How to view the year-end market? This week is crucial.

From December 29 to January 2, the global financial markets will be densely releasing signals. The Bank of Japan meeting minutes, Federal Reserve policy developments, and PMI data from various countries will take turns, coupled with multiple countries being closed for the New Year holiday, which will disrupt trading rhythms.

Specifically—

**December 29**: The summary of the Bank of Japan meeting minutes will be released, simultaneously revealing China-US trade and economic dynamics. On the US side, real estate and energy data will follow one after another, and Switzerland's economic data will also be announced. This day will have a significant amount of information.

**December 30**: Focus shifts to US housing price index and Chicago PMI, both of which directly reflect economic activity. The German stock exchange will close early, liquidity will begin to contract, and the oil market will focus on drilling rig data, which is a key indicator for oil prices.

**December 31**: This is the highlight. Once the Federal Reserve meeting minutes are released, policy tendencies will become clear. Manufacturing PMI data from China and abroad, as well as initial jobless claims from Europe and the US, will outline the global recovery. Meanwhile, crude oil inventory data can easily stir oil prices, and multiple stock markets closing early for the holiday will further reduce liquidity.

**January 1**: Major global markets will be closed, domestic futures markets will have no overnight trading, and the market will fall into silence. This is a time window for observation and rest.

**January 2**: US and European data will gradually return, with the final revision of manufacturing PMI and US Treasury futures resuming trading. Some stock markets will still be on holiday, and the market will slowly wake up.

**Key points**: The economic signals released by PMI are the most worth tracking; central bank actions determine risk appetite. Liquidity fluctuations during the New Year holiday may bring unexpected surprises. Crude oil inventory and real estate data will influence commodities and US stock sectors, indirectly affecting risk assets.

This week, it’s best to observe more and act less. Prepare plans before data releases, and stay alert for any unexpected events during the holiday break.