Daily Market Insight

• BOJ's Ueda avoids hinting at a January rate hike • China maintains key rate while withdrawing largest amount of cash since 2014 • November marked the fifth straight month of export growth for Thailand • The forex market stayed flat throughout the Christmas holiday

• October minutes reveal BOJ's debate on caution in rate hikes • China considers issuing record $411 billion in special bonds, according to Reuters • Thai Cabinet approves handouts, wage hikes, and tax breaks • Thai Cabinet endorses 1%-3% inflation target for 2025 • The dollar inched up on Tuesday amid light trading during the holiday period

• Orders for US business equipment rise by most in over a year • US consumer confidence declines as political uncertainty impacts outlook • Revisions show UK economy stalled after Labour took office • Honda and Nissan begin merger talks, aim for 2026 • Dollar recovers after sharp decline on Friday

• Fed’s favored inflation gauge cools to slowest pace since May • Biden signs US spending deal that averts a government shutdown • Michigan Consumer Sentiment matches expectations, improving from the previous reading • Fed's Hammack says dissenting rate-cut vote was due to inflation concerns • Dollar ends the week stronger following inflation data and the Fed’s rate cut

• US Q3 GDP revised to 3.1% on stronger consumer spending and exports • BOE holds interest rates, signals gradual easing in 2025 • BOJ keeps rates steady, but proposal hints at upcoming hike • Japan's core inflation accelerates, boosting BOJ rate-hike expectations • Pound weakens as Bank of England keeps interest rates unchanged

• Fed lowers rates by a quarter point and signals two cuts in 2025 • Powell signals the Fed's renewed focus on inflation • UK inflation jumps to eight-month high ahead of BOE decision • Thailand keeps key rate unchanged, citing increasing uncertainties • Dollar index reaches two-year peak following Fed's rate cut

• US retail sales boost driven by surge in motor vehicle purchases • US industrial production unexpectedly falls due to mining and utilities • German business sentiment drops in December due to ongoing weakness • UK wage growth accelerates, heightening Bank of England concerns • Japan's trade balance improves in November on strong exports • Dollar stays strong ahead of Fed meeting; pound gains support

• US services sector surges, while US manufacturing PMI falls short • The decrease in eurozone business activity slows down in December • China's consumer slowdown highlights the urgent need to boost spending • China's home prices decline at a slower rate amid a "fragile" recovery • US Dollar flat as markets await Fed's decision

• UK economy suffers first back-to-back declines since 2020 • Japan's manufacturing PMI drops, services rise in December • China’s regulators vow to stabilize property, stock markets • China's credit growth slows despite recent stimulus • US Dollar remains steady as focus shifts to Fed decision

• U.S. Producer Price Index beats forecasts • US jobless claims rose to highest in two months • ECB cuts rates by 25 bps, signals potential for more • China vows bigger fiscal spending to boost consumption next year • Dollar up on inflation data, euro down after ECB cut