The Commerce Department released a report on Tuesday showing business inventories in the U.S. increased in line with economist estimates in the month of September. The report said business inventories rose by 0.2 percent in September after coming in unchanged in August.

A report released by the Commerce Department on Tuesday showed retail sales in the U.S. were roughly flat in the month of October. The Commerce Department said retail sales were virtually unchanged in October after inching up by a downwardly revised 0.1 percent in September. Economists had expected retail sales to rise by 0.2 percent.

Employment in the U.S. increased by more than expected in the month of November, according to a report released by the Labor Department on Tuesday, although the job growth followed a notable decrease in employment in October. The report said non-farm payroll employment climbed by 64,000 jobs in November after tumbling by 105,000 jobs in October.

The euro area private sector growth eased in December as the manufacturing sector contracted and the services activity logged a weaker expansion, a flash survey compiled by S&P Global showed on Tuesday. The HCOB composite output index, which measures overall private sector activity, dipped to 51.9 in December from a final reading of 52.8 in November.

The British pound strengthened against other major currencies in the European session on Tuesday, after the UK PMI showed an improvement in the private sector for the month of December.

German economic sentiment strengthened to a five-month high in December as analysts expect the expansive fiscal policy to support economic recovery, the financial market survey conducted by the think tank ZEW showed Tuesday. The economic sentiment index advanced to 45.8 in December from 38.5 in the previous month, reaching the highest since last July. The score was seen at 38.4.

The Japanese yen strengthened against other major currencies in the Asian session on Tuesday, as traders speculate that the Bank of Japan or the BoJ is likely to increase its interest rate in the policy meeting held this week.

The antipodean currencies such as the Australia and the New Zealand dollars weakened against other major currencies in the Asian session on Tuesday amid increasing risk-off mood by the investors, with continued weakness in energy stocks as well as technology stocks on uncertainty remains about AI spending and the possibility of a tech bubble. Traders were also reluctant to make significant moves ahead of the release of some key U.S. economic data in the coming days, including retail sales and inflation.

The UK unemployment rate rose slightly in the three months to October, the Office for National Statistics said on Tuesday. The jobless rate climbed to 5.1 percent in the three months to October from 5.0 percent in the preceding period. In the three months to October, average earnings excluding bonuses grew 4.6 percent from the prior year, which was slightly faster than the forecast of 4.5 percent.

Upcoming Eurozone and UK Flash Purchasing Managers' survey results will be in focus on Tuesday. At 2.00 am ET, the Office for National Statistics will release the UK unemployment data. The jobless rate is forecast to rise to 5.1 percent in the three months to October from 5.0 percent in the preceding period.

Euro area industrial production increased at the fastest pace in five months in October led by robust output growth in the energy sector and non-durable goods manufacturing, preliminary data from the statistical office Eurostat showed on Monday.

The National Association of Home Builders released a report on Monday showing a modest improvement by U.S. homebuilder confidence in the month of December. The report said the NAHB/Wells Fargo Housing Market Index crept up to 39 in December after inching up to 38 in November. The uptick, which matched economist estimates, lifted the index to its highest level since hitting 40 in April.

A report released by the Federal Reserve Bank of New York on Monday showed an unexpected downturn by regional manufacturing activity in the month of December. The New York Fed said its general business conditions index plunged to a negative 3.9 in December from a positive 18.7 in November, with a negative reading indicating contraction. Economists had expected the index to fall to a positive 10.6

The six-currency Dollar Index which measures the U.S. dollar's strength against a basket of 6 currencies declined during the week ended December 12 amidst a widely expected rate cut and forward guidance by the Federal Reserve.

The Japanese yen strengthened against other major currencies in the European session on Monday, as traders speculate that the Bank of Japan or the BoJ is likely to raise its interest rate in the policy meeting held this week.

The UK economy experienced an unexpected contraction in October, as uncertainty ahead of the Autumn budget dampened spending and investment, official data revealed on Friday. Gross domestic product fell 0.1 percent month-on-month in October, the same pace of drop as seen in September, the Office for National Statistics reported. GDP was forecast to grow 0.1 percent.

The British pound weakened against other major currencies in the European session on Friday, after the U.K. economy contracted for the second straight month in October.

The Japanese yen declined against other major currencies in the Asian session on Friday amid risk-on mood by the investors, as the markets continue to react to the US Fed's widely expected third consecutive interest rate cut and the Fed's less hawkish than expected outlook for interest rates.

GDP and foreign trade from the UK and final inflation from Germany are due on Friday, headlining a busy day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade figures are due. The economy is forecast to grow 0.1 percent in October, in contrast to the 0.1 percent fall in September.

Wholesale inventories in the U.S. increased by much more than expected in the month of September, according to a report released by the Commerce Department on Thursday. The Commerce Department said wholesale inventories climbed by 0.5 percent in September after edging down by a revised 0.1 percent in August. Economists had expected wholesale inventories to inch up by 0.1 percent.

Reflecting a sharp increase in the value of exports, the Commerce Department released a report on Thursday showing the U.S. trade deficit unexpectedly narrowed in the month of September. The Commerce Department said the trade deficit shrank to $52.8 billion in September from a revised $59.3 billion in August. Economists had expected the trade deficit to widen to $63.3 billion.

First-time claims for U.S. unemployment benefits rebounded by more than expected in the week ended December 6th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims rose to 236,000, an increase of 44,000 from the previous week's revised level of 192,000. Economists had expected jobless claims to climb to 220,000.

Turkey's central bank slashed its benchmark rate at a sharper-than-expected pace on Thursday as demand conditions continue to support the disinflation process. The Monetary Policy Committee of the Central Bank of the Republic of Turkey, headed by Yasar Fatih Karahan, decided to cut the policy rate by 150 basis points to 38.00 percent. Markets anticipated only 100 basis point reduction.

The Swiss National Bank left its interest rate unchanged for the second straight meeting on Thursday and downgraded its inflation outlook. The SNB maintained its policy rate at zero percent, in line with expectations. The central bank had reduced the key rate by 175 basis points since March 2024. The bank exited its negative rate in 2022 after holding it for over seven years.

China's economy is forecast to expand more than previously estimated this year and the growth will depend more on domestic demand in the coming years, the World Bank said in its latest China Economic Update, released Thursday. The bank projected economic growth at 4.9 percent this year and 4.4 percent in 2026, as existing headwinds are expected to persist.