January 2025
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9
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February 2025
1
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1
23
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16
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2
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1
1
March 2025
26
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20
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26
13
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19
6
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9
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12
5
April 2025
25
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27
18
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22
23
24
11
12
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17
4
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9
10
1
1
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May 2025
28
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30
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22
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27
28
15
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21
8
9
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7
June 2025
27
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30
20
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24
25
26
13
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19
6
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5
July 2025
24
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28
17
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20
21
22
23
10
11
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13
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15
16
3
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5
6
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9
1
1
2
August 2025
29
30
22
23
24
25
26
27
28
15
16
17
18
19
20
21
8
9
10
11
12
13
14
6
7
September 2024
27
28
29
20
21
22
23
24
25
26
13
14
15
16
17
18
19
6
7
8
9
10
11
12
1
2
3
4
5
October 2024
24
25
26
27
28
17
18
19
20
21
22
23
10
11
12
13
14
15
16
3
4
5
6
7
8
9
1
2
November 2024
29
30
31
22
23
24
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26
27
28
15
16
17
18
19
20
21
8
9
10
11
12
13
14
6
7
December 2024
Holiday:
Germany (unity day)
Holiday:
Japan (sports day)
Columbus/Indigenous Peoples’ Day
U.S. nonfarm payrolls report for September
U.S. consumer price index report
Q3 earnings season begins with JPMorgan Chase reporting
ECB Meeting
FOMC Meeting
Bank of Japan meeting
Holiday: Japan (Culture day)
FOMC Meeting
ECB Meeting
MSCI Semi-Annual Review
Holiday: U.S. Thanksgiving
Holiday: Japan (Workers' Day)
Thanksgiving effect
U.S. nonfarm payrolls report for October
Holiday: Global Christmas
Holiday: EMEA Christmas
Holiday: EMEA New Years
U.S. nonfarm payrolls report
FOMC Meeting
FOMC Meeting
S&P Rebalance
Reduced liquidity
Elevated risk
September 2025
October 2025
November 2025
December 2025
S
M
T
W
T
F
S
7
14
21
28
8
15
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29
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30
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20
27
6
5
28
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28
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W
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F
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S
M
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W
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F
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3
2
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M
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W
T
F
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May 2025
30
29
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26
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24
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22
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20
19
18
17
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14
13
12
11
10
9
8
7
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M
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W
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F
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June 2025
30
29
28
27
26
25
24
23
22
21
20
19
18
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16
15
14
13
12
11
10
9
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6
5
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M
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W
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July 2025
28
27
26
25
24
23
22
21
20
19
18
17
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14
13
12
11
10
9
8
7
6
5
4
3
2
1
S
M
T
W
T
F
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August 2025
1
30
29
30
29
28
27
26
25
24
23
22
21
20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
S
M
T
W
T
F
S
January 2025
25
24
23
22
21
20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
28
S
M
T
W
T
F
S
February 2025
27
26
25
24
23
22
21
20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
31
29
S
M
T
W
T
F
S
March 2025
29
28
27
26
25
24
23
22
21
20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
S
M
T
W
T
F
S
April 2025
2
1
29
28
26
4
3
2
1
4
3
2
1
30
29
28
27
26
25
24
23
22
21
20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
S
M
T
W
T
F
S
September 2024
29
28
27
26
25
24
23
22
21
20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
31
30
S
M
T
W
T
F
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October 2024
28
27
26
25
24
23
22
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19
18
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15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
30
29
S
M
T
W
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F
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November 2024
31
30
29
28
27
26
25
24
23
22
21
20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
S
M
T
W
T
F
S
December 2024
5
4
3
2
1
5
4
3
2
1
28
29
30
27
28
29
30
21
22
23
24
25
26
27
14
15
16
17
18
19
20
7
8
9
10
11
12
13
5
6
September 2025
26
27
28
19
20
21
22
23
24
25
12
13
14
15
16
17
18
5
6
7
8
9
10
11
1
2
3
1
2
3
4
October 2025
Holiday:
Germany (unity day)
U.S. nonfarm payrolls report for September
Holiday:
Japan (sports day)
Columbus/Indigenous Peoples’ Day
U.S. consumer price index report
Q3 earnings season begins with JPMorgan Chase reporting
ECB Meeting
FOMC Meeting
Bank of Japan meeting
November 2025
23
24
25
26
27
16
17
18
19
20
21
22
9
10
11
12
13
14
15
2
3
4
5
6
7
8
1
2
3
1
FOMC Meeting
U.S. nonfarm payrolls report for October
Holiday: Japan (Culture day)
ECB Meeting
Holiday: U.S. Thanksgiving
Holiday: Japan (Workers' Day)
Veterans day (U.S.)
