publication
2025-12-19 13:06
From Monday, financial markets will probably go into Christmas mode. Investor activity should be limited in particular by the specific calendar arrangement, which encourages extending the holiday break.
Monday, December 22
All this, of course, does not apply to Asian markets, where trade will continue as normal. And so, at 2:00 a.m. Polish time, the People's Bank of China will decide on interest rates.
Meanwhile, from Europe at 8:00 a.m. the final reading of British GDP for the third quarter will arrive – that is, already distant economic history. At 10:00 the Central Statistical Office will present the last batch of monthly data from the Polish economy. These will be November retail sales and December economic indicators. At 2:30 p.m., the National Bank of Poland will show money supply statistics for November.
The interim dividend for 2025 will be paid by Murapol and Amrest.
Tuesday, December 23
We will close the statistical year in Poland with the publication of the Central Statistical Office's “Economic Bulletin” for November, containing, among others, final unemployment rate. Only now will Americans show the preliminary GDP reading for the third quarter (at 2:30 p.m.) and October statistics on orders for durable goods. At 3:15 p.m. the results of American industrial production for October and November will be released. This is all the result of the fall federal government shutdown, which caused interruptions and delays in the publication of US macroeconomic data.
At 4:00 p.m. we will get the December reading of the Conference Board's consumer confidence index and the regional December economic climate index of the Richmond Fed.
The second interim dividend for 2025 will be paid by Votum.
Wednesday, December 24
Christmas Eve is a holiday on most major European stock exchanges. Apart from our WSE, there will be no trading in Frankfurt, Prague, Zurich, Milan or Stockholm. However, a shortened session will be held in Paris, London, New York and Toronto. So, theoretically, something can happen on the financial markets on that day, although usually Christmas Eve trading is extremely lazy and calm.
Important macro data at 2:30 p.m. Americans will publish weekly statistics on the number of newly registered unemployed.
Thursday, December 25
All stock exchanges in the Western world are closed on Christmas Day. There will be no sessions on the Warsaw Stock Exchange, Frankfurt, London or Wall Street. Trade will basically take place only on Asian markets.
Friday, December 26
This time, the second day of Christmas, due to the calendar arrangement, is a day without sessions in virtually all of Europe. But a regular trading session is already planned on Wall Street, although both turnover and volatility should be “holiday-like”.
