee members expecting just one rate cut in 2026 and one in 2027, before the federal funds rate converges towards a longer-run neutral rate of approximately 3%. Against this backdrop, the key question for December 2026 is whether the full-year data has shifted those projections. The combination of elevated headline inflation (driven by energy prices following geopolitical tensions in the Middle East), above-trend employment growth in early 2026, and below-trend GDP growth presents a complex policy environment. The decision will be announced at 2:00 p.m. EDT on December 9, with Fed Chair Jerome Powell’s press conference beginning at 2:30 p.m. EDT.
What to Expect
The most likely outcome at the December 2026 meeting, based on the FOMC’s stated data-dependent posture and the March 2026 dot plot projections, is a hold at the current 3.50% to 3.75% range. The Fed has held rates through multiple consecutive meetings in 2026, citing elevated inflation and a resilient labour market as arguments against premature easing. However, if core PCE inflation has moderated consistently through the second half of 2026, and if GDP growth has slowed to a pace that raises concerns about economic momentum, the December SEP could reveal a shift in committee thinking towards more cuts in 2027.
Governor Miran’s dissent at the April 2026 meeting, calling for a 25-basis-point cut, represented the dovish extreme of the committee. Meanwhile, hawkish members dissenting in favour of stronger forward guidance against cuts have pushed the other end. The December meeting will reveal where this internal debate has resolved over the course of 2026. If the committee delivers a cut at any earlier meeting (June, July, September, or October), December could either follow with a second cut or revert to a hold.
Rate Decision History

Date
Decision
Rate (Upper)
Vote

Sep 2025
-25bp
4.25%
n/v

Nov 2025
-25bp
4.00%
n/v

Dec 2025
-25bp
3.75%
9-3

Jan 2026
Hold
3.75%
n/v

Mar 2026
Hold
3.75%
n/v

Apr 2026
Hold
3.75%
8-4

Jun 2026
TBD (Jun 16-17)
TBD
TBD

Jul 2026
TBD (Jul 28-29)
TBD
TBD

Sources: Federal Reserve; CNBC; J.P. Morgan. “n/v” = vote not yet verified from official sources. Upper rate refers to the upper bound of the federal funds target range. Rates shown at 3.75% upper bound reflect the hold from December 2025 onwards.
Market Impact Scenarios

Hold (base case) – Maintaining the 3.50% to 3.75% range would be interpreted as cautious, data-dependent policy continuation. Markets will focus primarily on the updated dot plot for 2027 expectations. If the dot plot shifts towards more cuts in 2027, Treasury yields would fall modestly and equities would rally. If the dot plot holds or moves hawkish, bond yields would remain elevated, and equities would face pressure heading into year-end.
Cut (25bp) – A December rate cut to 3.25%-3.50% would signal the Fed has gained enough confidence in the inflation outlook to resume easing. This outcome would be positive for equities and bonds, negative for the dollar, and would likely be accompanied by a dovish dot plot. The size of the year-end equity rally would depend on whether the cut was already priced in by December.
Hike – A rate increase from the current range would represent a dramatic policy reversal and is not the base case. A hike would be strongly negative for equities, particularly for the most rate-sensitive sectors (real estate, utilities, high-growth technology), and would strengthen the dollar while pushing bond yields higher across all maturities.

Press Conference and Forward Guidance
Fed Chair Jerome Powell’s press conference at 2:30 p.m. EDT on December 9 will be scrutinised for signals about the 2027 rate path. After the dot plot, Powell’s characterisation of inflation progress and the growth outlook will drive market reaction. Key phrases to watch include whether the Fed describes inflation as “still elevated” versus “making progress toward 2%”, and whether Powell signals that the committee sees further cuts as appropriate or that it will remain on hold for an extended period.
The December SEP will also update projections for PCE inflation, core PCE, GDP growth, and unemployment through 2028. Revisions to these projections, particularly whether the committee now sees inflation returning to 2% in 2027 or later, will shape the market’s interpretation of the dot plot and inform investment positioning into the new year. The December meeting traditionally attracts higher media and market attention than non-SEP meetings.
Related Events

FOMC Rate Decision June 2026 – The June 16-17 SEP meeting is the next FOMC rate decision after the current date, providing the first updated dot plot ahead of December.
US CPI Report June 2026 – Inflation data from June and subsequent months will be the primary determinant of whether the Fed has scope to cut in December 2026.
ECB Rate Decision June 2026 – The ECB’s June 11 decision illustrates the broader global monetary policy environment against which the Fed’s December decision will be assessed.

Frequently Asked Questions
What is the FOMC’s dual mandate?
The Federal Open Market Committee operates under a congressional mandate to pursue maximum employment and price stability. In practice, the Fed targets headline PCE inflation of 2% over the longer run and aims to maintain the unemployment rate near its longer-run neutral level, which the March 2026 SEP estimated at approximately 4.1%.
When will the FOMC December 2026 decision be announced?
The FOMC will release its policy statement at 2:00 p.m. EDT on Wednesday, December 9, 2026. Fed Chair Jerome Powell’s press conference will begin at 2:30 p.m. EDT. The Summary of Economic Projections (SEP), including the dot plot, will be released simultaneously with the policy statement.
What does the dot plot show?
The dot plot is a chart published at each SEP meeting showing each FOMC member’s expectation for the appropriate level of the federal funds rate at year-end for the next three years and in the longer run. It is anonymous and shows the distribution of views across the committee, not a binding forecast. Markets use the median dot to infer the committee’s collective rate path, but it can shift significantly between meetings as economic conditions change.

SNB Rate Decision December 2026
2026-12-10 03:30 - 04:30 (America/New_York)
Next SNB Rate Decision: Thursday, December 10, 2026 at 9:30 am CET (3:30 am ET, 8:30 am London).

Consensus
Not yet published
Prior
Held at 0% (since June 2025, most recently September 2026)
Actual
Pending

Full schedule and background: SNB Rate Decision.
Updated September 2, 2026

← Previous SNB Rate Decision
The Swiss National Bank’s Governing Board announces its final monetary policy decision of 2026 on Thursday, December 10, 2026, at 3:30am ET (9:30am CET local time in Zurich, 8:30am London time). The policy rate has stood at 0% since June 2025, following a long run of cuts from the 1.75% peak reached in 2023. Full schedule and background: SNB Rate Decision.
The SNB does not hold a scheduled interest rate press conference in the way the Federal Reserve or European Central Bank do, but its Governing Board publishes a statement and holds a news conference immediately after each assessment to explain the decision and its updated conditional inflation forecast.
What is the SNB Governing Board and what does it decide?
The Swiss National Bank is Switzerland’s independent central bank. Monetary policy is set collegially by a three-member Governing Board, which does not publish individual vote tallies, unlike the Fed or the Bank of England. The SNB’s mandate is price stability, defined as annual inflation of less than 2%, while taking account of economic developments.
Unusually among major central banks, the SNB also intervenes directly in the foreign exchange market when it judges the Swiss franc, a classic safe-haven currency, to be excessively strong. This gives its decisions an extra dimension: markets watch not only the policy rate itself but also any language on currency intervention.
The Governing Board meets for a formal monetary policy assessment four times a year, in March, June, September and December. Since September 2025 the SNB has also published a summary of the Board’s discussion four weeks after each decision, giving slightly more insight into its reasoning than in the past.
When is the December SNB decision announced?
The December assessment is announced on December 10, 2026, at 3:30am ET, 9:30am CET and 8:30am London time. The announcement includes a written statement, the SNB’s updated conditional inflation forecast (covering roughly the following three years), and a news conference with the SNB Chair. A summary of the internal Board discussion typically follows around four weeks later. There are no interest rate dot plots at the SNB, unlike the Fed; the conditional inflation forecast serves a similar signalling role.
What to expect
The SNB has held its policy rate at 0% since returning to zero in June 2025, after a run of cuts that began in March 2024. The most recent scheduled assessments before this one, in March, June and September 2026, all held the rate at 0%, according to Trading Economics and the SNB’s own decision archive. Economists have generally expected the SNB to keep rates on hold through 2026, given the SNB’s own forecasts assumed a steady 0% rate path when they were last updated. A consensus forecast for the December 2026 meeting had not been published by major polling services at the time of writing.

Meeting
Decision
Rate after meeting

December 2025
Held
0%

March 2026
Held
0%

June 2026
Held
0%

September 2026
Held (widely reported)
0%

Market impact scenarios

Scenario
Likely market read
What it means in plain English

Hold at 0%
Broadly expected outcome; muted franc reaction unless language on intervention shifts
Borrowing costs in Switzerland stay unchanged, and the SNB signals it is comfortable with current inflation and growth conditions

Cut (into negative territory)
Would be read as a defensive move against currency strength or weak inflation, likely franc-negative
The SNB judges deflation risk or franc appreciation serious enough to revisit negative rates, a step it has said carries a high bar

Guidance shift on FX intervention
Traders in USD/CHF and EUR/CHF watch closely even without a rate change
The SNB signals it will lean more heavily on buying or selling francs directly, rather than moving the policy rate, to manage currency strength

What will the statement and press conference signal?
Analysts will focus on three things: whether the SNB’s conditional inflation forecast still points to inflation staying within its 0 to 2% price stability range, whether the Board repeats language about the high bar for negative rates, and any comments on Swiss franc strength against the dollar and euro. Because the Governing Board does not publish a vote breakdown, dissent risk is not something markets can measure directly, but changes in the tone of the post-meeting news conference are scrutinised for hints of a shift.
What It Means for Your Money
For anyone with a Swiss mortgage, a hold at 0% keeps SARON-linked and fixed mortgage rates broadly where they have been, since Swiss lenders price largely off the SNB’s policy rate and bond yields. Savers in Swiss franc accounts continue to earn very little interest, a direct consequence of the zero-rate policy. For borrowers and credit card users outside Switzerland, the SNB decision matters less directly, but currency traders and companies with Swiss franc exposure, including UK and eurozone exporters who compete with Swiss goods, watch EUR/CHF and GBP/CHF for signs of franc strength or weakness. A stronger franc can make Swiss exports more expensive and support the value of Swiss pension and investment holdings when converted back into pounds or euros. UK and European investors holding Swiss equities or the SMI index should note that rate holds are typically a smaller market mover than surprise moves, but any hint of renewed negative rates would ripple through European bond and currency markets given the SNB’s role as a bellwether for very low or negative rate policy.
Related events

Previous decision: SNB Rate Decision September 2026
Full SNB schedule and past decisions: SNB Rate Decision hub
Swiss inflation data released ahead of each assessment is a key input the Governing Board weighs before deciding on the rate

Frequently Asked Questions
What time is the SNB December 2026 decision announced?
The decision is announced at 3:30am ET, 9:30am CET and 8:30am London time on December 10, 2026.
What is the current SNB policy rate?
The SNB policy rate has stood at 0% since June 2025, after a series of cuts from a peak of 1.75%.
Will the SNB cut rates into negative territory?
The SNB’s leadership has repeatedly said the bar for returning to negative rates is high, and its own conditional inflation forecasts have assumed a steady 0% rate path, though this is not a guarantee and depends on incoming inflation and franc strength data.
When is the next SNB meeting after December 2026?
The SNB holds quarterly assessments, so the next scheduled meeting falls in March 2027; check the SNB Rate Decision hub for the confirmed date once published.
Where can I watch the SNB announcement live?
The SNB publishes its statement and streams the post-decision news conference on its official website, snb.ch.
← Previous SNB Rate Decision

US CPI Report December 2026
2026-12-10 08:30 - 09:30 (America/New_York)
Next US CPI Report: Thursday, December 10, 2026 at 8:30 am ET (1:30 pm London). Covers November 2026 data.