Labor Thanksgiving (Japan-observed)
31
28
29
30
31
28
29
30
21
22
23
24
25
26
27
14
15
16
17
18
19
20
7
8
9
10
11
12
13
5
6
December 2025
U.S. nonfarm payrolls report
FOMC Announcement
FOMC Meeting
Christmas eve
Holiday: Global Christmas
Holiday: EMEA Christmas
Holiday: EMEA New Years
29
26
27
29
30
1
1
2
3
4
29
30
29
30
1
1
2
3
4
29
30
1
2
3
4
5
30
31
29
30
1
2
3
4
5
U.S. nonfarm payrolls report for December
Taiwan election
New Years Day
Lunar New Year (China)
Coming-of-age day (Japan)
ECB Meeting
FOMC meeting
Bank of Japan meeting
U.S. nonfarm payrolls report for January
National Foundation Day (Japan)
President's Day (U.S.)
CPI Data Release Date
ECB Meeting
U.S. nonfarm payrolls report for February
FOMC Announcement
Bank of Japan meeting
Good Friday
BoJ Outlook Report
30 Oct
National day (China)
01
Oct
Day after Thanksgiving (US)
28
Nov
Labor Thanksgiving (Japan-observed)
24
Nov
Thanksgiving (US)
27
Nov
Culture day (Japan)
03
Nov
Last Working day of Year (Germany)
30
Dec
Boxing day
26
Dec
Christmas day
25 Dec
Christmas eve
24
Dec
ECB meeting
18
Dec
FOMC Announcement
10
Dec
FOMC Announcement
28
Jan
Bank of Japan Outlook Report
24 Jan
Holiday: New years day
01
Jan
Australia Day Holiday (Australia)
27
Jan
ECB meeting
30
Jan
Lunar New Year (China)
30
Jan
Lunar New Year (China)
03
Feb
FOMC Announcement
19 Mar
ECB Meeting
06 Mar
Vernal Equinox Day (Japan)
20
Mar
Ching Ming Festival (China)
Easter monday
ECB meeting
Showa day (Japan)
Children's day (Japan)
BoJ Outlook report
FOMC Announcement
FOMC Announcement
Labour day (Germany & China)
1
Good Friday
18
Apr
Anzac day (Australia)
25
Apr
ECB Meeting
17 Apr
Ching Ming Festival (China)
04 Apr
Showa day (Japan)
29
Apr
Easter Monday
21
Apr
FOMC Announcement
07 May
Greenery day (Japan-observed)
06 May
Children's day (Japan)
05 May
BoJ Outlook report
01 May
Early May Bank Holiday (U.K.)
05 May
FOMC Announcement
18 Jun
ECB Meeting
05 Jun
Labour day (Germany & China)
01 May
Settlement cycle change
Learn more below
Juneteenth (US)
Queen's Birthday Holiday (Australia)
09 Jun
ECB Meeting
Canada day (Canada)
Independence Day Early Close (U.S.)
Mountain Day (Japan)
Civic Holiday (Canada)
Summer Bank Holiday (U.K.)
Holiday: Autumn Equinox (Japan)
Holiday: Respect for Aged Day (Japan)
Holiday: Labor Day (U.S. & Canada)
U.S. Payrolls
BoC Decision
U.S. CPI Announcement
ECB Meeting
18
FOMC Meeting
Holiday: Mid Autumn Festival (China)
Holiday: Mid Autumn Festival (China)
FOMC Meeting
17
BoJ Decision
BoE Decision
Holiday: National Truth and Reconciliation Day (Canada)
Holiday: National Day (China)
Holiday: Mid Autumn Festival (China)
U.S. CPI Announcement
BoC Decision
Holiday: National Day (China)
Holiday: National Day (China)
Holiday: National Day (China)
Holiday: Germany (unity day)
Holiday: National Day (China)
Holiday: Columbus Day - U.S. bond markets closed (stock market open)
Holiday: Japan (sports day)
Holiday: Canada (Thanksgiving)
BoJ Decision
U.S. CPI Announcement
U.S. Payrolls
Holiday: Thanksgiving (US)
BoE Decision
FOMC Meeting
Holiday: Japan (Culture day)
U.S. Elections
FOMC Meeting
U.S. markets: Early close at 1:00 p.m. EST
Holiday: New Year's Eve
ECB Meeting
U.S. Payrolls
Holiday: Pre Christmas
U.S. CPI Announcement
BoC Decision
FOMC Meeting
FOMC Meeting
BoJ Decision
BoE Decision
Holiday: Christmas
Holiday: Post Christmas
30
31
29
24
Australia Day Holiday (Australia)
FOMC Announcement
Martin Luther King Day (U.S.)
ECB meeting
Lunar New Year (China)
Bank of Japan Outlook Report
Bank holiday (Japan)
Bank holiday (Japan)
Lunar New Year (China)
28
27
Lunar New Year (China)
Family Day (Canada)
Emperors birthday (Japan-observed)
30
31
Vernal Equinox Day (Japan)
30
Good Friday
Anzac day (Australia)
30
31
Early May Bank Holiday (U.K.)
Greenery day (Japan-obs)
Victoria day (Canada)
Late May Bank Holiday (U.K.)
Memorial Day (U.S.)
31
1
2
3
4
5
6
ECB Meeting
6
5
4
3
2
1
31
Independence Day (U.S.)
