Daily Market Insight

• Euro zone business activity fell again in Nov, stoking recession fears • Japan's factory activity shrinks for 6th month on weak demand • Japan core CPI inflation grows slightly less than expected in Oct • Dollar index slips below 104 amid Thanksgiving, European PMI data rises

• US weekly jobless claims fall; business spending on equipment easing • US consumers worry inflation will pick up again • ECB rate cut expectations rise amid economic slowdown concerns • Dollar climbs after U.S. labor, consumer sentiment data

• US existing home sales slump to more than 13-year low, prices accelerate • Japan cuts view on economy for first time in 10 months • Singapore's Q3 GDP tops initial estimates on financial services, tourism • Dollar poised to halt slide after Fed minutes

• Fed officials signal potential for interest rate cuts by May • Bundesbank sees Germany's economy shrinking further in Q4 • China's central bank to announce Loan Prime Rate, expected steady • Dollar falls to 2-1/2 month low on Fed expectations, yen strengthens

• US housing starts rise moderately; tight supply supporting new construction • More expensive services, food drive euro zone inflation in Oct • Japan Oct CPI seen accelerating, staying above BOJ's target • Dollar posts steep weekly fall, trades below 150 yen

• US labor market loosening as weekly jobless claims hit three-month high • US import prices post largest drop in seven months • China's home prices dip for 4th month, may weaken further • Dollar steady as US jobless claims boost Fed rate cut bets

• US economy cools as retail sales dip • US producer prices unexpectedly fall in October • Japan's export growth slows as China, global downturn risks loom • Dollar gains on retail sales data, Fed rate cut date unclear

• US inflation slows to 3.2% in October • Euro zone Q3 GDP shrinks, but employment rises • Japan's economy contracts as recession risks grow • Dollar down as markets bet Fed done with hikes

• Moody's turns negative on US credit rating • UK house asking prices in largest fall since 2018 in November • IMF upgrades China's growth forecasts of 2023 and 2024 • Global oil demand continues to demonstrate strength and resilience, with better-than-expected growth in 4Q23 • Dollar firm ahead of US inflation data; yen hovers near one-year low

• US consumer sentiment drops again in November, inflation expectations rise • Japan's wholesale inflation slows sharply in sign of waning cost pressures • Chinese deflation pressures global exporters, yuan's low aids domestic manufacturers • Dollar dips against euro, gains on yen as Fed policy stays in focus