木 (Lumber) 加自选

前瞻性指引：加拿大通胀可能保持稳定，因为我们看到更多延迟的美国数据。假期前繁忙的一周关键数据发布包括加拿大通胀、住房和就业，而美国将推迟发布就业和通胀数据。

Forward Guidance: Canada's Inflation Likely Held Steady as We See More Delayed U.S. Data.A busy week of key data releases ahead of the holidays includes Canadian inflation, housing, and employment, while the U.S. will see delayed releases on jobs and inflation.

新西兰BNZ制造业增长至51.1，但势头仍然温和。11月，新西兰BNZ制造业表现指数从51.2微升至51.4，仍处于扩张区间，但仍低于52.4的长期平均水平。

New Zealand BNZ manufacturing improves to 51.1, but momentum still modest.New Zealand's BNZ Performance of Manufacturing Index edged up from 51.2 to 51.4 in November, remaining in expansionary territory but still below the long-run average of 52.4.

活动指南：加拿大CPI报告（2025年11月）。随着中国银行预计将在今年晚些时候宣布进一步宽松政策，即将到来的CPI会将其温和周期延长到2026年初吗？以下是即将发布的通胀报告中需要注意的事项。

Event Guide: Canada's CPI Report (November 2025).With the BOC expected to announce further easing later this year, will the upcoming CPI extend their dovish cycle until early 2026? Here's what to look out for in the upcoming inflation report.

11月，新西兰电子卡零售额（MoM）从之前的0.2%上升到1.2%。11月，新西兰电子卡零售额（MoM）从之前的0.2%上升到1.2%

New Zealand Electronic Card Retail Sales (MoM) rose from previous 0.2% to 1.2% in November.New Zealand Electronic Card Retail Sales (MoM) rose from previous 0.2% to 1.2% in November