United States RealClearMarkets/TIPP Economic Optimism (MoM) above expectations (44.1) in December: Actual (47.9)

New Zealand GDT Price Index declined to -4.3% from previous -3%

Silver briefly rose to $58.84 per troy ounce, marking a temporary halt after a 10% spike since Friday and lifting its year-to-date gains above 100%.

After briefly dipping below 0.92 last month, EUR/CHF has trended higher, supported by Switzerland’s strong economic fundamentals.

The Platinum price has risen by more than 80% in the year that is coming to an end, putting it on track for its strongest annual gain since exchange trading began 38 years ago.

United States Redbook Index (YoY) climbed from previous 5.9% to 7.6% in November 28

In mid-October, the Silver price exceeded the $50 per troy ounce mark for the first time, reaching a record high. At the end of November, this record was broken once again. The current all-time high is almost $59. The price of Silver has doubled since the beginning of the year.

With an increase of more than 60%, the price of Gold is on track for its strongest annual gain since 1979.

Singapore Manufacturing PMI up to 50.2 in November from previous 50.1

European Central Bank (ECB) Governing Council (GC) member Joachim Nagel said during Tuesday’s European session that inflation in the Eurozone is practically at target and will stay near these levels.

Italy Producer Price Index (MoM): -0.2% (October) vs previous 0.2%

Italy Producer Price Index (YoY) fell from previous 1.1% to 0.1% in October

The Euro-area flash inflation estimate for November remained close to the ECB’s target at 2% y/y, supporting an ECB that is on hold unless new shocks appear.

Spain 12-Month Letras Auction remains unchanged at 1.99%

Spain 6-Month Letras Auction declined to 1.931% from previous 1.944%

Greece Unemployment Rate (MoM) up to 8.6% in October from previous 8.2%

Markets welcomed Moody’s decision to maintain Hungary’s sovereign rating with a negative outlook, seeing the risk of a downgrade as already priced in after higher fiscal targets were announced.

South Africa Gross Domestic Product (QoQ) down to 0.5% in 3Q from previous 0.8%

South Africa Gross Domestic Product (YoY) climbed from previous 0.6% to 2.1% in 3Q

USD/ZAR is consolidating between 17.00 and 17.48 after testing the 2024 low, with traders eyeing a breakout to confirm a short-term move, Société Générale's FX analysts note.

Italy Unemployment below expectations (6.1%) in October: Actual (6%)

Bank of Japan Governor Kazuo Ueda has strongly suggested that the December 19 meeting could mark the end of the long pause in rate hikes, reinforcing expectations of a policy move driven by persistent inflation and fresh fiscal stimulus.

Spain Unemployment Change below forecasts (-12.4K) in November: Actual (-18.805K)

Spain Unemployment Change came in at -18.8K, below expectations (-12.4K) in November

European Central Bank (ECB) policymaker Martin Kocher stated during the European trading session on Tuesday that the central bank should “keep powder dry and be able to react if needed”.

France Budget Balance up to €-136.17B in October from previous €-155.4B

Here is what you need to know on Tuesday, December 2:

United Kingdom Nationwide Housing Prices n.s.a (YoY) came in at 1.8%, above expectations (1.4%) in November

United Kingdom Nationwide Housing Prices s.a (MoM) above forecasts (0%) in November: Actual (0.3%)

Japan Consumer Confidence Index came in at 37.5, above expectations (35.9) in November