Consensus
Not yet published
Actual
Pending

Full schedule and background: US CPI Report.
Updated August 25, 2026

← Previous US CPI Report
The US Bureau of Labor Statistics (BLS) will release Consumer Price Index (CPI) data for November 2026 on Thursday, December 10, 2026, at 8:30 a.m. Eastern Time. The release will provide the penultimate inflation reading of 2026, arriving the day after the Federal Open Market Committee (FOMC) delivers its final rate decision of the year on December 9, 2026.

At a Glance

Release date: Thursday, December 10, 2026, at 8:30 a.m. ET
Publishing body: US Bureau of Labor Statistics (BLS)
Reference month: November 2026
Most recent reading: 3.8% YoY (April 2026)
Market impact: High

What is the Consumer Price Index?
The Consumer Price Index for All Urban Consumers (CPI-U) is the most widely followed measure of inflation in the United States. Published monthly by the BLS, it tracks changes in the prices paid by urban consumers for a market basket of goods and services covering approximately 93% of the US population. The basket includes categories such as housing, food, transport, energy, medical care, apparel, and recreation, with housing carrying the largest weighting at around 32%.
The BLS collects price data from tens of thousands of retail and service establishments. The index is expressed as the year-over-year (YoY) rate and the month-over-month (MoM) change. Core CPI, excluding food and energy, is the metric most closely watched by the Federal Reserve (the Fed) for underlying inflation trends.
CPI is released roughly 12 to 13 days after the reference month ends. The December 2026 release covers price changes in November 2026 and will contribute to the full-year inflation picture for 2026.
US CPI Release: December 10, 2026
The December 10 release will provide the November 2026 inflation reading, arriving one day after the FOMC meets on December 9. While the data will not influence the December rate decision directly (the Fed will already have made its call), it will immediately shape market expectations for the path of monetary policy in 2027. Strong inflationary persistence would push back the anticipated timeline for rate cuts; a confirmed deceleration would accelerate them.
US inflation started 2026 at 2.4% year-over-year in January before surging to 3.8% in April, the highest rate since May 2023, according to BLS data. The energy component rose 17.9% year-over-year in April, with gasoline prices up 28.4%. The December reading will reveal whether those energy-driven price rises have faded through favourable base effects or have entrenched into broader price pressures. Consensus forecasts will be available closer to the release date.
Why This CPI Release Matters
The December CPI is the last major inflation data point of 2026 and will set the inflation narrative going into 2027. It follows the FOMC decision by just one day, meaning the December 10 release will immediately begin shaping expectations for the January and March 2027 meetings. If the Fed cuts in December, a hot November CPI reading could cause markets to question whether that cut was premature. If the Fed holds, a cool reading would reinforce expectations for early 2027 easing.
At the same time, the December reading will set the base for year-over-year comparisons in early 2027. If November 2026 inflation is significantly lower than November 2025, the year-over-year rate will reflect that mechanically. Understanding the base effect is essential for interpreting the early 2027 inflation prints that follow.
For bond markets, the December release will be crucial in determining where longer-duration yields settle into year-end and the new year. For equities, confirmation that the 2026 inflationary episode is behind us would be a material positive, particularly for rate-sensitive growth stocks that have faced persistent valuation headwinds throughout the year.
What to Watch For

Above consensus: A reading that shows inflation re-accelerating in November (above 3.0-3.5%) would be a negative surprise given that energy base effects should be fading by this point. It would signal structural inflation persistence and push out expectations of rate cuts in 2027, weighing on equities and bonds.
In line with consensus: A reading matching expectations would confirm the trajectory already priced in by markets. Attention would quickly shift to the December FOMC press conference and forward guidance for 2027, particularly the updated Summary of Economic Projections.
Below consensus: A reading below 2.5% would signal that the 2026 inflation surge has been largely unwound and would significantly increase expectations of rate cuts early in 2027. Equities would rally broadly, bond yields would fall, and the US dollar would weaken.

By December, the base effect from the April 2026 energy spike will be highly relevant. If energy prices have normalised or fallen since mid-2026, the November year-over-year comparison will benefit from a mechanically easier base. Core services and shelter inflation will be the genuine gauge of underlying price pressure divorced from energy volatility.
Historical Context

Month
YoY
MoM
Core YoY

April 2026
3.8%
+0.6%
2.8%

March 2026
3.3%
+0.9%
2.6%

February 2026
2.4%
+0.2%
—

January 2026
2.4%
—
—

December 2025
2.7%
—
—

Source: US Bureau of Labor Statistics. October and November 2025 data were not published due to the US government shutdown. MoM and core figures not available for all periods shown.
Market Positioning
The December 2026 CPI will close out the year’s inflation story and establish the baseline for 2027 expectations. Fixed income markets and the Fed funds futures curve will be acutely sensitive to this final reading, given that it arrives the day after the December FOMC decision and in the context of year-end portfolio rebalancing. Liquidity typically thins in mid-December, which can amplify market movements around data releases.
For equity investors looking ahead to 2027, a confirmed downward trend in inflation through the final quarter of 2026 would represent a material improvement in the macro backdrop, reducing the headwind from high interest rates and potentially re-opening the door to multiple expansion in growth sectors.
Related Events

US CPI Report November 2026 – The preceding monthly release covering October 2026 data.
FOMC Rate Decision December 2026 – The Fed’s final meeting of 2026 on December 9, the day before this CPI release.
ECB Rate Decision December 2026 – The ECB’s December meeting on December 17, providing a comparison with European monetary policy as the year closes.

Frequently Asked Questions
What does the CPI measure?
The CPI measures the average change in prices paid by urban consumers for a fixed basket of goods and services, including housing, food, transport, energy, and medical care. Published monthly by the Bureau of Labor Statistics, it is the primary measure of consumer price inflation in the United States.
When is the December 2026 CPI report released?
The December 2026 CPI report will be released on Thursday, December 10, 2026, at 8:30 a.m. Eastern Time. The report covers price changes during November 2026.
How does the December CPI relate to 2027 monetary policy?
The December 10 release follows the FOMC’s December 9 decision by one day, meaning it will not affect December’s vote but will immediately recalibrate expectations for January and March 2027 meetings. A continued deceleration in inflation would strengthen the case for the Fed to begin or continue cutting rates early in 2027, which would have significant implications for bond yields, equity valuations, and the US dollar.

US Initial Jobless Claims: December 10, 2026
2026-12-10 08:30 - 09:30 (America/New_York)
Next US Initial Jobless Claims: Thursday, December 10, 2026 at 8:30 am ET (1:30 pm London).

Consensus
Not yet published
Prior
220,000 (week ending Nov 15, 2025)
Actual
Pending

Full schedule and background: US Initial Jobless Claims.
Updated September 2, 2026

← Previous US Initial Jobless Claims
The US Department of Labor releases the weekly initial jobless claims report on Thursday, December 10, 2026 at 8:30am ET (1:30pm London). This release covers new claims for unemployment benefits filed in the week ending December 5, 2026, and is one of the most timely indicators of labour-market health available to investors, policymakers and the Federal Reserve. For the full release schedule and background on this weekly series, see US Initial Jobless Claims.
Initial jobless claims count the number of people filing for unemployment insurance for the first time in a given week. A rising trend suggests employers are cutting jobs faster than they are hiring; a falling trend suggests the labour market is holding up. Because the data are weekly and released quickly, markets watch them closely for early signs of a turn in employment conditions, particularly during periods when the Federal Reserve is weighing interest rate decisions.
What is the consensus forecast?
The prior reading was 220,000 for the week ending November 15, 2025, according to the Department of Labor’s weekly claims release. A consensus forecast for the December 5, 2026 week has not yet been published; economists’ forecasts for weekly claims are typically only released a day or two ahead of the report by outlets such as Reuters and Bloomberg. Continuing claims, which measure people still receiving benefits after an initial filing, are also released alongside the headline number and give a sense of how long it is taking people to find new work.

Measure
Prior
Consensus

Initial claims
220,000
Not yet published

4-week moving average
Varies by week, published alongside headline figure
Not yet published

Continuing claims
Published alongside initial claims
Not yet published

What the result could mean

Scenario
Likely market read
Plain-English meaning

Claims above consensus
Bond yields could fall, stocks may wobble on growth worries, though a weaker labour market can also raise hopes of interest rate cuts
More people are losing jobs or struggling to find new ones than expected, a sign the labour market is cooling

Claims in line with consensus
Limited market reaction expected, as the figure confirms the existing trend
The labour market is behaving broadly as expected, with no fresh signal for the Fed or investors

Claims below consensus
Stocks could gain on resilience, though very strong labour data can also push bond yields up on reduced hopes of rate cuts
Fewer people than expected are filing for unemployment benefits, suggesting the labour market remains solid

Why it matters this week
Jobless claims data has taken on extra significance as the Federal Reserve weighs the pace of any further interest rate moves heading into 2027. Weekly claims, together with the monthly non-farm payrolls report, give policymakers an early read on whether earlier rate cuts are cooling the labour market too quickly or whether conditions remain resilient.
According to Trading Economics, weekly claims data through much of 2026 showed periods of resilience even as some public-sector job cuts weighed on specific categories of workers. Investors will be watching whether the December 5 week continues that pattern or shows signs of a broader slowdown, particularly given the seasonal noise that can affect claims data around the holiday period.
What It Means for Your Money
For anyone with a mortgage or savings account, jobless claims feed indirectly into the interest rate outlook. A run of weak claims data, showing more people losing jobs, tends to increase expectations of interest rate cuts, which can eventually lower mortgage rates but also reduce returns on savings accounts and cash ISAs. Strong claims data, showing few job losses, can have the opposite effect, keeping borrowing costs higher for longer but supporting better returns on cash savings.
For investors with pensions or portfolios exposed to US shares, a sharply weaker labour market can hurt company profits and share prices in the near term, even if it eventually leads to lower interest rates that support valuations further out. A resilient labour market tends to support consumer spending and corporate earnings, which can benefit pension funds and other investments with exposure to US equities.
The report also has ripple effects beyond the US. Because Federal Reserve policy influences global borrowing costs, shifts in the US labour market outlook can move the value of the pound, the euro and other currencies against the dollar, affecting the cost of imports and holidays abroad for people in the UK and Europe, as well as returns on international investments.
Frequently Asked Questions
What time is the jobless claims report released?
The report is released at 8:30am ET, which is 1:30pm in London, on Thursday, December 10, 2026.
What would count as a big miss from consensus?
Once a consensus forecast is published, a move of more than around 15,000 to 20,000 claims away from that figure would typically be considered a significant surprise, though markets also pay close attention to the four-week moving average rather than any single week’s number.
When is the next jobless claims report?
The next weekly release follows the standard Thursday schedule; check the US Initial Jobless Claims hub page for the exact date and time of the following report.
Why do jobless claims matter to the Federal Reserve?
Jobless claims offer a near real-time signal of labour-market health, helping the Federal Reserve judge whether its interest rate policy is having the intended effect on employment.

