Daily Market Insight

• U.S. business activity weakens further in November • Consumer inflation in Japan’s capital rises at fastest pace in 40 years • South Korea producer inflation hits 16-month low in Oct • Dollar headed for weekly loss as investors brace for slower Fed hikes

• U.S. initial jobless claims hit three-month high of 240,000 • UK PMI sticks near 21-month low as orders weaken • Japan business activity shrinks in Nov on manufacturing slowdown • Dollar down as Fed minutes, U.S. data weighs

• World shares rise, U.S. Treasury yields fall ahead of Fed minutes • Eurozone consumer confidence rises by more than expected in Nov. • RBNZ hikes rates by record 75 bps, warns of economic slowdown • Oil prices climb on big drop in U.S. crude stocks, Russia supply uncertainty

• U.S. business equipment borrowings grew 6% in October • China leaves lending benchmarks unchanged for 3rd straight month in Nov • Thai economy posts fastest growth in a year, global risks cloud outlook • Dollar soars on safe haven flows as China's COVID woes increase

• US existing home sales plunge; tight inventory keeps prices rising • UK retail sales recover only partially as outlook darkens • Japan’s inflation hits 40-year high as BOJ sticks to easy policy • Oil falls on worries of US rate hikes, China demand outlook

• US labor market remains tight despite technology sector layoffs • Euro zone Oct y/y inflation revised marginally lower, still record high • UK economy forecast to shrink 1.4% in 2023 • Oil falls on worries of U.S. rate hikes, China demand outlook

• US retail sales rise solidly; fourth-quarter GDP estimates raised • UK inflation hits 41-year high as Hunt readies tough budget • Japan trade gap persists as weak yen squeezes purchasing power • Dollar is red but supported by U.S. data, hawkish Fed speakers

• US PPI falls to 14-month low in October as supply bottlenecks ease • Euro zone Q3 GDP confirmed at 0.2% q/q, employment up as well • China's economy loses momentum as COVID curbs hit factories, consumers • Oil prices settle higher on Druzhba oil pipeline disruption

• Fed may slow pace of rate hikes soon: Brainard • Euro zone Sept industrial output much stronger than expected • Japan Q3 GDP shrinks as high inflation, weakening yen bite • Gold pinned near 3-month high, copper slumps on China COVID woes

• US consumer sentiment slumps; inflation expectations edge up • UK economy shrinks at start of feared long recession • Hong Kong's economy shrinks for third straight quarter, outlook dims • Dollar extends fall after inflation data knock