Asian Markets Slide as Silver Volatility, Earnings Season, and Central Bank Meetings Rattle Investors 
U.S. Stock Futures Slip as Markets Brace for Big Tech Earnings and Key Data 
JPMorgan Lifts Gold Price Forecast to $6,300 by End-2026 on Strong Central Bank and Investor Demand 
South Korea Factory Activity Hits 18-Month High as Export Demand Surges 
India Budget 2025 Highlights Manufacturing Push but Falls Short of Market Expectations 
UK Employers Plan Moderate Pay Rises as Inflation Pressures Ease but Persist 
China and Uruguay Strengthen Strategic Partnership Amid Shifting Global Order 
Philippines Manufacturing PMI Hits Nine-Month High Despite Weak Confidence Outlook 
Japan Finance Minister Defends PM Takaichi’s Remarks on Weak Yen Benefits 
Gold Prices Stabilize in Asian Trade After Sharp Weekly Losses Amid Fed Uncertainty 
Gold and Asian Stocks Rebound as Market Volatility Eases and Global Sentiment Improves 
Gold, Silver, and Platinum Rally as Precious Metals Recover from Sharp Selloff 
S&P 500 Rises as AI Stocks and Small Caps Rally on Strong Earnings Outlook 
Oil Prices Steady as Markets Weigh U.S.-Iran Talks, Dollar Strength Caps Gains 
Dollar Holds Firm as Strong U.S. Data, Fed Expectations and Global Central Bank Moves Shape Markets 
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%.
