The following are the key economic data and events to focus on for Tuesday, January 7, 2025:

• Pending: China's foreign exchange reserves situation for December

• 10:30: NVIDIA CEO Jensen Huang delivers a speech

• 15:00: The UK releases the Halifax adjusted house price index month-on-month for December

• 15:30: Switzerland releases the CPI month-on-month for December

• 15:45: France releases the preliminary CPI month-on-month for December

• 18:00: The Eurozone releases the preliminary CPI year-on-year for December, the preliminary CPI month-on-month for December, and the unemployment rate for November

• 21:30: The United States releases the trade balance for November

• 22:00: The United States releases the global supply chain pressure index for December

• 23:00: The United States releases the ISM Non-Manufacturing PMI for December and the JOLTs job openings for November

• Next day 02:00: The United States releases the winning yield for the 10-year Treasury auction as of January 8 and the bid-to-cover ratio for the 10-year Treasury auction as of January 8

• Next day 05:30: The United States releases the API crude oil inventory for the week ending January 3