Daily Market Insight

• BOJ summary points to further rate hikes • China signals more proactive fiscal stance in 2026 • China’s industrial profits tumble at fastest pace in over a year • Thailand, Cambodia agree ceasefire • Holiday season leaves FX trading light

• Japan PM signals fiscal discipline to calm market concerns over budget • Ueda signals further rate hikes amid rising confidence in price goal • Tokyo inflation cools more than expected • Thai trade deficit widens on surging imports • Dollar remains steady amid holiday-quiet markets

• US initial jobless claims drop, beating forecasts • Former BOJ member calls for careful rate policy to support growth • PBOC signals steady support with focus on long-term growth • Won rallies as Korea pledges strong action on currency • Thailand prepares demands ahead of Cambodia border talks • Dollar posts 2 month low but then recovers

• US economy outperforms expectations with 4.3% GDP growth • US consumer confidence drops for fifth straight month • US Industrial Production sees modest growth, outperforms forecasts • October minutes show BOJ debated continuing rate hikes • Thailand considers measures on massive gold trading amid baht surge • Dollar softens ahead of Christmas break

• Japan signals ‘free hand’ to act in FX markets • Q3 UK GDP unchanged at 0.1%, private sector gains offset government slump • China holds December Loan Prime Rates steady as expected • BoT holds inflation target at 1–3% for 2026 • Dollar edges down in headline-light session

• Fed’s Williams sees no urgency for additional rate cuts • Michigan consumer sentiment inches up but misses forecast • BOJ hikes interest rates to highest in 30 years • UK retail sales dip again amid pre-budget tax concerns • Dollar rises as yen weakens after BoJ hike

• US consumer prices increase less than expected in November • ECB keeps rates unchanged, turns more positive on economy • Bank of England cuts rates in tight vote • Japan’s core inflation steady in November, stays above BOJ target • Dollar steady as markets look through softer CPI

• Fed’s Waller wants lower interest rates but says no rush to cut • Eurozone inflation revised to 2.1%; UK inflation falls sharply • Japan exports to US rise first time since tariffs • Thailand cuts key rate to 1.25% on growth concerns • Dollar slightly firmer, rangebound ahead of CPI

• US payrolls rise after October drop, unemployment marches higher • US retail sales unexpectedly unchanged in October • Flash PMIs show slowing growth • UK unemployment rises ahead of BoE meeting • Dollar ends flat after choppy trading on heavy data day

• Williams says Fed policy in good position • China’s November activity data undershoot expectations • China’s home prices slide further in November • Thailand to curb Baht’s strength as currency hits four-year high • Thailand to hold election in February 2026 • USD slips marginally as markets lack clear drivers