← Previous US Initial Jobless Claims

AVGO Earnings December 2026
2026-12-10 12:00 - 13:00 (America/New_York)
Next AVGO Quarterly Earnings: Thursday, December 10, 2026 at 12:00 pm ET (5:00 pm London).
Date to be confirmed by the publisher; this is the scheduled date.

Consensus
Not yet published
Prior
Q2 FY2026: revenue approx. $22.1bn, non-GAAP EPS $2.44 (quarter ended May 3, 2026)
Actual
Pending

Updated August 25, 2026

← Previous AVGO Quarterly Earnings
Broadcom Inc. (Nasdaq: AVGO) is expected to report its fourth quarter and full fiscal year 2026 financial results on Thursday, December 10, 2026, with a call for analysts and investors typically scheduled around 12:00 pm ET (5:00 pm London). The report is issued by the company through Broadcom Investor Relations. As with most large technology companies, the exact date is confirmed only a few weeks in advance, so treat this as the most likely slot based on Broadcom’s usual pattern of reporting in the second week of December. Full schedule and background: AVGO earnings calendar.
The release matters well beyond Broadcom shareholders. The company is one of the largest suppliers of custom AI chips and networking equipment to hyperscale cloud providers, and its infrastructure software division (built around the VMware acquisition) generates steady recurring revenue. Because Broadcom sits at the intersection of AI infrastructure spending and enterprise software, its results are often read as a proxy for how much big technology companies are still willing to spend on data centres and cloud capacity.
What is the Broadcom Q4 fiscal 2026 earnings call?
This is Broadcom’s fourth and final quarterly earnings report of its fiscal year 2026, which runs from November 2025 to roughly the end of October or early November 2026. Management, led by chief executive Hock Tan and chief financial officer Kirsten Spears, presents revenue, profit, cash flow and dividend figures for the quarter and the full fiscal year, then gives guidance for the first quarter of fiscal 2027. Analysts covering the semiconductor and software sectors, along with institutional investors, dial into the call to question management on AI chip demand, custom silicon contracts with hyperscalers, and the performance of the VMware software business.
When is the AVGO Q4 2026 report and how to follow it
Based on Broadcom’s recent reporting pattern, the release is expected on December 10, 2026, with the press release published before US markets open or shortly after, followed by a conference call around midday ET. Broadcom has not yet confirmed this specific date at the time of writing; the company typically announces its December earnings date about three to four weeks beforehand. The results, along with a live webcast and replay, are published on the Broadcom Investor Relations website. Financial media and data providers such as Reuters and Bloomberg typically carry the headline figures within minutes of release.
What to expect
A consensus forecast for AVGO’s fiscal Q4 2026 revenue and non-GAAP earnings per share (EPS) has not yet been published this far ahead of the report. Analyst estimates typically firm up in the weeks before the call as Wall Street updates models following peer earnings and any pre-announcements. Investors should watch three things when the numbers land: growth in AI semiconductor revenue (chips designed for specific hyperscale customers), the pace of infrastructure software revenue tied to VMware, and any change to operating margin guidance, since Broadcom has guided non-GAAP operating margin and adjusted EBITDA margin (earnings before interest, tax, depreciation and amortisation, a measure of underlying profitability) at similar levels for several quarters.
Recent quarters give a sense of the trend. In its first quarter of fiscal 2026 (ended February 1, 2026), Broadcom reported revenue of $19,311 million, up 29% year on year, and non-GAAP diluted EPS of $2.05, according to the company’s investor relations release. In its second quarter of fiscal 2026 (ended May 3, 2026), revenue rose further and adjusted EBITDA reached $15,244 million, with non-GAAP diluted EPS of $2.44, also per the company’s own results release. Guidance issued alongside that report pointed to third quarter fiscal 2026 revenue of approximately $29.4 billion, an increase of 84% from the prior year period, reflecting a large step-up expected from AI-related demand.

Quarter
Revenue
Non-GAAP EPS
Notes

Q1 FY2026 (ended Feb 1, 2026)
$19,311 million
$2.05
Up 29% year on year

Q2 FY2026 (ended May 3, 2026)
Approx. $22.1 billion
$2.44
Adjusted EBITDA of $15,244 million, 69% of revenue

Q3 FY2026 (guided)
Approx. $29.4 billion guided
Not yet reported at time of writing
Guidance issued with Q2 results

Q4 FY2026 (this report)
To be reported December 10, 2026
To be reported
Consensus not yet published

What the outcome could mean

Scenario
Likely market read
Plain-English meaning

Beat on revenue and EPS with strong AI backlog commentary
Shares likely to rise, semiconductor peers may follow
Demand for AI chips and cloud infrastructure is still accelerating, supporting confidence in tech capital spending

Results in line with prior guidance
Muted share reaction, focus shifts to next quarter’s guidance
Broadcom’s growth is proceeding as expected, with no major surprise for the AI spending cycle

Miss on revenue, software growth or margin guidance cut
Shares likely to fall, could weigh on broader semiconductor and AI-linked stocks
A warning sign that hyperscale customers may be slowing AI infrastructure spending or that VMware integration costs are higher than expected

What It Means for Your Money
Broadcom is one of the largest constituents of major US stock indices, so it is widely held inside pension funds, workplace retirement schemes and passive index funds even by people who have never bought an individual share. A large swing in AVGO shares on the day of results can move the value of a diversified pension pot or ISA that tracks a broad US or global index. A strong report tends to lift sentiment across chipmakers and AI-linked stocks in Asia (such as Taiwan Semiconductor Manufacturing Company suppliers) and Europe (such as ASML), while a weak one can drag on the same names. For everyday consumers, Broadcom’s results say more about business investment trends than about the price of phones or broadband directly, though the company does supply chips used in smartphones and networking gear. Currency moves are usually a secondary effect: a strong US earnings season can support the dollar against the pound and euro if it reinforces expectations that the US economy and corporate profits remain resilient.
Related events

AVGO earnings, September 2026 (Q3 fiscal 2026)
Other major AI-linked semiconductor earnings released in the same week
US Federal Reserve interest rate decisions, which shape the discount rate applied to growth stocks like Broadcom

Frequently Asked Questions
What time does Broadcom report Q4 fiscal 2026 earnings?
The report is expected around 12:00 pm ET (5:00 pm London) on December 10, 2026, based on Broadcom’s usual reporting pattern, though the company has not yet confirmed the exact time.
Is the December 10, 2026 date confirmed?
No. Broadcom typically announces its fourth-quarter fiscal earnings date a few weeks in advance, and it has historically reported in the second week of December.
What is the consensus forecast for AVGO’s Q4 fiscal 2026 results?
A consensus forecast has not yet been published this far ahead of the report. Analyst estimates will firm up closer to the release date.
Why does Broadcom’s earnings report matter to markets outside the US?
Broadcom supplies chips and networking equipment used across global supply chains, so its results influence sentiment toward semiconductor and technology stocks in Asia and Europe, and it is a large weighting in global index funds held by pension savers worldwide.
Where can I watch the earnings call live?
The webcast and replay are published on the Broadcom Investor Relations website alongside the press release.
← Previous AVGO Quarterly Earnings

COST Earnings December 2026
2026-12-10 12:00 - 13:00 (America/New_York)
Next COST Quarterly Earnings: Thursday, December 10, 2026 at 12:00 pm ET (5:00 pm London).
Date to be confirmed by the publisher; this is the scheduled date.

Consensus
Not yet published
Prior
$4.50 EPS, $67.31bn revenue (Q1 FY2026, quarter ended Nov 2025), beat $4.28 estimate
Actual
Pending

Updated September 2, 2026

← Previous COST Quarterly Earnings
Costco Wholesale Corporation is expected to report its next quarterly earnings on December 10, 2026, at approximately 12:00 pm ET (5:00 pm London). Costco has not yet confirmed this exact date; the retailer typically reports its first-quarter results in the second week of December, so the date and time here are an estimate based on that pattern. The report matters to markets because Costco is a bellwether for US consumer spending, membership retail and warehouse club economics, and its results are watched closely by investors in retail, consumer staples and broader index funds. Full schedule and background: COST earnings calendar.
What is the Costco Q1 earnings report?
This release covers Costco’s first fiscal quarter, running from roughly September through November 2026 (Costco’s fiscal year runs from September to August, so its “Q1” differs from the calendar year). Costco’s finance team, led by the chief financial officer, presents net sales, membership fee income, gross margin and earnings per share (EPS) on a conference call with analysts. The company does not typically hold a live public webcast with slides in the way some other retailers do; instead it issues a press release and holds an analyst call, with a transcript published afterwards.
Analysts and investors focus on comparable sales (like-for-like sales excluding new store openings), membership renewal rates, and e-commerce growth, since these figures reveal whether Costco’s model of charging an annual membership fee in exchange for low prices is still drawing in new, loyal shoppers.
When is the Costco December 2026 earnings report and how to follow it
Costco has not formally confirmed the date shown above. Retailers such as Costco typically report first-quarter results in the second full week of December, roughly ten weeks after the quarter closes at the end of November. The company usually issues its results before US markets open or around midday, followed by an earnings call. Investors can follow the release directly through Costco’s investor relations website, where the press release, financial statements and call transcript are usually posted within minutes of the announcement.
What to expect
A widely published consensus forecast for the December 2026 quarter has not yet been issued this far in advance. Once analyst estimates begin to firm up closer to the report date, they typically appear on financial data platforms such as Bloomberg, LSEG and Visible Alpha.
Historically, analysts watching Costco’s results focus on: comparable sales growth (particularly in the US, Canada and international markets), membership fee income and renewal rates, gross margin trends amid tariff and freight cost pressures, and e-commerce sales growth. Guidance risk tends to centre on labour costs, membership fee increases, and how much of any cost inflation Costco is willing to absorb rather than pass on to shoppers, given its strategy of keeping prices low to protect membership loyalty.
The most recent confirmed quarterly result available is Costco’s first quarter of fiscal 2026 (the quarter ended in late November 2025), when the company reported revenue of $67.31 billion against analyst estimates of around $67.03 billion, and GAAP earnings per share of $4.50 against an estimate of roughly $4.28, according to a Yahoo Finance report on the results. For the prior fiscal year, Costco’s fourth-quarter fiscal 2025 net sales rose 8.0% to $84.4 billion, according to Costco’s own investor relations release.

