Daily Market Insight

• US ISM manufacturing slump deepens in November • BOJ’s Ueda signals possibility of December rate hike • China’s private manufacturing PMI returns to contraction in November • Thai central bank proposes measures to curb baht strength • Dollar flat as yen gains counter losses in other G10 currencies

• CME trading halt hits markets worldwide • Trump proposes eliminating income tax • German inflation surges to nine-month peak, ECB watches closely • China’s manufacturing PMI improves but remains in contraction • Dollar stays lacklustre amid the quiet holiday

• ECB minutes signal cautious pause as members await fresh data • Euro zone economic sentiment edges up in November • Tokyo inflation exceeds forecast, BOJ rate hike on track • BOJ Dove avoids giving clear hint on timing of rate-hike move • Dollar stays lacklustre as Thanksgiving holiday curbs activity

• Initial jobless claims fall, beating market expectations • The UK’s Autumn Budget delivers few meaningful surprises • BOK keeps rate steady amid strong growth and financial risks • Thailand bond demand Plunges to six-year low • The dollar softens heading into the US Thanksgiving holiday

• US producer price index rises on higher energy, food costs • US retail sales rise by less than anticipated in September • US consumer confidence falls by most since April • Thailand’s trade deficit hits highest level since 2023 • Dollar falls on soft US data

• Fed’s Waller & Daly align on 25bp easing • Trump & Xi hold phone call • German business sentiment unexpectedly falls in November • Thailand fast-tracks $15B in stalled projects to boost growth • Dollar softens as Fed rhetoric boosted rate-cut expectations

• Fed’s Williams sees room for an interest rate cut in ‘near term’ • US PMI expands at fastest pace in four months • Euro-Zone PMI remains robust on services strength • Japan approves $135 billion stimulus in largest spending since pandemic • Dollar holds firm despite rising Fed cut expectations

• US nonfarm payrolls rise 119K in September; unemployment hits 4.4% • US weekly jobless claims fall; continuing claims increase • Japan CPI inflation edges up in Oct as expected • China leaves benchmark lending rates unchanged for the sixth straight month • Dollar gains amid risk-off mood

• Fed minutes show most officials against December cut • BLS postpones jobs data, FOMC lacks October-November figures • UK inflation slows ahead of Reeves’ budget • BI keeps key rate steady amid weak rupiah • Dollar rises on lower December Fed cut odds

• US data painted a sluggish picture of the labour market • US factory orders rebound as expected in August • Ueda signals BOJ remains on rate hike path after PM meet • Thai commercial banks see Q3 profits and lending decline • Dollar holds steady ahead of NFP