What are the main events for today?

European Session

The European session's highlight was the UK GDP report, which beat expectations across the board. However, it did not alter the Bank of England's stance, which remains focused on inflation. Upcoming releases include final CPI data from France and Spain, as well as Eurozone Industrial Production, but none are likely to impact the ECB significantly.

American Session

In the American session, the US Jobless Claims data takes center stage. Initial Claims are forecasted at 215K, with previous figures at 208K; Continuing Claims are seen at 1893K versus 1914K prior. This data continues to suggest a "low firing, low hiring" labor market with minor improvements. However, unless there are significant deviations from estimates, it is unlikely to shift expectations significantly. Additional data includes the Philly Fed index and November import/export prices, which are not expected to move the market much.

Central Bank Speakers

- 09:00 GMT/04:00 ET - ECB's de Guindos (neutral - voter) - 13:35 GMT/08:35 ET - Fed's Bostic (hawkish - non-voter) - 14:15 GMT/09:15 ET - Fed's Barr (neutral - voter) - 17:40 GMT/12:40 ET - Fed's Barkin (neutral - non-voter) - 18:30 GMT/13:30 ET - Fed's Schmid (hawkish - non-voter) While no major surprises are anticipated, there is keen interest in the data indicative of labor market health.