Quarter
Revenue
EPS
vs estimate

Q4 FY2025 (ended Aug 2025)
$84.4 billion (full quarter net sales)
Not separately confirmed
Not verified

Q1 FY2026 (ended Nov 2025)
$67.31 billion
$4.50 (GAAP)
Beat estimate of $4.28

Figures for the two most recent quarters before this were not fully verifiable from public sources at the time of writing and have been omitted rather than estimated.
What the outcome could mean

Scenario
Likely market read
Plain-English meaning

Beat
Shares could rise if revenue and EPS top analyst estimates and comparable sales stay strong
Costco is selling more to existing members and controlling costs better than expected

In line
Muted share reaction; focus shifts to guidance and membership trends
Costco performed roughly as forecast, so the story is in the details, not the headline numbers

Miss
Shares could fall, especially if margins or comparable sales disappoint
Cost pressures or weaker shopper spending are squeezing profits more than expected

What It Means for Your Money
Costco is one of the largest constituents of major US indices, so its results feed into the value of pensions and index funds that track the S&P 500 or Nasdaq, even for savers who have never bought a Costco share directly. A strong report can lift broader consumer staples and retail sector funds, while a weak one can drag on them. For everyday shoppers, Costco’s commentary on pricing and cost inflation can be an early signal of whether grocery and household goods prices are likely to rise or hold steady in the months ahead, in the US and, to a lesser extent, in the UK, Canada and other markets where Costco operates warehouses. The report has limited direct effect on the pound, euro or mortgage rates, but it forms part of the broader picture of US consumer health that central banks, including the Federal Reserve, weigh when setting interest rates that ultimately influence savings and borrowing costs worldwide.
Related events

Costco’s fiscal Q4 2026 earnings release, typically reported in late September 2026
US retail sales data, published monthly by the US Census Bureau
Federal Reserve interest rate decisions, which influence US consumer borrowing and spending

Frequently Asked Questions
When will Costco report December 2026 earnings?
The date and time above are estimated based on Costco’s usual pattern of reporting first-quarter results in the second week of December; the company has not yet confirmed the exact date.
Is there a consensus forecast for this Costco earnings report?
A consensus forecast has not yet been published this far ahead of the report; analyst estimates typically firm up closer to the release date.
What was Costco’s most recent quarterly result?
In its most recently confirmed quarter, ended in late November 2025, Costco reported revenue of $67.31 billion and GAAP earnings per share of $4.50, beating the analyst estimate of $4.28, according to Yahoo Finance.
Does Costco’s earnings report affect stock markets outside the US?
Yes, because Costco is a large index constituent and a US consumer bellwether, its results can influence sentiment toward global retail and consumer staples shares, including those held in UK and European pension and index funds.
Where can I watch or read the Costco earnings release live?
Costco publishes its results and call details on its official investor relations website, where the press release and transcript are typically posted shortly after the announcement.
← Previous COST Quarterly Earnings

ORCL Earnings December 2026
2026-12-10 12:00 - 13:00 (America/New_York)
Next ORCL Quarterly Earnings: Thursday, December 10, 2026 at 12:00 pm ET (5:00 pm London).
Date to be confirmed by the publisher; this is the scheduled date.

Consensus
Not yet published
Prior
Q1 FY2027 (Sept 2026), not yet confirmed; last reported EPS was $1.964 vs $2.11 expected (Q4 FY2026)
Actual
Pending

Updated September 2, 2026

← Previous ORCL Quarterly Earnings
Oracle Corporation (NYSE: ORCL) is expected to report its fiscal second-quarter 2027 earnings on December 10, 2026, after the US market close, with the earnings call historically starting around 12:00pm ET (5:00pm London). Oracle has not yet confirmed this date publicly, but the company has scheduled its Q2 results announcement for the same week in mid-December in each of the past two years, most recently on December 10, 2025. Full schedule and background on the series: ORCL Earnings September 2026.
The report matters to a wide range of investors because Oracle has become one of the largest suppliers of cloud infrastructure capacity to the artificial intelligence boom, with contracts tied to major AI developers. Its results are watched as a signal for the health of AI infrastructure spending, which also affects Microsoft, Amazon, Nvidia and other technology names held in most global index funds and pension portfolios.
What is Oracle’s Q2 fiscal 2027 earnings report?
Oracle’s fiscal year runs from June to May, so its second fiscal quarter covers September to November 2026. The earnings release, typically issued through PRNewswire and posted to Oracle’s investor relations site, sets out revenue, profit, cloud growth and remaining performance obligations (RPO), a measure of contracted future revenue that has become central to how investors judge Oracle’s AI cloud backlog. Management, usually chief executive Safra Catz and chairman Larry Ellison, then hosts a conference call with analysts to discuss the numbers and give guidance for the following quarter.
Oracle’s shift from a traditional database and enterprise software company to a major cloud infrastructure provider has been one of the more closely watched corporate transformations in technology over the past two years. The company has signed multi-year cloud capacity agreements with several of the largest AI developers, and these deals show up in Oracle’s accounts as remaining performance obligations rather than immediate revenue, which is why analysts pay close attention to that figure alongside the headline sales and profit numbers. A jump in RPO can signal fresh multi-billion-dollar contracts, while a slowdown can suggest AI infrastructure demand is cooling or that customers are delaying commitments.
When is Oracle’s earnings call and how to follow it
Because the publisher has not yet confirmed the December 2026 date, this page follows Oracle’s established pattern: the company usually announces its Q2 results on a Wednesday in the second week of December, after the market closes, with the call beginning roughly 30 minutes to an hour later. Oracle streams the call live on its investor relations website, and a transcript and slide deck are usually posted shortly afterwards. Financial news services including Reuters and Bloomberg carry the headline figures within minutes of release.
What to expect
A consensus forecast for Oracle’s fiscal Q2 2027 earnings per share and revenue has not yet been published, as analyst estimates for a quarter this far ahead typically firm up only in the weeks before the report. What is known is Oracle’s own guidance: at its fourth-quarter fiscal 2026 results, the company confirmed full-year fiscal 2027 revenue guidance of around $90 billion and raised its non-GAAP earnings-per-share guidance to $8.05, implying growth of about 18% after adjusting for one-off items, according to Oracle’s investor relations release.
Analysts are likely to focus on three areas: growth in Oracle Cloud Infrastructure (OCI) revenue, the pace of change in remaining performance obligations, which have swung sharply on large AI capacity deals, and the cost of the debt Oracle has taken on to fund data centre construction. Any sign that AI infrastructure demand is slowing, or that financing costs are eating into margins, tends to move the shares sharply in after-hours trading.

Quarter
Revenue
EPS
vs estimate

Q1 FY2026 (Sept 2025)
$14.9bn
Not separately confirmed here
See Oracle investor relations release

Q4 FY2026 (May 2026)
Guidance-linked, full detail on investor relations site
$1.964 actual
Below the $2.11 expected, according to TipRanks

Full historical detail, including the quarters immediately before this report, is best verified directly on Oracle’s investor relations site, since not every recent quarter’s exact revenue and EPS split was available at the time this page was written.
What the outcome could mean
Because Oracle has taken on significant new debt to fund data centre construction, bond investors and credit rating agencies are also watching this report closely, alongside equity analysts. A downgrade risk or a widening of Oracle’s credit spreads could ripple into borrowing costs for other companies expanding AI infrastructure, which is one reason this single earnings report attracts attention well beyond the technology sector.

Scenario
Likely market read
Plain-English meaning

Beat
Shares could rise, particularly if cloud infrastructure revenue and RPO growth exceed guidance
Oracle is signing and delivering on more AI computing contracts than expected

In line
Muted reaction, with attention shifting to forward guidance and debt commentary
Oracle is growing broadly as planned, with no fresh surprises for AI spending trends

Miss
Shares could fall, especially if margins are squeezed by data centre financing costs
The cost of building AI infrastructure capacity is growing faster than the revenue it generates

What It Means for Your Money
Oracle is a large constituent of major US indices, so its share price swings affect the value of pension funds and index-tracker investments held by ordinary savers, even those who have never bought Oracle shares directly. A strong report tends to lift sentiment across AI-linked technology stocks in the US, Europe and Asia, since Oracle’s cloud customers and suppliers span all three regions. A weak report, particularly one flagging debt or margin pressure, can weigh on broader technology valuations and, in turn, on the dollar, given how heavily US markets are weighted toward technology earnings. There is no direct link to UK mortgage rates or savings accounts, but sharp moves in US tech shares can spill over into wider stock market sentiment, including pension pots invested in global equity funds.
Related events

ORCL Earnings September 2026, Oracle’s fiscal Q1 2027 results
US Federal Reserve interest rate decisions, which influence technology and growth stock valuations
Earnings from other major AI infrastructure providers, including Microsoft, Amazon and Nvidia

Frequently Asked Questions
When exactly does Oracle report Q2 fiscal 2027 earnings?
Oracle has not yet confirmed the date. Based on its pattern in recent years, a report around December 10, 2026, after market close, is the most likely timing.
What time is the earnings call?
Oracle’s calls typically begin around 12:00pm ET (5:00pm London), shortly after the earnings release.
Is there a consensus forecast yet?
A consensus forecast for this specific quarter has not yet been published. Estimates usually solidify in the weeks before the report.
Where can I watch the earnings call live?
Oracle streams its earnings call on its investor relations website, where a replay and transcript are usually posted afterwards.
Why does Oracle’s earnings report matter beyond its own shareholders?
Oracle is a major supplier of AI cloud infrastructure, so its results are widely read as a gauge of how much big technology firms are spending on AI computing capacity.
← Previous ORCL Quarterly Earnings

UK GDP December 2026
2026-12-11 02:00 - 03:00 (America/New_York)
Next UK GDP: Friday, December 11, 2026 at 7:00 am GMT (2:00 am ET, 7:00 am London). Covers Q3 2026 data.

