European Stocks Rise as Markets Await Key U.S. Inflation Data 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
The annualized 12-month movement of the Australian year-on-year CPI in November 2024 came in at 2.3%. Comparing this figure, the reading of 2.1% as reported in October 2024 was well ahead of the market forecast, which had looked for a rise of 2.2% in November.
Key drivers contributing to the jump in CPI were Food and Non-Alcoholic Beverages at +2.9%, Alcohol and Tobacco at +6.7%, and Recreation and Culture at +3.2%.
However, these rises were somewhat balanced by big dips in:
Electricity: -21.5%
Automotive Fuel: -10.2%
Looking at CPI excluding more volatile items and holiday travel, the figure rose 2.8%, whereas two months ago, it had risen 2.4%. The trimmed mean inflation, or the core inflation measure, was at 3.2%, having dropped from the previous 3.5%.
This CPI data is important as it indicates the present state of the economy and impacts decisions by monetary authorities in Australia. It is still within the Reserve Bank of Australia's target inflation range of 2-3%.
