Calendar: Dec 8 – Dec 12

Monday December 8

China foreign reserves, trade surplus, aggregate yuan financing new yuan loans

Japan real cash earnings, real GDP and bank lending

Germany industrial production

Earnings include: Toll Brothers Inc.

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Tuesday December 9

Japan machine tool orders

Germany trade surplus

(10 a.m. ET) U.S. Job Openings & Labor Turnover Survey for October.

Also: U.S. Fed meeting begins

Earnings include: AutoZone Inc.; Ferguson Enterprises Inc.; Groupe Dynamite Inc.

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Wednesday December 10

China CPI and PPI

(8:30 a.m. ET) U.S. employment cost index for Q3. The Street expects a rise of 0.9 per cent from Q2 and up 3.7 per cent year-over-year.

(9:45 a.m. ET) Bank of Canada policy announcement with Governor Tiff Macklem’s press conference to follow.

(2 p.m. ET) U.S. budget balance.

(2 p.m. ET) U.S. Fed announcement and summary of economic projections with Chair Jerome Powell’s press briefing to follow.

Earnings include: Lennar Corp.; Major Drilling Group International Inc.; Synopsys Inc.; TerraVest Industries Inc.; Transcontinental Inc.

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Thursday December 11

(8:30 a.m. ET) Canada’s merchandise trade balance for September.

(8:30 a.m. ET) Canada’s national balance sheet and financial flow accounts for Q3.

(8:30 a.m. ET) U.S. initial jobless claims for week of Dec. 6. Estimate is 215,000, up 24,000 from the previous week.

(8:30 a.m. ET) U.S. goods and services trade deficit for September.

(10 a.m. ET) U.S. wholesale inventories for September.

(10 a.m. ET) U.S. quarterly services survey for Q3.

Earnings include: Adobe Systems Inc.; Broadcom Inc.; Costco Wholesale Corp.; Dollarama Inc.; Empire Co. Ltd.; Lululemon Athletica Inc.

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Friday December 12

Japan industrial production

Germany CPI

(8:30 a.m. ET) Canada’s capacity utilization for Q3.

(8:30 a.m. ET) Canadian building permits for October.

(8:30 a.m. ET) Canada’s wholesale trade for October.

(8:30 a.m. ET) Canadian new