Daily Market Insight

• 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

• US retail sales rise solidly; fourth-quarter GDP estimates raised • UK inflation hits 41-year high as Hunt readies tough budget • Japan trade gap persists as weak yen squeezes purchasing power • Dollar is red but supported by U.S. data, hawkish Fed speakers

• US PPI falls to 14-month low in October as supply bottlenecks ease • Euro zone Q3 GDP confirmed at 0.2% q/q, employment up as well • China's economy loses momentum as COVID curbs hit factories, consumers • Oil prices settle higher on Druzhba oil pipeline disruption

• Fed may slow pace of rate hikes soon: Brainard • Euro zone Sept industrial output much stronger than expected • Japan Q3 GDP shrinks as high inflation, weakening yen bite • Gold pinned near 3-month high, copper slumps on China COVID woes

• US consumer sentiment slumps; inflation expectations edge up • UK economy shrinks at start of feared long recession • Hong Kong's economy shrinks for third straight quarter, outlook dims • Dollar extends fall after inflation data knock

• US CPI falls to 9-month low in October, bolstering rate hopes • Half a million UK workers drop out of workforce, citing long-term illness • Japan's Oct wholesale prices rise 9.1% yr/yr • Dow soars as tech reigns supreme amid cooling inflation

• US wholesale inventories revised lower in September • UK hiring falls as political upheaval adds to employers’ worries • China's Oct new yuan loans seen sliding as demand weakens • Dollar higher as investors look past U.S. midterms to inflation data

• US small business sentiment falls in October • Euro zone Sept retail sales up m/m, Aug revised upwards • Japan's H1 current account surplus falls the most yr-on-yr since 2008 • Gold rallies above $1,700 as dollar weakens amid election jitters