FOMC Announcement
BoJ Outlook report
31
31
31
1
2
3
4
ECB Meeting
Autumnal Equinox Day (Japan)
Respect-for-the-aged day (Japan)
Labor day
(U.S. & Canada)
FOMC Announcement
4
3
2
1
Health-sports Day (Japan)
Thanksgiving (Canada)
29
30
31
FOMC Announcement
Mid-autumn Festival (China)
BoJ Outlook Report
National day (China)
National day (China)
National day (China)
ECB Meeting
31
30
29
30
28
29
Culture day (Japan)
Thanksgiving (U.S.)
Day After Thanksgiving (U.S.)
29
28
30
2
3
4
1
ECB Meeting
Christmas day
Boxing day
Christmas Holiday (Germany-observed)
Last Working Day Of Year (Germany)
New Year's Eve
Queens birthday Holiday (Australia)
Marine Day (Japan)
BoE Decision
07
Nov
U.S. Elections
05 Nov
Holiday: Japan (Culture day)
04
Nov
U.S. Payrolls
01
Nov
BoE Decision
19
Dec
FOMC meeting
18
Dec
FOMC Meeting
17
Dec
ECB Meeting
12 Dec
U.S. CPI Announcement
11
Dec
BoC Decision
11
Dec
U.S. payrolls
06
Dec
BoJ Decision
18
Dec
Holiday: New Year's Eve
31 Dec
Holiday: Pre Christmas
24 Dec
Holiday: Christmas
25 Dec
Holiday: Post Christmas
26 Dec
FOMC Meeting
06 Nov
FOMC Meeting
07 Nov
U.S. CPI Announcement
13
Nov
Holiday: Thanksgiving (U.S.)
28
Nov
U.S. markets: Early close at 1:00pm EST
29
Oct
Holiday: Mid Autumn Festival (China)
04
Oct
Holiday: National Day (China)
11
Oct
U.S. CPI Announcement
10
Oct
Holiday: National Day (China)
07
Oct
Holiday: Canada (Thanksgiving)
14 Oct
Holiday: Germany (Unity day)
03 Oct
Holiday: National Day (China)
03 Oct
Holiday: National Day (China)
02
Oct
Holiday: National Day (China)
01
Oct
Holiday: Japan (Sports day)
14 Oct
Holiday: Columbus Day - U.S. bond markets closed (Stock market open)
14
Oct
BoJ Decision
30
Oct
BoC Decision
23
Oct
Holiday: National Truth and Reconciliation Day (Canada)
30
Oct
Holiday: Autumn Equinox (Japan)
23 Oct
BoJ Decision
19
Oct
BoE Decision
19
Oct
FOMC Meeting
17
Sept
Holiday: Respect for the Aged Day (Japan)
16
Sept
U.S. CPI Announcement
11 Sept
U.S. Payrolls
06 Sept
BoC Decision
04
Sept
Holiday: Labor Day (U.S. & Canada)
02
Sept
ECB Meeting
12 Sept
Holiday: Mid Autumn Festival (China)
17
Sept
Holiday: Mid Autumn Festival (China)
18
Sept
FOMC Meeting
18
Sept
31
30
Bank Holiday (Japan)
02
Jan
Bank Holiday (Japan)
03
Jan
Coming-of-age-day (Japan)
13
Jan
Martin Luther King day (U.S.)
20
Jan
Lunar New Year (China)
29
Jan
Lunar New Year (China)
31
Jan
National Foundation Day (Japan)
11
Feb
President's Day (U.S.)
17
Feb
Family Day (Canada)
17
Feb
Emperor's Birthday (Japan-observed)
24
Feb
30
31
Late May Bank Holiday (U.K.)
26 May
Victoria day (Canada)
19 May
6
5
4
3
2
1
Juneteenth (US)
19 Jun
Marine day (Japan)
21 July
ECB Meeting
24 July
Independence Day Early Close (US)
03 July
Canada day (Canada)
01 July
31
Independence Day (US)
04 July
BoJ Outlook report
30 July
FOMC Announcement
30 July
Summer Bank Holiday (U.K.)
25 Aug
Mountain Day (Japan)
11 Aug
Civic Holiday (Canada)
04 Aug
Autumnal Equinox day (Japan)
23
Sept
FOMC Announcement
17
Sept
Respect-for-the-aged-day (Japan)
15
Sept
ECB Meeting
11 Sept
Labor day (US & Canada)
01 Sept
4
3
2
1
31
30
29
National day (China)
02
Oct
National day (China)
03
Oct
Mid-autumn Festival (China)
06
Oct
Health-sports day (Japan)
13
Oct
Thanksgiving (Canada)
13
Oct
FOMC Announcement
29 Oct
ECB Meeting
30 Oct
28
Veterans day (US)
11
Nov
29
30
4
3
2
1
4
3
2
1
Christmas Holiday (Germany-observed)
26
Dec
Christmas Holiday (Germany-observed)
26
Dec
New Year's Eve
31
Dec