PCE

Key events: USA - GDP (QoQ) (Q1) USA - Initial Jobless Claims USA - Crude Oil Inventories USA - FOMC Member Williams Speaks The Dow closed sharply lower on Wednesday, influenced by rising Treasury yields and weakness in industrial stocks, particularly airlines, which dropped significantly due to demand concerns after American Airlines revised its Q2 profit guidance downward.

Key events:  UK - BoE MPC Member Broadbent Speaks Canada - New Housing Price Index (MoM) (Nov) Eurozone - ECB's Schnabel Speaks Eurozone - ECB's Lane Speaks On the closing bell last Friday, Wall Street witnessed a blend of outcomes, and the dollar staged a recovery as market participants took a pause after a week marked by crucial central bank decisions and economic data releases. Treasury yields made a descent to levels not seen in several months.

Key events: Eurozone - ECB McCaul Speaks Eurozone - ECB President Lagarde Speaks US stocks are declining as the global growth forecast continues to worsen due to weak global PMI readings. The risk of a severe economic downturn is higher for Europe compared to the US, which could maintain support for the dollar in the short term.

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Key events: UK – Manufacturing PMI (Nov) USA – Core PCE Price Index (MoM) (Oct) USA – Initial Jobless Claims   USA – ISM Manufacturing PMI (Nov) The U.S. dollar is declining against major currencies in trading Thursday morning after a speech the day before by U.S. Federal Reserve (Fed) Chairman Jerome Powell.

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