The Federal Open Market Committee (FOMC) released the Minutes of the December meeting, and the document showed that most participants are willing to deliver additional rate cuts if inflation declines over time.

United States Chicago PMI came in at 43.5, above expectations (39.5) in December

Despite notable gains across major currencies this year, purchasing power parity measures show the US Dollar (USD) remains overvalued versus its peers, with limited upside for Euro (EUR) and growing downside risks emerging most clearly in GBP/AUD as relative rate support erodes heading into 2026, So

Despite improving risk appetite into year-end, investors have used the rebound to scale back exposure to previously top-performing equity markets, with US portfolio weightings falling notably from early-year peaks, BNY's economists report.

United States Housing Price Index (MoM) above forecasts (0.1%) in October: Actual (0.4%)

United States S&P/Case-Shiller Home Price Indices (YoY) above expectations (1.1%) in October: Actual (1.3%)

United States Redbook Index (YoY) increased to 7.6% in December 26 from previous 7.2%

India M3 Money Supply fell from previous 9.9% to 9.3% in December 8

Greece Producer Price Index (YoY): 0.1% (November) vs -1.4%

Spain Current Account Balance: €7.18B (October) vs €1.87B

Silver prices have surged sharply in 2025, up almost 150% and most industry analysts argue for fundamentally justified reasons, Société Générale's analysts note.

Spain Consumer Price Index (YoY) dipped from previous 3% to 2.9% in December

Spain Consumer Price Index (MoM) increased to 0.3% in December from previous 0.2%

Spain Retail Sales (YoY) rose from previous 3.8% to 6% in November

Austria Producer Price Index (YoY) declined to -1.3% in November from previous -1.2%

Spain Harmonized Index of Consumer Prices (MoM) climbed from previous 0% to 0.3% in December

Austria Producer Price Index (MoM) up to 0.3% in November from previous 0.2%

Spain Harmonized Index of Consumer Prices (YoY) meets expectations (3%) in December

Turkey Economic Confidence Index remains unchanged at 99.5 in November

Russia S&P Global Services PMI up to 52.3 in December from previous 52.2

On Tuesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0348 compared to the previous day's fix of 7.0056 and 7.0112 Reuters estimate.

South Korea BOK Manufacturing BSI unchanged at 70 in December

South Korea Service Sector Output rose from previous -0.6% to 0.7% in November

United States EIA Natural Gas Storage Change climbed from previous -167B to -166B in December 19

United States Dallas Fed Manufacturing Business Index dipped from previous -10.4 to -10.9 in December

United States Pending Home Sales (YoY) up to 2.6% in November from previous -0.4%

United States Pending Home Sales (MoM) registered at 3.3% above expectations (1%) in November

India Manufacturing Output rose from previous 1.8% to 8% in November

India Industrial Output up to 6.7% in November from previous 0.4%

Eurozone CFTC EUR NC Net Positions rose from previous €138.8K to €144.9K