1. Monday: ① Data: China's November total electricity consumption data; China's November year-to-date national installed power generation capacity data (pending); China's one-year loan prime rate (LPR) as of December 22; UK Q3 GDP annualized final re

2025-12-22

1. Monday: ① Data: China's November total electricity consumption data; China's November year-to-date national installed power generation capacity data (pending); China's one-year loan prime rate (LPR) as of December 22; UK Q3 GDP annualized final reading; UK Q3 current account. ② Event: A new round of price adjustments for domestic refined oil products will begin. 2. Tuesday: ① Data: Switzerland's December ZEW investor confidence index; Canada's October GDP month-on-month rate; US Q3 real GDP annualized quarter-on-quarter rate (preliminary); US Q3 real personal consumption expenditure quarter-on-quarter rate (preliminary); US Q3 core PCE price index annualized quarter-on-quarter rate (preliminary); US October durable goods orders month-on-month rate; US November industrial production month-on-month rate; US December Conference Board Consumer Confidence Index; US December Richmond Fed Manufacturing Index. ② Event: Reserve Bank of Australia releases minutes of its December monetary policy meeting. 3. Wednesday: ① Data: Total U.S. oil rig count for the week ending December 26; U.S. API crude oil inventories for the week ending December 19; U.S. initial jobless claims for the week ending December 20. ② Event: Bank of Canada releases minutes of its monetary policy meeting. ③ Holiday Schedule: The New York Stock Exchange will close early at 02:00 Beijing time on the 25th; ICE Brent crude oil futures trading will end early at 03:00 Beijing time on the 25th; the Sydney Stock Exchange will close early at 11:10 Beijing time; the Deutsche Börse will be closed for the day; the Paris Stock Exchange will trade for half a day; the Milan Stock Exchange will be closed for the day; the Madrid Stock Exchange will close early at 21:00 Beijing time; the London Stock Exchange will close early at 20:30 Beijing time; the Hong Kong Stock Exchange will trade for half a day, closing randomly between 12:08 and 12:10; CME Group's US Treasury futures trading will end early at 03:30 Beijing time on the 25th; the Toronto Stock Exchange will close early at 02:00 Beijing time on the 25th; the New Zealand Stock Exchange will trade for half a day. 4. Thursday: ① Events: Bank of Japan Governor Kazuo Ueda will deliver a speech at the Japan Business Federation; 300 billion yuan of 1-year Medium-term Lending Facility (MLF) and 88.3 billion yuan of 7-day reverse repos will mature today. ② Holidays: The New York Stock Exchange (NYSE) is closed for one day; the Seoul Stock Exchange is closed for one day; trading in CME Group's precious metals, crude oil, foreign exchange, and stock index futures contracts is suspended for the entire day; trading in ICE Brent crude oil futures contracts is suspended for the entire day; the Sydney Stock Exchange is closed for one day; the Deutsche Börse is closed for one day; the Paris Stock Exchange is closed for one day; the Milan Stock Exchange is closed for one day; the Madrid Stock Exchange is closed for one day; the London Stock Exchange is closed for one day; the Hong Kong Stock Exchange is closed for one day, and northbound and southbound trading is closed; the Taiwan Stock Exchange is closed for one day; trading in CME Group's US Treasury futures contracts is suspended for the entire day; the Toronto Stock Exchange is closed for one day; the National Stock Exchange of India is closed for one day; and the New Zealand Stock Exchange is closed for one day. 5. Friday: ① Data: Japan's November unemployment rate. ② Holidays: The Sydney Stock Exchange is closed for one day; Deutsche Börse is closed for one day; the Paris Stock Exchange is closed for one day; the Milan Stock Exchange is closed for one day; the Madrid Stock Exchange is closed for one day; the London Stock Exchange is closed for one day; the Hong Kong Stock Exchange is closed for one day, and northbound and southbound trading is closed; trading of US Treasury futures contracts on the CME Group is suspended from 14:00 to 19:00 Beijing time; the Toronto Stock Exchange is closed for one day; and other stock exchanges are closed for one day.