Daily Market Insight

• U.S. Q3 GDP growth revised up to 2.9% on stronger consumer spending • U.S. job openings fall in October; labor market still tight • Japan Q3 capital spending jumps nearly 10%, fastest pace in 4 years • Dollar dips as Powell says rate hikes may slow

• U.S. house prices fell another 1.5% in September • German inflation eased in November but too soon for 'all-clear’ • Chinese PMIs shrink further in November as zero-COVID weighs • Oil up as U.S. crude stocks seen falling, OPEC+ concerns limit gains

• Euro zone credit growth remains brisk despite gloomy outlook • UK housing market seen facing further ‘mini-budget’ fallout • Japan retail sales disappoint in Oct as inflation, weak yen bite • Dollar gains on safe-haven flows after China's COVID protests

• U.S. Black Friday online sales hit record $9 billion despite high inflation • Japan factory output seen down for second month in sign of patchy recovery • China loosens monetary policy again with 25 bp reserve ratio cut • Dollar rises broadly, yuan slumps as China's COVID unrest rattles sentiment

• U.S. business activity weakens further in November • Consumer inflation in Japan’s capital rises at fastest pace in 40 years • South Korea producer inflation hits 16-month low in Oct • Dollar headed for weekly loss as investors brace for slower Fed hikes

• U.S. initial jobless claims hit three-month high of 240,000 • UK PMI sticks near 21-month low as orders weaken • Japan business activity shrinks in Nov on manufacturing slowdown • Dollar down as Fed minutes, U.S. data weighs

• World shares rise, U.S. Treasury yields fall ahead of Fed minutes • Eurozone consumer confidence rises by more than expected in Nov. • RBNZ hikes rates by record 75 bps, warns of economic slowdown • Oil prices climb on big drop in U.S. crude stocks, Russia supply uncertainty

• U.S. business equipment borrowings grew 6% in October • China leaves lending benchmarks unchanged for 3rd straight month in Nov • Thai economy posts fastest growth in a year, global risks cloud outlook • Dollar soars on safe haven flows as China's COVID woes increase

• US existing home sales plunge; tight inventory keeps prices rising • UK retail sales recover only partially as outlook darkens • Japan’s inflation hits 40-year high as BOJ sticks to easy policy • Oil falls on worries of US rate hikes, China demand outlook

• US labor market remains tight despite technology sector layoffs • Euro zone Oct y/y inflation revised marginally lower, still record high • UK economy forecast to shrink 1.4% in 2023 • Oil falls on worries of U.S. rate hikes, China demand outlook