The monetary policy assessment from the Swiss National Bank is the top economic news due on Thursday. At 2.00 am ET, Statistics Sweden is set to publish consumer price data for November. Inflation is seen unchanged at 0.3 percent.

The Federal Reserve on Wednesday announced its widely expected decision to cut interest rates by another quarter point, matching the rate cuts seen in September and October. The Fed said it decided to lower the target range for the federal funds rate by 25 basis points to 3.50 to 3.75 percent.

Following two consecutive interest rate cuts, the Bank of Canada on Wednesday announced its widely expected decision to leave rates unchanged. The Bank of Canada said it decided to hold its target for the overnight rate at 2.25 percent, with the Bank Rate at 2.5 percent and the deposit rate at 2.20 percent.

China's consumer price inflation accelerated in November, while factory gate deflation deepened, data from the National Bureau of Statistics revealed on Wednesday. The consumer price index rose 0.7 percent on a yearly basis in November, following the 0.2 percent increase seen in October. The rate came in line with expectations and hit the highest since early 2024.

A report released by the Conference Board on Tuesday showed a continued decrease by its reading on leading U.S. economic indicators in the month of September. The Conference Board said its leading economic index fell by 0.3 percent in September, matching an upwardly revised dip in August.

U.S. small businesses turned more confident than expected in November on stronger sales growth expectations, but the uncertainty continued to rise as firms delayed their investment plans, survey data from the National Federation of Independent Business showed on Tuesday.

The U.S Dollar dropped against major currencies during the week ended December 5 amidst strong expectations of a Fed rate cut on December 10.

The euro strengthened against other major currencies in the early European session on Monday, after the European Central Bank policymaker Isabel Schnabel said that the bank would keep the interest rates unchanged and the next move is likely to be a hike.

Eurozone investor sentiment improved at the end of the year but the negative reading suggests that the economy remains in the phase of stagnation, survey results from the behavioral research institute Sentix showed on Monday.

The investor confidence index rose to -6.2 in December from -7.4 in November. The reading came in line with expectations.

Germany's industrial production growth accelerated unexpectedly in October, strengthening hopes of economic recovery. Industrial output logged a monthly growth of 1.8 percent in October after posting a revised 1.1 percent rise in September, Destatis reported Monday. Economists were expecting the growth to ease sharply to 0.2 percent from September's initially estimated rise of 1.3 percent.

China's exports rebounded in November on strong demand from the EU and the trade surplus hit the $1 trillion mark in the year to November, official data showed on Monday. Exports grew 5.9 percent year-on-year in November, reversing a 1.1 percent fall in October, the General Administration of Customs said. Shipments were forecast to expand 3.8 percent.

Industrial production from Germany and investor sentiment from the euro area are the top economic news due on Monday. At 2.00 am ET, Destatis releases Germany's industrial production data for October. Economists expect output to grow 0.2 percent on a monthly basis, slower than the 1.3 percent rise in September.