Consensus
Not yet published
Prior
0.4% growth (three months to June 2026, ONS)
Actual
Pending

Full schedule and background: UK GDP.
Updated August 25, 2026

← Previous UK GDP
The UK Gross Domestic Product (GDP) report for December 2026 is released on Friday, December 11, 2026 at 7:00am London time (2:00am ET) by the Office for National Statistics (ONS). This release covers economic output data for the third quarter of 2026 (July to September), the ONS’s main measure of how fast, or slowly, the UK economy is growing. Full background and the schedule of upcoming releases is available on the UK GDP hub page.
What is UK GDP?
Gross Domestic Product measures the total value of all goods and services produced in the UK economy over a given period. It is the broadest single gauge of economic health available and the figure most often quoted when politicians, economists or journalists talk about the economy “growing” or “shrinking”.
The ONS builds GDP from three angles that should, in theory, add up to the same total: output (what businesses and public services actually produced), expenditure (what households, businesses, government and overseas buyers spent) and income (wages, profits and other earnings generated). The headline growth rate compares output in the latest period with the period before, either quarter on quarter or, in the monthly release, on a rolling three-month basis.
Markets watch GDP closely because it feeds directly into decisions at the Bank of England. Faster growth, especially alongside strong wage growth, can add to inflation pressure and argue for holding or raising interest rates. Weaker growth, particularly if it slips towards contraction, increases pressure for rate cuts to support jobs and spending. Two consecutive quarters of falling output is the common definition of a recession.
When is the Q3 2026 GDP report released?
The ONS publishes this release on December 11, 2026 at 7:00am GMT (2:00am ET), on its release calendar and in the Quarterly National Accounts and GDP monthly estimate bulletins on ons.gov.uk. As with all ONS statistics, the exact bulletin and any accompanying data tables go live at the same moment, so there is no early access for market participants.
What is the consensus forecast?
As of now, a consensus forecast has not yet been published for the December 2026 release. City economists and data providers such as Reuters and Bloomberg typically issue their median forecasts only in the days immediately before an ONS release, once more monthly indicators (retail sales, industrial production, trade) for the quarter are available. Financecalendar.com will update this page with the consensus figure and the prior reading once they are confirmed.
The most recent officially confirmed reading from the ONS, at the time of writing, shows real GDP growing by 0.4% in the three months to June 2026, compared with the three months to March 2026, according to the ONS GDP monthly estimate, June 2026. That followed growth of 0.6% in the three months to May 2026 (revised down from 0.7%) and 0.8% in the three months to April 2026.

Measure
Prior reading
Consensus

Quarterly GDP growth
0.4% (three months to June 2026, ONS)
Not yet published

Annual GDP growth
To be confirmed
Not yet published

What the result could mean

Scenario
Likely market read
What it means in plain English

Above consensus
Sterling could firm and gilt yields may rise, as stronger growth reduces the case for near-term Bank of England rate cuts, a pattern economists have described in commentary on prior above-forecast GDP prints reported by Reuters
The economy grew faster than expected, which can support jobs and wages but may also keep borrowing costs higher for longer

In line
A broadly neutral reaction is typical when data matches expectations, according to analysts cited in Reuters market wraps around ONS releases
The economy is performing roughly as expected, so mortgage rates, savings rates and the outlook for the pound are unlikely to move sharply on this data alone

Below consensus
Sterling could soften and gilt yields may fall, as weaker growth increases the odds markets attach to future Bank of England rate cuts, a reaction seen in past below-forecast prints per Reuters coverage
The economy grew more slowly than hoped, or shrank, which can eventually feed through to weaker job creation and slower wage growth

These are possible reactions drawn from how markets have historically responded to GDP surprises, not predictions of what will happen on December 11, 2026.
Why does this release matter right now?
The Bank of England’s Monetary Policy Committee treats GDP as one of the key inputs into its interest rate decisions, alongside inflation and the labour market. Through the first half of 2026, ONS data showed the UK economy expanding for several consecutive rolling three-month periods, with growth of 0.6% in the three months to March 2026 and 0.4% in the three months to June 2026, according to the ONS first quarterly estimate for Q1 2026 and the June 2026 monthly bulletin. Growth had been slowing gradually across that period even as it remained positive.
Investors and policymakers will be watching whether that gentle slowdown continued, stabilised or reversed over July to September 2026. A weaker than expected Q3 reading would add to the debate over how quickly the Bank of England should lower borrowing costs, while a stronger print would support those on the MPC who argue for a more cautious, gradual approach to rate cuts.
What It Means for Your Money

Mortgages and rates: A weak GDP print can raise expectations of Bank of England rate cuts, which sometimes feeds through to lower fixed mortgage rates over the following weeks. A strong print can do the opposite, keeping borrowing costs higher for longer.
Savings: Interest rates on savings accounts tend to move in the same direction as expectations for Bank Rate, so weaker growth data that raises the odds of a rate cut can eventually mean lower returns on cash savings.
Jobs and wages: GDP growth and employment tend to move together over time. A run of weak GDP figures can be an early sign that hiring may slow or wage growth may cool in the following months.
Prices: Faster growth can add to inflation pressure if demand outpaces the economy’s capacity to supply goods and services, while a slowdown can help take some heat out of prices.
Investments, pensions and the pound: UK shares, gilts and sterling can all react to a GDP surprise. A stronger than expected reading often supports the pound against the dollar and the euro, while a weaker reading can weigh on it, with knock-on effects for the value of overseas holdings inside pensions and investment portfolios for UK savers, and for the cost of UK assets to European and Asian investors.

Recent GDP readings (three-month on three-month growth)

Period
Growth rate

Three months to June 2026
0.4%

Three months to May 2026
0.6% (revised)

Three months to April 2026
0.8%

Three months to March 2026
0.6%

Three months to February 2026
0.5%

Three months to January 2026
0.3% (revised)

Source: ONS GDP monthly estimate bulletins, various 2026 releases.
Related events

UK GDP November 2026 release
Bank of England Monetary Policy Committee decisions, which take GDP trends into account when setting Bank Rate
UK labour market and inflation releases, published in the weeks around each GDP report

Frequently Asked Questions
What time is the December 2026 UK GDP report released?
The ONS publishes the report at 7:00am London time on December 11, 2026, which is 2:00am ET.
How do I read the headline GDP figure?
The main number to check is the percentage change in output compared with the previous quarter or rolling three-month period. A positive figure means the economy grew, a negative figure means it shrank.
How does GDP affect UK interest rates?
The Bank of England considers GDP growth alongside inflation and employment when setting Bank Rate. Weak or negative growth can support the case for rate cuts, while strong growth can argue for holding or raising rates.
Where can I find the official GDP release?
The ONS publishes the full bulletin, dataset and revisions on its release calendar at ons.gov.uk at the moment of release.
When is the next UK GDP report after this one?
The ONS publishes GDP data on a monthly and quarterly cycle, with the next release typically following around four to six weeks later. Check the UK GDP hub page for the confirmed date.
← Previous UK GDP

Canada CPI December 2026
2026-12-14 08:30 - 09:30 (America/New_York)
Next Canada CPI: Monday, December 14, 2026 at 8:30 am ET (1:30 pm London). Covers November 2026 data.

Consensus
Not yet published
Prior
3.0% YoY (July 2026, latest confirmed reading)
Actual
Pending

Full schedule and background: Canada CPI.
Updated August 25, 2026

← Previous Canada CPI
Statistics Canada releases the Consumer Price Index (CPI) for November 2026 on Monday, December 14, 2026, at 8:30 am ET (1:30 pm London time). The report is Canada’s main measure of consumer price inflation and is watched closely by the Bank of Canada, currency traders and anyone with a mortgage, savings account or pension tied to Canadian assets. Full schedule and background: Canada CPI.
What is the Canada Consumer Price Index?
The CPI tracks the change in prices Canadians pay for a fixed basket of goods and services, covering eight major groups including food, shelter, transportation and household operations. Statistics Canada compares the cost of this basket month to month and year to year, and the year-over-year change is the headline inflation figure most reported in the news.
Alongside the headline number, Statistics Canada and the Bank of Canada also track “core” measures that strip out volatile items such as gasoline and some food prices. The two most closely watched are the median CPI and the trimmed-mean CPI, both designed to show the underlying trend in prices without short-term noise from a single volatile category. These core measures matter because the Bank of Canada uses them, alongside headline inflation, to decide whether interest rates need to rise, fall or hold steady.
Markets watch CPI because it feeds directly into interest rate decisions. Persistently high inflation tends to keep the Bank of Canada cautious about cutting rates, while a sustained slowdown gives it room to lower borrowing costs. Because Canada’s economy is closely linked to the United States through trade, the CPI print is also watched by investors in the US, Europe and Asia for signs of how tariffs, energy prices and global demand are feeding through to consumer costs.
When is the November CPI released?
Statistics Canada publishes the November 2026 CPI report on Monday, December 14, 2026 at 8:30 am ET (1:30 pm London time). The release is published on the agency’s website as part of “The Daily” bulletin, with the full statistical tables available through the Consumer Price Index portal. Statistics Canada has confirmed this release date as part of its published 2026 release calendar.
What is the consensus forecast?
As of the time of writing, a consensus forecast for the November 2026 CPI reading has not yet been published. Consensus estimates from surveys such as those compiled by Reuters and Bloomberg typically appear in the days immediately before the release, once economists have incorporated the most recent trade, energy and labour market data.
The most recently confirmed Statistics Canada figures at the time of writing were for July 2026, when headline inflation rose to 3.0% year-on-year from 2.8% in June 2026, a move TD Economics described as “one tick higher than markets were anticipating”. Core measures had been softening: the median CPI stood at 1.9% and the trimmed-mean CPI at 1.8% in June 2026, both described by Trading Economics as their “lowest in over five years” at that point.

Measure
Prior (June 2026)
Latest confirmed (July 2026)

Headline CPI (year-on-year)
2.8%
3.0%

Median CPI (Bank of Canada core measure)
2.1%
1.9%

Trimmed-mean CPI (Bank of Canada core measure)
2.0%
1.8%

Figures for August, September, October and November 2026 were not yet confirmed through an official Statistics Canada release at the time this page was prepared. Readers should check the official StatCan release for the most current reading before the November print is published.
What the result could mean

Scenario
Likely market read
What it means in plain English

Above consensus
Bond yields and the Canadian dollar could firm as traders trim bets on near-term rate cuts
Prices are rising faster than expected, which could keep the Bank of Canada cautious about lowering interest rates, meaning higher borrowing costs stay in place for longer

In line with consensus
Muted market reaction, with focus shifting to the core inflation components
Inflation is behaving broadly as expected, so the Bank of Canada’s existing policy plan is unlikely to change because of this release alone

Below consensus
The Canadian dollar could soften and short-term bond yields could fall as markets price in a greater chance of a rate cut
Prices are rising more slowly than expected, which could give the Bank of Canada more room to cut interest rates and support borrowers

These are possible market reactions described by analysts, not predictions. Statistics Canada’s July 2026 report noted that gasoline prices were a key driver of the headline rate, rising 25.7% year-on-year that month, while shelter and grocery price inflation continued to ease, according to Statistics Canada.
Why does this release matter right now?
Canadian inflation has been on an uneven path through 2026. After falling from the 40-year peak of 6.8% reached in June 2022, headline CPI settled below 2% for stretches of 2025 before drifting higher again into the summer of 2026, according to data compiled by WealthNorth using Statistics Canada’s official series. The July 2026 uptick to 3.0% was driven largely by higher pump prices linked to renewed tensions between Iran and the United States, which pushed wholesale fuel costs higher.
A separate and persistent theme through 2026 has been the risk that US tariffs on Canadian goods pass through into consumer prices, particularly for imported machinery, vehicles and some food inputs, a risk Statistics Canada has flagged directly. TD Economics noted that the threat of 50% tariffs on some Canadian exports remained unresolved through the summer, adding uncertainty to the inflation outlook. The Bank of Canada has said it will remain “data-dependent” given these external risks, meaning each CPI print carries extra weight for its rate decisions in the months ahead.
What It Means for Your Money

Mortgages and loans: If inflation runs hotter than expected, the Bank of Canada is less likely to cut its policy rate soon, which keeps variable mortgage rates and lines of credit more expensive. A cooler than expected reading increases the chance of rate cuts, which could eventually lower monthly payments for homeowners renewing a mortgage.
Savings: Interest rates on savings accounts and guaranteed investment certificates (GICs) tend to move with the Bank of Canada’s policy rate, so a weaker inflation print could see savings rates edge down over time, while a stronger print could keep them higher for longer.
Jobs and wages: Persistent inflation above the Bank of Canada’s 2% target can squeeze household budgets if wage growth does not keep pace, particularly for lower income households who spend a larger share of income on food and fuel.
Prices in everyday life: Grocery and fuel prices have been the biggest swing factors in Canadian CPI through 2026. Anyone budgeting for household bills should watch these two categories closely in the release, as they can move the headline number even when underlying inflation is stable.
Investments, pensions and the currency: The Canadian dollar tends to strengthen when inflation surprises to the upside, since it reduces the odds of near-term rate cuts, and to weaken on a downside surprise. This matters for UK, European and Asian investors holding Canadian dollar assets or bonds, as well as for pension funds with exposure to Canadian equities and fixed income.

