Daily Market Insight

• US construction on solid ground; manufacturing under pressure • Euro zone economy likely entered recession last year • China's home sales during New Year holiday fall 26% compared with 2023 • Dollar edges higher as risk rally hits pause

• New US jobless claims rise again as labor market cools • China manufacturing activity grows more than expected in Dec • Singapore's Q4 GDP speeds up on firmer construction, manufacturing • Dollar starts 2024 steady, focus switches to data

• World stocks at highest in over a year on rate cut bets • Japan Nov factory output falls on weaker autos • China's industrial profits post double-digit gains but recovery uneven • Bruised dollar wobbles as traders eye US rate cuts next year

• Fed rate cuts firmly in view for 2024, even as rate-setters shift • Japan corporate service inflation steady in November • BOJ's Ueda signals chance of policy shift, progress on price goal • Dollar struggles to gain footing in thin trade; yen steady

• US holiday retail sales grow 3.1%, down from prior year • Some in BOJ called for more debate on future easy policy exit -meeting summary • Singapore November core inflation slows to 3.2% y/y • Dollar under pressure on rate cut wagers in thin holiday market

• US inflation decelerating in boost to economy • US new home sales fall to one-year low in November • UK recession might be under way after economy shrinks in Q3 • Dollar slips to 5-month low as US inflation cools

• US labor market resilience keeps economy afloat as year ends • UK budget deficit shows limited room for election giveaways • Japan's core inflation slows in November, eases pressure on BOJ • Dollar index slips to 1-week low; traders eye Friday's U.S. inflation report

• US consumer confidence rises to five-month high; home sales eke out gains • German consumer sentiment to rise with start of new year • Japan government lifts economic growth estimates • Dollar rises on safe-haven bid, big UK inflation drop hits pound

• US single-family housing starts scale more than 1-1/2-year high • Japan's exports fall for first time in three months as China shipments sag • China leaves lending benchmark rates unchanged as expected • Dollar rises vs yen as BOJ sticks with ultra-loose policy

• US corporate bond issuance seen increasing after yields slide • German business sentiment falls in December • BOJ keeps ultra-loose policy intact • China's economic conditions to improve in 2024 • Dollar slips against euro as Fed rate-cut outlook weighs