Daily Market Insight

• Core PCE holds steady, meets expectations • Michigan consumer sentiment index sees an uptick, surpassing forecasts • Euro Zone Q3 growth revised higher, driven by domestic demand • Japan revises Q3 GDP lower, reinforcing need for stimulus • Dollar index flats; PCE report unlikely to sway Fed

• US ADP payrolls fall in November, boosting Fed cut prospects • ISM Services PMI rises modestly, exceeds expectations • China services PMI slows, signaling economic fragility • Thai inflation records eighth straight monthly decline in November • Dollar slips on dovish Fed Chair prospects and mixed US data

• Trump eyes early-2026 Fed Chair pick, floats Hassett • Euro-Zone inflation ticks up, supporting ECB hold • OECD says global economy resilient to tariffs • Thailand tourist arrivals down 7.25% in Jan–Nov 2025 • Dollar mostly steady in quiet market

• US ISM manufacturing slump deepens in November • BOJ’s Ueda signals possibility of December rate hike • China’s private manufacturing PMI returns to contraction in November • Thai central bank proposes measures to curb baht strength • Dollar flat as yen gains counter losses in other G10 currencies

• CME trading halt hits markets worldwide • Trump proposes eliminating income tax • German inflation surges to nine-month peak, ECB watches closely • China’s manufacturing PMI improves but remains in contraction • Dollar stays lacklustre amid the quiet holiday

• ECB minutes signal cautious pause as members await fresh data • Euro zone economic sentiment edges up in November • Tokyo inflation exceeds forecast, BOJ rate hike on track • BOJ Dove avoids giving clear hint on timing of rate-hike move • Dollar stays lacklustre as Thanksgiving holiday curbs activity

• Initial jobless claims fall, beating market expectations • The UK’s Autumn Budget delivers few meaningful surprises • BOK keeps rate steady amid strong growth and financial risks • Thailand bond demand Plunges to six-year low • The dollar softens heading into the US Thanksgiving holiday

• US producer price index rises on higher energy, food costs • US retail sales rise by less than anticipated in September • US consumer confidence falls by most since April • Thailand’s trade deficit hits highest level since 2023 • Dollar falls on soft US data

• Fed’s Waller & Daly align on 25bp easing • Trump & Xi hold phone call • German business sentiment unexpectedly falls in November • Thailand fast-tracks $15B in stalled projects to boost growth • Dollar softens as Fed rhetoric boosted rate-cut expectations

• Fed’s Williams sees room for an interest rate cut in ‘near term’ • US PMI expands at fastest pace in four months • Euro-Zone PMI remains robust on services strength • Japan approves $135 billion stimulus in largest spending since pandemic • Dollar holds firm despite rising Fed cut expectations