Related events

Previous release: Canada CPI, November 2026 data (October release)
Full release history and background: Canada CPI hub
The next Bank of Canada interest rate decision, which typically follows the CPI release by one to two weeks and takes this data into account

Frequently Asked Questions
What time is the November 2026 Canada CPI released?
Statistics Canada publishes the report at 8:30 am ET, which is 1:30 pm in London, on Monday, December 14, 2026.
How do I read the CPI report?
Focus first on the year-on-year headline figure, then check the median and trimmed-mean core measures, which strip out volatile items like gasoline and give a clearer picture of the underlying inflation trend the Bank of Canada watches most closely.
How does this release affect Bank of Canada interest rates?
The Bank of Canada uses CPI data, particularly the core measures, to help decide whether to raise, cut or hold its policy rate, so a surprise in either direction can shift market expectations for the next rate decision.
Where can I find the official release?
The report is published on the Statistics Canada website as part of “The Daily” bulletin, with full data tables available through the Consumer Price Index portal.
When is the next Canada CPI report released?
Statistics Canada typically releases CPI data roughly three weeks after the end of each reference month, so the December 2026 CPI report is expected in mid-January 2027, with the exact date confirmed on the agency’s published release calendar closer to the time.
← Previous Canada CPI

UK Labour Market Report December 2026
2026-12-15 02:00 - 03:00 (America/New_York)
Next UK Labour Market Report: Tuesday, December 15, 2026 at 7:00 am GMT (2:00 am ET, 7:00 am London).

Consensus
Not yet published
Prior
4.9% unemployment rate (three months to June 2026)
Actual
Pending

Full schedule and background: UK Labour Market Report.
Updated August 25, 2026

← Previous UK Labour Market Report
The UK Labour Market Report for December 2026 is published by the Office for National Statistics (ONS) on Tuesday, December 15, 2026, at 7:00am London time (2:00am ET). The release brings together the Labour Force Survey estimates of employment and unemployment, HMRC payrolled employee figures, and average earnings growth, covering the rolling three-month period through October 2026 alongside a provisional payrolled-employee estimate for November. Full background and the release schedule for this series sit on the UK Labour Market Report hub page.
What is the UK Labour Market Report?
The Labour Market Report is the ONS’s monthly snapshot of who is working, who is looking for work, and how much pay is growing across the UK economy. It combines three main data sources: the Labour Force Survey (a household survey used to calculate the unemployment rate, employment rate and economic inactivity rate), HMRC Pay As You Earn Real Time Information (used to count payrolled employees), and the Average Weekly Earnings survey of businesses (used to measure wage growth).
Because the headline Labour Force Survey figures are a three-month rolling average, each release describes a quarter rather than a single month, for example “August to October 2026”. The payrolled employee count, by contrast, is a near-real-time HMRC tax-data series and is usually reported for the most recent single month available.
Markets watch this release closely because the Bank of England’s Monetary Policy Committee treats the labour market as one of the clearest signals of inflationary pressure in the domestic economy. A tight jobs market with strong wage growth tends to support the case for higher interest rates, while rising unemployment and slowing pay growth make the case for cuts.
When is the December labour market report released?
The report is due on Tuesday, December 15, 2026, at 7:00am London time, which is 2:00am ET (note the report lands overnight for US traders and before the New York market opens). It is published by the Office for National Statistics and appears on the ONS website’s labour market bulletin series, alongside the accompanying data tables and the ONS release calendar.
What is the consensus forecast?
A consensus forecast for the December 2026 release has not yet been published by data providers such as Reuters or Bloomberg. Economist forecasts for UK labour market data typically emerge in the days immediately before the release, once analysts have digested the most recent purchasing managers’ surveys, vacancy data and payroll figures. Readers should check back closer to the date for a published median forecast.
The most recent confirmed reading available at the time of writing came from the ONS bulletin covering April to June 2026, published in August 2026, which put the unemployment rate at 4.9%, up 0.2 percentage points on the year but down 0.1 percentage points on the previous quarter, according to the ONS Labour market overview, UK: August 2026. Earlier bulletins through June and July 2026 recorded the same 4.9% rate for the preceding rolling quarters, suggesting the rate had stabilised at close to a multi-year high after climbing from 5.1% in the three months to October 2025.

Measure
Prior reading
Consensus for December release

Unemployment rate (16+)
4.9% (three months to June 2026)
Not yet published

Average earnings, total pay (annual growth)
4.1% (three months to March 2026)
Not yet published

What the result could mean

Scenario
Likely market read
What it means in plain English

Unemployment and wage growth above consensus
Sterling could firm and gilt yields could rise, as traders push back the timing of any further Bank of England rate cut
A tighter jobs market with hotter pay growth suggests inflation pressure at home is not fading, which argues for borrowing costs staying higher for longer

Broadly in line with the prior trend
A muted reaction, with markets keeping current interest rate expectations largely unchanged
The labour market continues on its recent path of a high but roughly stable unemployment rate and gradually cooling wage growth, giving the Bank of England no reason to shift course

Unemployment higher and wage growth weaker than consensus
Gilt yields could fall and sterling could soften, as markets bring forward expectations of Bank of England rate cuts
A weakening jobs market and slower pay growth reduce the risk that wages keep pushing prices up, making it easier for the Bank to cut rates to support growth

These are possible reactions described by market commentators, not predictions. Economists at outlets such as Reuters and Bloomberg typically frame their post-release notes around whether the data changes the expected path of Bank Rate rather than any single number in isolation.
Why does this release matter right now?
The Bank of England has spent much of 2026 weighing a labour market that cooled from the tight conditions of 2022 and 2023 without collapsing outright. Data through the summer of 2026 showed the unemployment rate holding near 4.9%, its highest level in several years, while payrolled employee numbers fell for a sustained run of months on HMRC’s Real Time Information data, according to the ONS’s own bulletins. At the same time, wage growth has been gradually slowing from the very high rates seen earlier in the decade, with total pay growth around 4.1% and regular pay growth around 3.4% in the first quarter of 2026, per the ONS.
The House of Commons Library’s labour market briefing noted that real (inflation-adjusted) wages were still rising modestly through the second quarter of 2026, meaning household spending power was improving even as headline job numbers softened. The December report will show whether that combination of a stable-to-softer jobs market and gradually cooling pay growth has continued into the autumn, feeding directly into the Bank of England’s February 2027 rate decision and the Monetary Policy Committee’s assessment of underlying inflation pressure.
What It Means for Your Money
Mortgages and borrowing: A weaker jobs market and slower wage growth tend to make it more likely the Bank of England will cut interest rates, which can eventually feed through into cheaper fixed and tracker mortgage rates. A stronger-than-expected report has the opposite effect, keeping borrowing costs higher for longer.
Savings: Interest rates on savings accounts broadly track Bank Rate. If this report points towards rate cuts, savers may see returns on easy-access and fixed savings accounts drift lower over the following months.
Jobs and wages: The unemployment rate and vacancy figures give a direct read on how easy it is to find or change jobs. Wage growth figures matter for anyone negotiating a pay rise or checking whether their pay is keeping up with the cost of living.
Prices: Wage growth is one of the inputs the Bank of England watches for signs that inflation could persist, because businesses often pass higher staff costs on to customers through prices.
Investments, pensions and currencies: UK gilts, the pound and London-listed shares can all move on this data, since it shapes expectations for interest rates. A softer labour market that raises the odds of rate cuts can weaken sterling against the dollar and euro, which affects the cost of imported goods and holidays abroad, while also potentially supporting UK share prices sensitive to lower borrowing costs. Investors and pension savers with exposure to UK bonds or equities may see portfolio values shift on the day of release, particularly if the figures surprise against whatever consensus forecast is eventually published.
Related events

Previous release: UK Labour Market Report, November 2026
UK Consumer Prices Index (CPI) release, which the Bank of England reads alongside wage growth data when assessing inflation pressure
Bank of England Monetary Policy Committee interest rate decision, which draws directly on labour market trends shown in this report

Frequently Asked Questions
What time is the UK Labour Market Report released?
The December 2026 report is released at 7:00am London time on Tuesday, December 15, 2026, which is 2:00am ET.
What period does the December report cover?
The headline employment and unemployment figures cover the rolling three-month period expected to run from August to October 2026, with a more up-to-date single-month estimate for payrolled employees.
How does this report affect UK interest rates?
The Bank of England uses labour market slack and wage growth as key gauges of domestic inflation pressure, so a notably stronger or weaker report than expected can shift market expectations for the timing of future Bank Rate changes.
Where can I find the official release?
The report is published on the ONS release calendar and appears as a “Labour market overview, UK” bulletin on the ONS website, with full data tables available for download.
When is the next UK Labour Market Report?
ONS labour market reports are published monthly, so the next release is expected in mid-January 2027, following the same rolling three-month reporting pattern.
← Previous UK Labour Market Report

US Producer Price Index December 2026
2026-12-15 08:30 - 09:30 (America/New_York)
Next US Producer Price Index: Tuesday, December 15, 2026 at 8:30 am ET (1:30 pm London). Covers November 2026 data.

