===

*** 00:50 JP/Trade Balance November

FORECAST: +59.2 billion euros

previously: -231.8 billion euros

07:00 DE/Ceconomy AG, annual results (10:00 analyst and press conference)

07:00 DE/Thyssenkrupp Nucera AG & Co. KGaA,

detailed annual results (10:00 BI-PK)

*** 08:00 DE/Order backlog and range in the manufacturing sector October

*** 08:00 GB/Producer Prices November

Output base

FORECAST: n/a

previously: 0.0% yoy/+3.5% yoy

*** 08:00 UK/Consumer Prices November

FORECAST: +0.0% yoy/+3.5% yoy

previously: +0.4% yoy/+3.6% yoy

core

FORECAST: +0.0% yoy/+3.4% yoy

previously: +0.3% yoy/+3.4% yoy

*** 10:00 DE/Ifo business climate index December

FORECAST: 88.3

previously: 88.1

Situation assessment

FORECAST: 85.8

previously: 85.6

Business expectations

FORECAST: 90.7

previously: 90.6

*** 11:00 EU/Labor costs 3Q

*** 11:00 EU/Consumer Prices November

Eurozone

FORECAST: -0.3% yoy/+2.2% yoy

Preliminary estimate: -0.3% yoy/+2.2% yoy

previously: +0.2% yoy/+2.1% yoy

Core rate (excluding energy, food, alcohol, tobacco)

FORECAST: -0.5% yoy/+2.4% yoy

Preliminary estimate: -0.5% yoy/+2.4% yoy

previously: +0.3% yoy/+2.4% yoy

3:00 p.m. EU/Forecast overview from Dow Jones Newswires

Brent and WTI oil price developments

*** 4:30 p.m. US/Weekly Government Crude Oil Inventory data

Energy Information Administration (EIA) previous week

*** 6:30 p.m. US/Atlanta Fed President Bostic, speech at event

Gwinnett County Chamber of Commerce

22:00 US/Micron Technology Inc, 1Q results

===

– *** indicate dates that are expected

one-line flash headlines are sent

– Times in current local time in Germany

– No guarantee for accuracy and completeness

Contact the author: [email protected]

DJG/kch/mgo/hab/kla

(END) Dow Jones Newswires

December 16, 2025 09:15 ET (14:15 GMT)

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