Next week sees a raft of data releases as the decks are cleared ahead of the holidays. Preliminary PMI data for December is released for most major economies next Monday, with key measures of inflation following later in the week.
Then there are the last central bank meetings of the year. This week Beijing changed its official monetary policy stance from "prudent" to “moderately loose” for the first time in 14 years, pointing the way ahead for next year if not necessarily next week's PBoC decision. In the US, another cut from the Federal Reserve is seen as odds-on, while the UK is likely to hold fast following November's cut. The biggest uncertainty is arguably in Japan: it's not clear whether the next step in Bank of Japan's gradual hiking cycle will emerge this month or be delayed until 2025.