Daily Market Insight

• 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

• US manufacturing output increases in November, underlying trend soft • Euro zone likely in recession, PMI surveys show • China's economic conditions to improve in 2024 • Dollar rebounds as Fed's Williams talks down rate cuts

• US economy still resilient as retail sales beat expectations, layoffs stay low • Japan's factory activity extends declines as pressures persist • China's weak property sector, retail sales keep stimulus calls alive • Dollar tumbles on dovish Fed, euro gains as ECB talks down rate cuts

• US producer prices unchanged amid cheaper energy products • Euro zone industry output falls by more than expected in October • Japan Oct machinery orders unexpectedly rise despite economic uncertainty • Dollar drops as Fed signals coming rate cuts

• US November’s inflation edged down while core inflation remains • UK unemployment rate holds steady at 4.2% • Japan’s PPI slows to weakest pace since 2021 • Oil falls on softening demand, oversupply concerns • Dollar dips as investors wait for Fed’s last meeting