Absolutely, yeah, thanks. I mean, you know, sadly, news over recent days of a new variant has brought COVID back to the forefront of markets. And while there's little known about the the new African variant, it's clearly of significant importance to the global economy, the travel and connectivity, and potentially even on trade. For now, however, it's likely that the surge in Europe is actually the dominant theme, and markets will be keen to gauge the likely economic and indeed policy implications of the current wave. This is, in our view, another area of differentiation across markets and regions.

And then on the data front, we'll be watching for a number of releases. We get the ISM data out of the US, which we expect to continue to highlight the very impressive rebound in domestic demand that we've seen over the latest few weeks since the November FOMC. We get China PMI data for November. Closely watched for signs or pockets of growth stabilisation in China. That'll be very interesting. We also get the updated economic outlook from the OECD, which is likely to emphasise the market focus on the global economic evolution, but also on economic differentiation, which I think is obviously a key theme that we've heard. And lastly, next week brings an OPEC ministers meeting. Now following on from the US led concerted strategic reserve release where India, the US, Japan, the UK and even China released some of their strategic reserve in order to try to weigh on the oil price. The debate around the OPEC table about maintaining the pace of planned output hikes or reassessing that in light of this new official supply will be a fascinating watch and potentially very important for market sentiment.

But really, there is no question that the highlight of next week, not to count Cyber Monday sales, the highlight of next week is the US employment report. The report will be a key focus for further signs of the emergence from the Q3 COVID wave that clearly slowed the economic momentum, especially in the service sector. It will be closely watched for the recovery of the labour market and thus implications for consumer demand and economic growth. And perhaps most acutely for from a financial market perspective, the pace of the labour market recovery will be seen as a gauge of progress towards full employment and thus the Fed's reaction function. And that's really where the emphasis of markets focus will will come. Is there an increased prospect of a taper acceleration and even bringing rate hikes closer? Now, last week's claims data got to the lowest level since 1969, just 199,000. So, you know, there are signs of a clear re-acceleration or improvement post the disappointing Q3 data that is likely related to to the COVID wave. In fact, more explicitly, we have heard a number of Fed speakers of late linking the employment progress as a major factor in in favour of a faster taper going forward and earlier rate hikes thereafter. There'll also be some focus on the average hourly earnings and any indication of inflation feeding into wage gains. But really, the payroll will be the big event for next week.