Hang Seng mixed as China inflation rises but deflation worries linger
HKG33 finds support after consumer prices accelerated in November, but deflation fears persist
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HKG33 finds support after consumer prices accelerated in November, but deflation fears persist
The pair drops after the Australian central bank kept rates unchanged and delivered a hawkish message, while USD faces headwinds from Fed rate cut bets.
USOIL tries to maintain its momentum from last week’s advance amid Fed rate cut bets and ongoing Ukraine war, but supply-demand dynamics remain unfavorable.
Despite avoiding it last week, risk of new 2024 low remains high as the Fed heads to a shallower easing path, while the ECB may need to remain aggressive
Copper breached 4.000 for the first time in four months as markets assess Trump’s potential impacts, but finds tries to find reprieve after China announced the end of export tax rebates
The pair heads towards a losing as markets try to decode the potential impact of a Trump administration amid pro-oil policy and China tariff threats
The victory of Donald Trump in last week’s elections send Wall Street soaring, with US 2000 outperforming the broader SPX500
Although its major peers are cutting rates, the RBA does not go do down this road and the Aussie reacts higher
The pair drops and heads towards its worst month of the year, as Australian inflation showed further moderation and is likely to add pressure to the RBA to follow its peers and start cutting rates
The pair extends this month’s losses, as UK inflation dropped below the 2% target for the first time in over three years, strengthening the case for bolder rate cuts by the central bank
HKG33 is tepid as Chinese authorities announced new fiscal support, but the lack of details and soft inflation report sustain skepticism
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