Consensus
Not yet published
Actual
Pending

Updated August 25, 2026

← Previous US Producer Price Index
US Producer Price Index December 2026: Preview
The US Producer Price Index (PPI) for November 2026 is scheduled for release on 15 December 2026 at 8:30 a.m. Eastern Time. Published by the Bureau of Labor Statistics (BLS), the monthly PPI report tracks average changes in selling prices received by domestic producers and is one of the most closely watched inflation gauges in the US economic calendar.
Producer price inflation remained sharply elevated through the first half of 2026, driven by the pass-through of import tariffs introduced in 2025, rising energy costs linked to geopolitical tensions, and strong demand for goods. The April 2026 reading of +6.0% year-over-year was the steepest annual increase since December 2022. With the Federal Reserve closely monitoring pipeline inflation ahead of its final policy meeting of the year, the December PPI release carries particular weight.
Markets will be watching whether producer price pressures began to ease in November or whether elevated input costs continued to build momentum heading into year-end. The report lands just days before the FOMC Rate Decision December 2026, amplifying its significance for bond and equity markets alike.
What the Producer Price Index Is and Why It Matters
The Producer Price Index measures the average change over time in the selling prices received by domestic producers for their output. Unlike the Consumer Price Index (CPI), which captures prices paid by end consumers, the PPI reflects cost pressures at an earlier stage in the supply chain, making it a useful leading indicator for future consumer inflation.
The BLS publishes three main PPI aggregates: final demand goods, final demand services, and the headline final demand index. Each is broken down further into thousands of commodity categories ranging from crude materials and processed foods to transportation and trade services. The headline index is released on a seasonally adjusted month-over-month (MoM) basis and an unadjusted year-over-year (YoY) basis, allowing analysts to strip out seasonal patterns and compare the underlying trend.
Because producer prices often take several months to flow through to retail shelves, a sustained increase in the PPI can foreshadow higher consumer prices, influencing Federal Reserve policy decisions, corporate margin expectations, and fixed-income markets. The PPI is also used extensively in contracts and regulatory proceedings to escalate prices for long-term agreements.
PPI Trend: Recent Readings
US producer price inflation accelerated markedly in 2026, following a relatively contained period in mid-2025. The chart below summarises key recent readings:

Release Date
Reference Month
YoY (Unadjusted)
MoM (Seasonally Adjusted)

July 2025
June 2025
+2.3%
—

October 2025
August 2025
+2.6%
—

April 2026
March 2026
+4.0%
—

May 2026
April 2026
+6.0%
+1.4%

15 Dec 2026
November 2026
Consensus TBC
Consensus TBC

The April 2026 reading of +6.0% year-over-year was the largest 12-month advance since December 2022. The acceleration from +4.0% in March to +6.0% in April was attributed to a surge in trade service margins, higher transportation costs, and energy price volatility following escalating geopolitical tensions. Month-over-month, final demand goods rose 2.0% in April while final demand services gained 1.2%, both above expectations.
TradingEconomics estimates project US producer prices running at approximately 7.2% by the end of Q3 2026 before moderating toward 3.0% in 2027 as the base effects of tariff-related shocks normalise. Whether that moderation has begun in November’s data is the central question for the December release.
No consensus estimate for the November 2026 PPI had been published at the time of writing. Markets will form expectations based on the October reading, energy price movements in November, and broader global supply-chain developments in the intervening months.
What to Watch on 15 December 2026
Several sub-components will be under close scrutiny when the BLS releases the November 2026 PPI:
Final demand goods vs. services split. In April 2026, goods prices rose 2.0% month-over-month while services gained 1.2%. A moderation in goods prices — particularly if import tariff effects begin to diminish — would signal a healthier pipeline for consumer goods inflation in early 2027. If services inflation stays sticky, it points to a more durable core inflation problem.
Core PPI excluding food and energy. The Federal Reserve pays close attention to core measures that strip out volatile components. If core producer prices remain elevated in November, the case for maintaining a restrictive federal funds rate well into 2027 is strengthened. Analysts will compare the core reading against September and October figures to assess the trend direction.
Trade services margins. Tariff-driven margin expansion among wholesalers and retailers has been a key driver of headline PPI throughout 2026. A moderation in trade services would be a positive sign that pricing power is beginning to normalise as supply chains adjust. A further widening would suggest businesses are still passing costs down the chain.
Energy sub-index. Energy prices can shift the headline PPI significantly month-to-month. If crude oil prices declined materially during November 2026, the energy sub-index would likely dampen the goods component and pull down the headline reading. Conversely, any oil price spike in November would add to inflationary pressure.
Transportation and warehousing costs. Supply-chain bottlenecks and elevated freight costs have been persistent themes in 2026. A moderation in this category would signal improving logistics conditions and reduced cost pressure on goods producers and retailers.
Market Reaction
Producer price data primarily moves bond markets, but a surprise relative to consensus can ripple across asset classes:

Treasuries: A stronger-than-expected PPI print typically pushes US Treasury yields higher and prices lower, as markets price in a more hawkish Federal Reserve stance. A softer reading would do the opposite, supporting Treasury prices.
US Dollar: Elevated producer inflation can support the dollar by raising expectations for higher-for-longer interest rates. A downside surprise could weaken the dollar as rate expectations are repriced.
Equities: Input cost pressures highlighted in the PPI weigh on corporate profit margin expectations, particularly for goods producers, industrials, and consumer staples companies. A moderation in the PPI would be welcomed by equities as a sign that margin pressure may be easing.
FOMC positioning: The December PPI lands just ahead of the FOMC Rate Decision December 2026, making it one of the final data points the Fed digests before its year-end policy decision. A surprise in either direction could influence pre-meeting trading.

The proximity to year-end amplifies the market sensitivity of the report, as portfolio managers engage in rebalancing and positioning for 2027 during the same period.
How PPI Fits into the Broader US Economic Picture
The November 2026 PPI release lands at a critical juncture in the US inflation cycle. The US CPI Report December 2026, which covers the same November reference month, is also scheduled for mid-December. Together, the two reports will give markets a comprehensive view of the current state of the US inflation pipeline — both at the producer and consumer level.
Producer price inflation in 2026 has been driven primarily by the tariff environment introduced in 2025, which raised the cost of imported intermediate and finished goods. Domestic energy prices and geopolitical tensions have added a second layer of volatility. Whether those factors have begun to stabilise or reverse is the key question for the end of the year.
Looking further ahead, economists broadly expect PPI to trend lower through 2027 as tariff base effects normalise and global supply chains continue to adjust. TradingEconomics projects US producer prices around 3.0% in 2027 and 2.3% in 2028. However, any renewed supply disruption, escalation in trade policy, or energy market shock could delay that normalisation significantly. The December 2026 PPI reading will provide an important early signal of whether the moderation path is on track.
The US Producer Price Index November 2026, released on 13 November, will provide the immediate baseline comparison for the December reading. Investors and policymakers will be comparing the two reports carefully to identify whether November’s data marks the beginning of a turning point.
Frequently Asked Questions
What is the US Producer Price Index?
The PPI is a family of indices published by the Bureau of Labor Statistics that measures average changes in selling prices received by domestic producers for their output. It covers thousands of goods, services, and construction categories across the US economy.
When is the November 2026 PPI released?
The BLS is scheduled to publish the November 2026 PPI data on 15 December 2026 at 8:30 a.m. Eastern Time (13:30 GMT).
How does the PPI differ from the CPI?
The CPI measures prices paid by consumers at the retail level. The PPI measures prices received by producers at the wholesale and factory level. PPI is generally considered a leading indicator for CPI because producer costs often flow through to consumer prices over subsequent months.
Why has US PPI been so elevated in 2026?
Producer price inflation accelerated sharply in 2026, driven by the pass-through of import tariffs introduced in 2025, rising energy costs, and strong goods demand. The April 2026 reading of +6.0% year-over-year was the highest in over three years.
Why does the December PPI matter for the Fed?
The Federal Reserve monitors PPI alongside CPI and PCE inflation data. Persistently high PPI can signal ongoing inflationary pipeline pressure, supporting a higher-for-longer rate stance. The December release falls immediately ahead of the FOMC Rate Decision December 2026, giving it added market significance.

UK CPI Inflation December 2026
2026-12-16 02:00 - 03:00 (America/New_York)
Next UK CPI Inflation: Wednesday, December 16, 2026 at 7:00 am GMT (2:00 am ET, 7:00 am London). Covers November 2026 data.

Consensus
Not yet published
Prior
Not yet published at time of writing (October 2026 CPI)
Actual
Pending

Full schedule and background: UK CPI Inflation.
Updated August 25, 2026

← Previous UK CPI Inflation
The UK Consumer Prices Index (CPI) for November 2026 is due for release on Wednesday, December 16, 2026, at 7:00 am London time (2:00 am ET), published by the Office for National Statistics (ONS). This report covers price changes across the economy for November 2026 and is one of the most closely watched economic releases of the month for the Bank of England, the government and households alike. Full schedule and background: UK CPI report dates.
What is the UK Consumer Prices Index?
The CPI tracks the average change in prices paid by UK households for a fixed basket of goods and services, from food and fuel to rent, clothing and leisure. The ONS updates the basket each year to reflect how people actually spend money, then measures how much that basket would cost from one month to the next.
Two figures matter most. The headline rate includes everything in the basket, including volatile items such as petrol and fresh food. The core rate strips out food, energy, alcohol and tobacco, giving a steadier read on underlying price pressure in the economy. The Bank of England pays close attention to both, but leans more heavily on core and services inflation when judging whether price growth is likely to persist.
Markets watch CPI because it feeds directly into the Bank of England’s interest rate decisions. A basis point is one hundredth of one percentage point, and small shifts in the inflation data can move expectations for whether the Bank will raise, hold or cut its base rate, which in turn affects mortgage rates, savings returns and the value of the pound.
When is the November CPI report released?
The ONS will publish the November 2026 CPI report on Wednesday, December 16, 2026, at 7:00 am London time, which is 2:00 am ET. The release is published on the ONS release calendar and appears simultaneously on the ONS website as a full statistical bulletin with tables and a summary. The date follows the ONS’s standard practice of releasing CPI data around the middle of the month following the reference period, so the November data appears in mid-December.
What is the consensus forecast?
At the time of writing, a consensus forecast for the November 2026 CPI reading had not yet been published. City economists and data providers such as Reuters and Bloomberg typically issue their polled forecasts in the days immediately before the release, once more of the underlying data, including fuel prices and retailer pricing surveys, is available. Readers wanting the latest polled figure closer to December 16, 2026 should check the ONS release page or a financial data provider directly, since forecasts can shift materially in the final week before publication.
Similarly, the October 2026 CPI reading, which would serve as the prior figure for this release, was not independently verifiable from official sources at the time this preview was prepared. The table below will typically be completed with the prior month’s headline and core rates once the October data has been confirmed by the ONS.

