Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
South Korea's industrial output rose 0.7 percent on-month November due to improving exports, but consumption plunged for the second straight month amid a coronavirus resurgence.
However, the industrial output in November was a 0.6 percent on-year drop.
The mining, manufacturing, gas, and electricity industries gained a 0.3 percent production increase on-month in November, while the chips and display panels production also improved.
But retail sales dropped 0.9 percent from a month earlier, compared with a 1 percent on-month decline in October, the data showed. From a year earlier, they fell 1.5 percent, marking the second straight month of an on-year decline.
Sales of semidurable goods, such as clothes, plummeted 6.9 percent, while those of durable goods, such as cars, dipped 0.9 percent.
Meanwhile, sales of nondurable goods and food jumped 1.3 percent on-month.
Statistics Korea said the face-to-face service and retail sales sector may shrink in December due to increasing spiking COVID-19 cases.
On Dec. 8, the country tightened its virus curbs to Level 2.5 in the Seoul metropolitan area, where half of its 51.6 million population lived. It was Level 2 for the rest of the country.
