On December 21, next week will welcome the Christmas market, with U.S. stocks closing early on Wednesday and being closed all day on Thursday. The market is focusing on whether Trump will announce the nominee for the chair of the Fed during the Christmas period. Currently, Kevin Hasset, the Director of the National Economic Council, has a significantly higher probability of becoming the next chair of the Fed at about 54%, while former Fed governor Kevin Warsh has a nomination probability of about 21%, and Fed governor Christopher Waller has a nomination probability of about 14%. Important macro events and data for next week are as follows:

Tuesday:
The initial value of the annualized quarterly rate of real GDP in the United States for the third quarter;
Preliminary value of the U.S. third quarter real personal consumption expenditures quarter-on-quarter;
The preliminary quarterly annualized rate of the core PCE price index for the third quarter in the United States;
Wednesday:
The Bank of Canada releases the minutes of the monetary policy meeting.
The number of initial jobless claims in the U.S. for the week ending December 20;
Thursday:
Bank of Japan Governor Kazuo Ueda gave a speech at the Japan Business Federation.
Japan's unemployment rate in November;
Market Closure Reminder: The Hong Kong Stock Exchange will have a half-day session on Wednesday, and the New York Stock Exchange will close early at 02:00 Beijing time on the 25th; the US stock market will be closed on Christmas Day, Thursday. #成长值抽奖赢金条和精美周边