United States (US) Treasury Secretary Scott Bessent said that he would, going forward, press for the Fed's Board of Governors in Washington to veto appointments of candidates who have not satisfied that threshold at the New York Times DealBook Summit on Wednesday.

Russia Unemployment Rate in line with expectations (2.2%) in October

European Central Bank (ECB) President Christine Lagarde said that growth in economic activity should benefit from increased household spending and a resilient labor market, testifying before the Committee on Economic and Monetary Affairs of the European Parliament, in Brussels on Wednesday.

The Pound Sterling (GBP) is the day’s top G10 performer after Norwegian Krone (NOK), with sentiment-driven buying pushing GBP higher as risk reversals recover to late-August levels, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

United States ISM Services PMI came in at 52.6, above expectations (52.1) in November

United States ISM Services Employment Index increased to 48.9 in November from previous 48.2

United States ISM Services New Orders Index: 52.9 (November) vs previous 56.2

United States ISM Services Prices Paid fell from previous 70 to 65.4 in November

US Treasury Secretary Scott Bessent said on Wednesday that he is advocating that regional Federal Reserve (Fed) bank presidents must have lived in their district for three years, per Reuters.

United States S&P Global Services PMI registered at 54.1, below expectations (55) in November

United States S&P Global Composite PMI below forecasts (54.8) in November: Actual (54.2)

United States Capacity Utilization registered at 75.9%, below expectations (77.3%) in September

United States Industrial Production (MoM) came in at 0.1%, above forecasts (0%) in September

In her introductory statement before the European Parliament’s Committee on Economic and Monetary Affairs (ECON), European Central Bank (ECB) President Christine Lagarde said the Eurozone economy should gain support from improving household spending and a resilient labour market.

United States Import Price Index (YoY) up to 0.3% in September from previous 0%

United States Import Price Index (MoM) came in at 0%, below expectations (0.1%) in September

United States Export Price Index (MoM) came in at 0% below forecasts (0.1%) in September

Canada Labor Productivity (QoQ) came in at 0.9%, above expectations (0.4%) in 3Q

United States Export Price Index (YoY) climbed from previous 3.4% to 3.8% in September

United States ADP Employment Change came in at -32K below forecasts (5K) in November

Australia’s economy expanded 0.4% in Q3, below the RBA’s 0.5% forecast, though Q2 growth was revised up to 0.7%, keeping the annual pace near 2%.

Istanbul’s November CPI fell to 38.3% y/y from 40.8% in October, signaling potential moderation in today’s national CPI figures, with consensus forecasts pointing to a decline in Turkey’s headline inflation from 32.9% to 31.7% y/y. 1.

United States MBA Mortgage Applications down to -1.4% in November 28 from previous 0.2%

The United States (US) Automatic Data Processing (ADP) Employment Change data for November is due for release today at 13:15 GMT.

European Central Bank (ECB) executive board member and Chief Economist Philip Lane said during the European trading session that monetary policy adjustments are required only if there is a large and persistent deviation in economic data.

Silver continues its rally, approaching the upper band of a multi-month ascending channel near $59.60/59.90, after breaking out of a brief consolidation, Société Générale's FX analysts note.

November PMIs point to further weakening of growth momentum. Both manufacturing PMIs in contraction territory, divergence narrows. Services and composite PMIs also came down. More targeted support expected to safeguard GDP growth in 2026, ABN AMRO's Senior Economist Arjen van Dijkhuizen reports.

United Kingdom S&P Global Services PMI came in at 51.3, above expectations (50.5) in November

United Kingdom S&P Global Composite PMI came in at 51.2, above expectations (50.5) in November

A report from Reuters has stated that Chinese officials have provided suggestions on how a 5% Gross Domestic Product (GDP) growth rate can be achieved in 2026 too.