BlockBeats News, December 21st. Next week will see a Christmas market surge, with the US stock market closing early on Wednesday and remaining closed all day Thursday. The market is focusing on whether Trump will announce his nominee for the Federal Reserve Chairmanship during the Christmas holiday. Currently, Kevin Hassett, Director of the US National Economic Council, has once again taken a significant lead in the probability of becoming the next Federal Reserve Chair, at around 54%. Former Federal Reserve Governor Kevin Warsh has a nomination probability of about 21%, and Federal Reserve Governor Christopher Waller has a nomination probability of about 14%. Key macro events and data next week are as follows:Tuesday: Preliminary US Q3 Real GDP Annualized Rate; Preliminary US Q3 Real Personal Consumption Expenditures Rate; Preliminary US Q3 Core PCE Price Index Annualized Rate;Wednesday: Bank of Canada releases Monetary Policy Meeting Minutes; US Initial Jobless Claims up to December 20th;Thursday: Bank of Japan Governor Haruhiko Kuroda speaks at the Japan Business Federation; Japan Unemployment Rate for November;Market Closure Reminder: Half-day market for Hong Kong Exchange on Wednesday, NYSE closes early on December 25th at 02:00 Beijing time; US stock market closed all day on Thursday for Christmas.
