| ESUN | -MON | 二TUE | =WED | 四THU | 五FRI | 六SAT | | --- | --- | --- | --- | --- | --- | --- | | | | | | 01元旦 | 02+四 | 03+五 | | | | | | 美国至12月26日 | 美国12月标普 | 2026年FOMC | | | | | | 当周EIA天然气 | 全球制造业PMI | 票委、费城联 | | | | | | 库存(2025) | 终值 (2025) | 储主席保尔森 | | | | | | | 欧元区12月制 | 发表讲话 | | | | | | | 造业PMl终值 | | | | | | | | (2025) | | | 04+六 | 05小寒 | 06+// | 07+九 | 08=+ | 09 +- | 10+= | | | 中国12月RATING- | 美国12月标普全 | 中国12月外汇 | 美国至1月3日当周 | 中国12月CPI、 | 美国至1月9日 | | | DOG服务业PMI | 球服务业PMl终值 | 储备(2025) | 初请失业金人数 | PPI (20 ...

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints The report provides a weekly hot - spot preview from December 1 - 7, 2025, including the expected data of various economic indicators and their potential impacts on the futures market [2]. 3. Summary by Relevant Catalog This Week's Key Focus - On December 1 at 09:45, Markit will release China's November SPGI manufacturing PMI [2]. - On December 4 at 21:30, the US Department of Labor will announce the initial jobless claims for the week ending November 29 [2]. - On December 5 at 23:00, the US Department of Commerce will release the US September PCE price index [2]. - On December 7 at 16:00, the People's Bank of China will announce November foreign exchange reserves and gold reserves [2]. This Week's Hot - Spot Preview December 1 - China's November SPGI manufacturing PMI: Expected to be 51.1 (previous 50.9). A slight increase may help industrial and stock index futures rise and suppress treasury bond futures [2]. - US November ISM manufacturing PMI: Expected to be 48.5 (previous 48.7). A slight decrease may suppress non - ferrous metals, crude oil and related futures, but help gold and silver futures [3]. December 2 - Eurozone November CPI initial value: Expected harmonized CPI annual rate - unadjusted initial value is 2.1% (same as previous) [4]. - Eurozone October unemployment rate: Expected to be 6.3% (same as previous) [7]. December 3 - China's November SPGI services PMI and composite PMI: Expected services PMI is 51.9 (previous 52.6), composite PMI is 51.5 (previous 51.8). A slight decrease may suppress stock index and commodity futures, but help treasury bond futures [8]. - US November ADP employment change: Expected new employment is 55,000 (previous 42,000). An increase may help non - ferrous metals, crude oil and related commodity futures, but suppress gold and silver futures [9]. - US September industrial production monthly rate: Expected to be 0 (previous 0.1%) [10]. - US November ISM non - manufacturing PMI: Expected to be 53.5 (previous 52.4). A slight increase may suppress gold and silver futures [11]. - US EIA crude oil inventory change for the week ending November 28: A continued increase may suppress crude oil and related commodity futures [12]. December 4 - November下旬 prices of important production materials in the circulation field: The National Bureau of Statistics will release prices of 9 categories and 50 products [13]. - Eurozone October retail sales: Previous monthly rate was - 0.1%, annual rate was 1.0% [14]. - US initial jobless claims for the week ending November 29: Expected to be 212,000 (previous 216,000). A slight decrease may suppress gold and silver futures and help other industrial futures [15]. December 5 - US September factory orders monthly rate: Previous was 1.4% [16]. - US September PCE price index: Expected annual rate is 2.7% (same as previous), core annual rate is 2.9% (same as previous), core monthly rate is 0.3% (previous 0.2%). Specific changes may strengthen the market's expectation of a 25 - basis - point interest rate cut by the Fed in December [17]. - US September personal expenditure monthly rate: Expected to be 0.4% (previous 0.6%) [18]. - US September personal income monthly rate: Expected to be 0.4% (same as previous) [19]. - US December University of Michigan consumer confidence index initial value: Expected to be 52 (previous 51). An increase may help non - ferrous metals, crude oil and related commodity futures, but suppress gold and silver futures [20]. December 7 - China's November foreign exchange reserves: Previous was $3343 billion, gold reserves were 74.09 million ounces [21].

Group 1 - The U.S. August retail sales month-on-month rate is expected to be 0.3%, down from the previous value of 0.5% [1] - The U.S. August industrial production month-on-month rate is anticipated to be 0%, an improvement from the previous value of -0.1% [2] - The U.S. crude oil inventory change for the week ending September 12 is expected to show an increase from the previous value of 3.939 million barrels [3] Group 2 - The Federal Reserve is expected to announce a 93.4% probability of a 25 basis point rate cut, lowering the policy rate range to 4%–4.25% [4] - The Bank of Japan is anticipated to maintain the benchmark interest rate at 0.5% and keep the 10-year government bond yield target unchanged [5]

Group 1 - The industrial output in South Korea for June showed a month-on-month increase of 1.6%, aligning with market expectations [1] - The previous value of industrial output was revised from -2.90% to -3.3%, indicating a downward adjustment in prior performance [1]

Core Insights - The industrial production in the United States for June increased by 0.3%, surpassing the expected growth of 0.1% and correcting the previous value from -0.20% to 0% [1] Summary by Category - **Industrial Production** - June's industrial output rose by 0.3% compared to the previous month [1] - The actual growth exceeded market expectations, which were set at 0.1% [1] - The prior month's figure was revised from -0.20% to a flat 0% [1]

Group 1 - The Cleveland Fed President, Harker, will deliver a speech in ten minutes [1] - The U.S. industrial production month-on-month rate for June will be released in ten minutes [1]

Group 1 - The article highlights key financial events and economic data to be monitored on July 16, including speeches from various Federal Reserve officials and important economic indicators such as CPI and PPI [1][1][1] - The focus includes the release of the UK June CPI at 14:00, which is crucial for understanding inflation trends in the UK [1] - The US June PPI is scheduled for release at 20:30, providing insights into producer price changes and inflationary pressures [1][1] Group 2 - The Eurozone's adjusted trade balance for May will be released at 17:00, which is significant for assessing trade dynamics within the region [1] - Industrial production data for the US for June will be available at 21:15, indicating manufacturing and production trends [1] - The Federal Reserve's Beige Book, detailing economic conditions, will be published at 02:00 the following day, offering a comprehensive overview of the economic landscape [1]

Group 1 - The ZEW Economic Sentiment Index for Germany and the Eurozone is set to be released shortly, indicating potential shifts in economic outlook [1] - The industrial production month-on-month rate for the Eurozone in May will also be published, which could provide insights into manufacturing trends [1]

Core Viewpoint - Japan's industrial production for May showed a final month-on-month change of -0.1%, a decline from the previous value of 0.5% [1] Summary by Category - **Industrial Production** - The final month-on-month industrial output in Japan for May was reported at -0.1% [1] - This represents a decrease compared to the prior month's figure of 0.5% [1]

Group 1 - The core point of the article indicates that the UK's industrial output for May decreased by 0.9%, which was below the expected 0% and worse than the previous value of -0.6% [1]