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[This Week's Preview: Year-End Trading Week, Focus on US Employment Data and Global Central Bank Decisions] 1. This week (starting December 15th) is the last full trading week of 2025, and global financial markets will see a series of key events. The core focus includes interest rate decisions from the Bank of Japan, the European Central Bank, and the Bank of England, as well as important data such as the US November employment report and Consumer Price Index (CPI). 2. In the US, the November employment report (including October survey data) to be released on Tuesday and the CPI data on Thursday are key indicators influencing expectations for Federal Reserve policy. Other data to watch include retail sales, housing starts, the preliminary December S&P Global PMI, the New York and Philadelphia Fed manufacturing indices, weekly initial jobless claims, ADP private sector employment data, and the final readings of the University of Michigan consumer sentiment and inflation expectations. Federal Reserve officials Milan, Williams, and Bostic will deliver speeches. 3. According to surveys, most economists expect the Bank of Japan to raise interest rates by 25 basis points to 0.75% on Friday, and Governor Kazuo Ueda's press conference will provide guidance on the policy outlook. Key Japanese data includes the fourth-quarter Tankan survey, December PMI, trade data, and November CPI. 4. The market widely expects the Bank of England to cut interest rates by 25 basis points to 3.75% on Thursday, with a probability of approximately 90%. The monetary policy report and voting results are closely watched due to disagreements among policymakers. The UK will also release October unemployment rate, December PMI, November inflation, and retail sales data. 5. The European Central Bank is expected to keep interest rates unchanged at 2%. The market is focused on the tone of its statement and President Lagarde's press conference. On the data front, Eurozone industrial production, preliminary December PMI, consumer confidence index, trade data, and the final Harmonized Index of Consumer Prices (HICP) will be released successively. Germany's ZEW and Ifo surveys are also worth noting. 6. In addition, the Swedish and Norwegian central banks are expected to keep interest rates unchanged at 1.75% and 4%, respectively. Canada will release November CPI and October retail sales, and New Zealand will release third-quarter current account, GDP, and November trade data, all of which could trigger currency fluctuations.