Measure
Prior (October 2026)
Consensus (November 2026)

Headline CPI (year-on-year)
To be confirmed via ONS release
Not yet published

Core CPI (year-on-year)
To be confirmed via ONS release
Not yet published

What the result could mean

Scenario
Likely market read
What it means in plain English

Above consensus
Sterling could firm and gilt yields rise as traders price in a lower chance of near-term Bank of England rate cuts
Prices are rising faster than expected, which may keep borrowing costs higher for longer

In line with consensus
A broadly muted reaction, since the print confirms the existing rate-cut or rate-hold path already priced into markets
Inflation is behaving roughly as expected, so the Bank of England’s current stance is unlikely to change quickly

Below consensus
Gilt yields could fall and sterling may soften on expectations that the Bank of England has more room to cut rates
Prices are cooling faster than expected, which could eventually feed through to cheaper mortgages and loans

These are possibilities based on how markets have typically reacted to inflation surprises, not predictions of what will happen on December 16, 2026. Analysts such as those surveyed in Reuters polls generally caution that a single month’s data rarely changes the Bank of England’s policy path on its own.
Why does this release matter right now?
Inflation has been the central issue shaping Bank of England policy since 2022, when price growth spiked well above the Bank’s 2% target. Since then, the Monetary Policy Committee has balanced the need to bring inflation back to target against the risk of slowing growth and pushing up unemployment. Every CPI print is scrutinised for signs of whether services inflation and wage growth, both of which the Bank watches as gauges of domestic price pressure, are cooling in a durable way.
The November reading also lands close to the Bank of England’s final Monetary Policy Committee meeting of 2026, meaning it could be one of the last major data points policymakers see before setting rates into the new year. It will also be read alongside labour market and wage figures from the ONS, since persistent wage growth above the level consistent with 2% inflation tends to keep the Bank cautious about cutting rates too quickly.
What It Means for Your Money

Mortgages and loans: If CPI comes in hotter than expected, expectations for Bank of England rate cuts can fade, which tends to keep fixed mortgage rates and other borrowing costs higher for longer. A cooler than expected reading can have the opposite effect, potentially feeding through to cheaper new fixed-rate mortgage deals over time.
Savings: Higher inflation erodes the real value of cash sitting in savings accounts unless the interest rate paid keeps pace. Savers should compare their account rate with the CPI figure to judge whether their money is keeping up with the cost of living.
Jobs and wages: Inflation data is often paired with pay negotiations. If prices are rising faster than wages, household budgets come under pressure, which is one reason the Bank of England watches wage growth alongside CPI.
Investments and pensions: UK gilts (government bonds) and pension funds that hold them are sensitive to inflation surprises, since higher inflation can reduce the real return on fixed-income investments. Equity markets can also move on rate expectations tied to the data.
The pound: Sterling often reacts to CPI surprises because they shift expectations for Bank of England policy relative to the US Federal Reserve and the European Central Bank. A stronger pound makes imports cheaper and overseas holidays less expensive for UK travellers, while a weaker pound has the opposite effect and can add to imported inflation for UK households and businesses trading with Europe and Asia.

Related events

The previous UK CPI release, covering October 2026 data, is available here: UK CPI Inflation November 2026.
The Bank of England’s Monetary Policy Committee decisions, which respond directly to CPI trends, are tracked on the site’s UK rate decision pages.
UK labour market and average earnings data, published separately by the ONS, is often read alongside CPI to judge underlying inflation pressure.

Frequently Asked Questions
What time is the November 2026 UK CPI report released?
The ONS publishes the report at 7:00 am London time on December 16, 2026, which is 2:00 am ET.
Where can I find the official CPI release?
The full statistical bulletin is published on the ONS release calendar alongside downloadable tables and a plain-English summary.
How does CPI affect UK interest rates?
The Bank of England’s Monetary Policy Committee uses CPI, particularly the core and services measures, as a key input when deciding whether to raise, hold or cut the base rate, which in turn affects mortgage and savings rates across the country.
What is the difference between headline and core CPI?
Headline CPI includes all items in the basket, including volatile food and energy prices, while core CPI strips these out to show underlying price pressure that is less affected by short-term swings.
When is the next UK CPI report due?
The December 2026 CPI report, covering the final month of the year, is typically published by the ONS in mid-January 2027, following the same monthly release pattern.
← Previous UK CPI Inflation

Riksbank Rate Decision December 2026
2026-12-16 03:30 - 04:30 (America/New_York)
Next Riksbank Rate Decision: Wednesday, December 16, 2026 at 9:30 am CET (3:30 am ET, 8:30 am London).

Consensus
A consensus forecast specific to this meeting has not yet been published; most economists expect a hold at 1.75%
Prior
Held at 1.75% (November 11, 2026)
Actual
Pending

Full schedule and background: Riksbank Rate Decision.
Updated September 2, 2026

← Previous Riksbank Rate Decision
Sweden’s central bank, the Riksbank, announces its final interest rate decision of 2026 on Wednesday, December 16, 2026 at 3:30 am ET (8:30 am London, 9:30 am CET). The Executive Board currently holds the policy rate at 1.75%, its level since a quarter-point cut in September 2026. The decision is published alongside the Monetary Policy Update, and Governor Erik Thedéen typically holds a press conference shortly after the release. Full schedule and background: Riksbank Rate Decision.
What is the Riksbank and what does it decide?
The Riksbank is Sweden’s central bank, one of the oldest in the world, and is responsible for setting the policy rate that governs the cost of borrowing throughout the Swedish economy. Its mandate, set by the Riksdag (Sweden’s parliament), is to maintain price stability, targeting inflation of 2% as measured by the CPIF (consumer price index with a fixed interest rate), while also supporting a balanced development of production and employment where this does not conflict with the price stability goal.
Decisions are made by the Executive Board, a six-member committee that includes the Governor and five Deputy Governors. Votes are taken on a majority basis, with the Governor holding the casting vote in the event of a tie. The Board meets to set the policy rate five times a year, publishing a full Monetary Policy Report or Update at each meeting, with the December meeting typically the last of the calendar year before the cycle restarts in early 2027.
The Riksbank’s decisions matter well beyond Sweden. As one of Europe’s inflation-targeting central banks operating outside the eurozone, its policy stance is watched by investors trading the Swedish krona and by Nordic and European fixed-income markets, and it is sometimes viewed as an early signal of how smaller advanced economies are responding to shifts in eurozone and US monetary policy.
When is the December Riksbank decision announced?
The policy rate announcement and accompanying Monetary Policy Update are published at 9:30 am CET (3:30 am ET, 8:30 am London) on December 16, 2026. The statement sets out the Executive Board’s rate decision and its updated forecast for the policy rate path, growth and inflation. A press conference with the Governor follows the release, generally within an hour, where journalists question the Board on its reasoning and the balance of risks. Minutes of the meeting, showing individual Board members’ views and any dissents, are usually published around a week after the decision, on the Riksbank’s website.
What to expect
The Riksbank has held its policy rate at 1.75% since cutting by 25 basis points in September 2026, following a series of cuts through 2025 that brought the rate down from its post-pandemic peak. At its November 2026 meeting the Board again left the rate unchanged, judging that elevated inflation had begun to ease while economic activity was gradually recovering, according to Morningstar Nordics. Economists at SEB have said they expect the policy rate to be kept unchanged through the rest of 2026, while flagging some downside risk to that view, per the same report.
For the December meeting, most analysts covering Swedish rates expect the Board to leave the policy rate unchanged at 1.75%, in line with the flat rate path it signalled in its own forecasts published earlier in the year. A change in either direction would be a shift from that guidance, so markets will focus closely on any revision to the projected rate path in the Monetary Policy Update rather than on the headline decision alone.

Meeting
Decision
Rate after meeting

September 2026
Cut 25bp
1.75%

November 2026
Held
1.75%

December 2026
Decision pending
To be confirmed

Earlier 2026 decisions, including the Board’s first meeting of the year, also left the rate unchanged at 1.75% following three cuts made across 2025, according to Sveriges Riksbank.
Market impact scenarios

Scenario
Likely market read
What it means in plain English

Hold at 1.75%
Expected outcome; muted krona reaction unless the rate path forecast changes
Borrowing costs in Sweden stay where they are; the Riksbank sees the current setting as appropriate for now

Cut to 1.50%
Krona likely to weaken; seen as a dovish surprise given recent guidance
The Riksbank judges inflation or growth has weakened enough to justify cheaper borrowing across the economy

Hawkish hold or hike signal
Krona likely to strengthen; Swedish bond yields could rise
The Board flags that a rate increase is more likely later in 2027 because inflation risks have grown

What will the statement and press conference signal?
Investors and economists will scrutinise the Monetary Policy Update for any change to the projected rate path, since the Riksbank has repeatedly said it expects the policy rate to remain at 1.75% “for some time to come”. Any adjustment to that language, or to the inflation and growth forecasts underpinning it, would be read as forward guidance about the direction of the next move. Analysts will also watch the vote split in the minutes for signs of dissent among the six Executive Board members, which can hint at how close the Board is to changing course, and any commentary on the krona’s exchange rate, since a weak currency can add to imported inflation.
What It Means for Your Money
For people with a mortgage in Sweden, a held rate means monthly repayments on variable-rate loans stay roughly where they are, while a cut would ease pressure on household budgets and a hike would raise it. Savers with Swedish krona deposits will see little change to savings rates if the Riksbank holds, but a cut typically feeds through to lower returns on instant-access and fixed savings accounts within weeks.
The decision also affects currency markets: a more dovish tone tends to weaken the krona against the pound, dollar and euro, making Swedish exports cheaper abroad but imports, including energy and food, more expensive at home. For people in the UK and eurozone, the Riksbank’s stance offers a read on how smaller, open European economies are managing the trade-off between inflation and growth, which can inform expectations for the Bank of England and European Central Bank even though those institutions set policy independently. Pension funds and investors holding Nordic equities or bonds may see modest price moves in Swedish assets around the announcement, particularly in rate-sensitive sectors such as banks and housebuilders.
Anyone with a variable-rate loan, a tracker mortgage, or savings held in Swedish krona should treat this decision as a signal of the general direction of borrowing costs in Sweden over the coming months, rather than something that changes their finances overnight.
Related events

Previous decision: Riksbank Rate Decision, November 2026
Full schedule and background: Riksbank Rate Decision hub
Swedish inflation (CPIF) and labour market data released in the weeks before the meeting typically shape the Board’s final decision

Frequently Asked Questions
What time is the December 2026 Riksbank decision announced?
The decision is published at 9:30 am CET on December 16, 2026, which is 3:30 am ET and 8:30 am London time.
Will the Riksbank cut rates in December 2026?
Most economists expect the Riksbank to hold the policy rate at 1.75%, according to forecasts cited by Morningstar Nordics, though a consensus figure specific to this meeting has not yet been published.
What is the Riksbank’s current policy rate?
The policy rate has stood at 1.75% since the Riksbank’s September 2026 cut, and was held at that level at the November 2026 meeting.
When is the next Riksbank meeting after December 2026?
The Riksbank’s 2027 meeting calendar is published on the Riksbank’s official calendar page, which lists the exact dates once confirmed.
Where can I watch the Riksbank press conference?
The press conference is streamed live on the Riksbank’s official website shortly after the rate decision is published.
← Previous Riksbank Rate Decision
