Market Overview
- The Fed prefer an “easy does it” approach to rate cuts.
- US Non-Farm Payrolls came in got at 227,000 vs 214,000 predicted.
- Chinese inflation eased to 0.2% in November from October’s 0.3% below forecasts of 0.5% and marking the lowest level since June 2024. This slowdown highlights rising deflation risks despite recent stimulus measures and the Central Bank of China’s supportive monetary policy stance.
- Trump repeats his threats to impose tariffs on Canada, Mexico and China.
- China Producer prices declined for the 26th month falling by 2.5% year on year in November slightly less than the 2.8% expected.
- ECB set to cut interest rates Friday by a quarter of a percent.
- The Australian Dollar (AUD) has been the best performing currency so far this week with the Japanese Yen (JPY) the worst performer in the main basket of currencies.