Latest data released by ZEW – 8 December 2020
Once again, this feeds into the narrative that the market continues to be largely more forward looking and that will dictate sentiment in risk trades in the big picture.

Latest data released by Eurostat – 8 December 2020
The secondary release can be found . Little change compared to the second estimates so there really isn’t much of anything new to gather from the release here.

Bloomberg reports, citing a document on the package
Fiscal measures are to comprise around ¥40 trillion, partly financed by ¥19.2 trillion in spending from a third extra budget. This is a bit on the higher end of reports on what ruling party lawmakers are calling for in terms of new measures.

BBC Brussels correspondent, Nick Beake, confirms
Meanwhile, The Daily Telegraph’s political editor, Gordon Rayner tweets that:
UK sources say little chance of a Brexit trade deal today. But PM won’t walk away if there is still any chance of a deal being done. UK feel under less time pressure than EU because we could ratify a deal

Several news sources reporting on the matter
A few media outlets reporting with the same, suggesting that there has been „no decisive progress made so far although some progress has been made“, citing a senior EU diplomat on the matter.

The meeting is reportedly taking place now with a statement expected to follow
Just watch out for this as it may be a precursor to some high-level verbal agreement that may see the UK drop the offensive elements in the Internal Market Bill.

No reason was given from the Chinese customs bureau
This just adds to the ongoing tensions between China and Australia. All the other reasons and excuses for other trade halts/bans were lame at best so why bother.

Weekly trade from Mitsubishi UFG
Currency investors should consider buying AUD/USD, advises MUFG Research in its weekly FX pick.
The suggest buying AUD/USD from 0.7435 with a target of 0.7675 and a stop at 0.7225.

Forex news for North American trading on December 4, 2020
In most years, if a US jobs report can in worse than expectations by 215K jobs, you might expects stocks to move lower, yields to move lower. the USD to move lower.  

Major indices close near highs
The final numbers are showing: