Publication date: December 12, 2025

The week ahead: Labor market data and inflation figures!

In Money Care's weekend report, we present you with the overview of the (macroeconomic) events that could cause movement in the stock markets.

Review of last week:

For investors, the past week revolved around the US interest rate decision and the Fed's explanation of its interest rate policy. As expected, interest rates were cut by 0.25% on Wednesday evening. In the press conference, Fed Chairman Powell announced that he wanted to wait and see how the economy develops and that this interest rate cut would be the last for the time being. The financial markets had already incorporated the interest rate cut into prices and reacted somewhat disappointed to the Fed's statements. Future interest rate policy is surrounded by uncertainty and depends entirely on the macroeconomic data published in the coming months.

Next week:

In the coming week, important macroeconomic data will be released and we can count on nervous price movements.
Tuesday is the delayed release of monthly labor figures for November in the US. These Non Farm Payrolls are very important for interest rate policy in the US. The labor market is a focal point for the Fed but has been developing moderately for some time.

On Thursday, we look forward to the release of the US Consumer Price Index for November. Inflation in the US has been too high at 3% year-on-year for a long time. It is important for financial markets that inflation has not risen further as a result of interest rate cuts in recent months.

On Wednesday the EU Consumer Price Index will be released and on Thursday the European Central Bank will make its interest rate decision. In the EU, inflation is well under control and the ECB's interest rate policy is therefore stable. The market expects EU inflation to have risen from 2.1% to 2.2% in November.

The stock market calendar week 51

Herewith the most important macroeconomic data for the coming week. The data may cause additional movement in financial markets.

Monday, December 15, 2025:

Tuesday, December 16, 2025:

United States:

• 14.30 Average hourly earnings November
• 14.30 New nonfarm jobs November
• 14.30 Unemployment rate
• 15.45 Services purchasing managers index (PMI)
• 15.45 Manufacturing purchasing managers index (PMI)
  
  

Wednesday, December 17, 2025:

• 14.30 Retail Sales October

EU:

• 11.00 Consumer Price Index November
  
  

Thursday, December 18, 2025:

• 14.30 Consumer Price Index November

EU:

• 14.15 ECB interest rate decision
• 14.45 ECB press conference
  
  

Friday, December 19, 2025:

No important macroeconomic dates

Please note that dates and times of these events may change. For the most up-to-date information, it is advisable to consult the official communication channels of the relevant organizations and governments.

Disclaimer: Investinginvolves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts' own insights and experiences. They are therefore for educational purposes only.