Daily Market Insight

• US Homebuilder Sentiment Extends Record Decline to 12 Months • UK factory output and export orders sag in December • Chinese business confidence falls to lowest in almost a decade on COVID • Dollar slips with the yen in demand; BoJ meeting in focus

• U.S. business activity slumps in December; price pressures ease • Euro zone business activity falls at slower rate in Dec, inflation eases • Chinese business confidence lowest in almost a decade • Oil rises on Chinese demand hopes, U.S. SPR replenishment

• U.S. retail sales post biggest drop in 11 months; labor market tight • ECB raises interest rates by 50 basis points and signals further hikes • BoE raises rates again as investors look towards end of hikes • Oil rises, poised to end week higher despite economy concerns

• Fed hikes rates by 50 bp, as expected, keeps hawkish tone • UK inflation falls from 41-year high in run-up to BoE rate decision • Japan’s trade deficit shrinks less than expected in November • Dow ends lower as Fed hikes, signals higher for longer regime

• U.S. CPI fell to 7.1% in November, lower than expected • UK jobless rate rises again but pay growth keeps Bank of England on edge • Japan manufacturers' mood worsens as cost pressures bite • Oil rally stalls on surprise U.S. inventory build, Fed in focus

• U.S. initial jobless claims rise to 230k as continuing claims hit 11-month high • UK labor market loses more momentum in November • China CPI, PPI inflation ease further in Nov amid COVID disruptions • Oil prices rebound from 1-year low, but head for steep weekly losses

• U.S. third-quarter productivity raised; labor costs still running high • Euro zone economic growth revised up with household, business support • Japan upgrades Q3 GDP as global recession, COVID risks linger • Dollar struggles as recession worries simmer

• U.S. services industry regains steam; factory orders accelerate • UK construction growth ebbs away as economy falters • Japan Oct household spending rises for 5th straight month • Oil prices fall on economic fears, dollar strength

• U.S. job juggernaut rolled on in November; nonfarm payrolls up 263,000 • Japan's service-sector activity growth hits 3-month low • China services activity shrinks further in November • Dollar weakens, Yuan soars on Chinese reopening hopes

• U.S. consumer spending powers ahead in October; inflation cooling • Global manufacturing gloom dims UK activity • German retail sales fall in October as inflation takes hold • Dollar index lowest since August as inflation moderates