OPEC+ decided to maintain production pause through Q1 to prevent global oversupply as crude prices remain low. US ISM Manufacturing PMI for December showed slowing growth, with new orders falling and concerns about sustainability of current production levels. ISM Services PMI also showed slower growth in December, with cooling demand across the sector. Australian CPI for November was at 3.8%, above RBA’s target range, affecting policy outlook. ECB Flash HICP for Eurozone is expected to remain at 2.0% Y/Y, in line with target. SNB Minutes showed willingness to intervene in FX market and cut inflation forecast. Swedish Flash CPIF was below expectations at 2.3% Y/Y. Swiss CPI for November was 0.0% Y/Y. Chinese inflation for December expected to decrease to 0.6% Y/Y. Norwegian CPI for November was at 3.0% Y/Y. Canadian Jobs report for December expected to show continued employment growth. US NFP for December expected to show 55k jobs added with unemployment rate at 4.5%. Fed minutes revealed a split decision on rate cut, with most supporting a cut due to downside risks to employment, while some preferred no change. Fed is cautious about further easing, with a likely pause in January meeting.

Read more at Investing.com: Week Ahead: US Payrolls, ISM Surveys, EZ Inflation, Fed Leadership in Focus