Macroeconomic calendar | December 1

The day will begin with the publication of data on Australia's GDP. According to a report by the Australian Bureau of Statistics, the country's economy contracted 1.9% during the third quarter of 2021, the third-highest quarterly decline since a record in 1959. At the same time, analysts expected a more significant fall – by 2.7%. It should be noted that in the second quarter of this year, GDP grew by 0.7%.

Next, you should pay attention to the multiple publications of the final data on the indexes of business activity in the manufacturing sector of many countries. However, they are unlikely to have a visible impact on the dynamics of the market, since all indicators should coincide with the preliminary estimates already taken into account by the bidders.

But the most significant event on the first day of winter will be the publication of statistics on employment in the United States. The number of people employed in the non-agricultural sector of the economy is expected to grow by 580 thousand. And this is slightly more than 571 thousand in the previous month, which indicates that the situation in the US labor market continues to improve. Therefore, the US dollar will have pretty good prospects in the middle of the trading week.

In the evening hours will be published data on crude oil reserves in the United States from the Ministry of Energy of the country. Analysts predict a decline in inventories by 1.23 million barrels for the reporting week.

The day will end with speeches by the heads of the Bank of England and the US Federal Reserve. US Treasury Secretary Janet Yellen will also share her vision of the current economic situation.