Australia Sets New Minimum Pay, Insurance Rules for Gig Workers 
Oil Prices Rise as Hormuz Tensions Threaten Global Supply 
Gold Price Holds Near $4,400 as Hormuz Risks and CPI Drive Markets 
Wall Street Hits Record High as Softer Inflation Data Eases Fed Rate Hike Fears 
Asian Currencies Steady as Dollar Holds Firm After U.S. Inflation Data 
Canada-US Trade Talks Gain Momentum Ahead of Aug. 19 Tariff Deadline 
Trump Imposes New US Tariffs on Drone Imports Over National Security Concerns 
Asian Stocks Rise as AI Chip Rally Lifts South Korea, Japan 
Oil Prices Fall as U.S. Crude Inventories Surge and Hormuz Tensions Persist 
UK Economy Posts Surprise June Growth as World Cup and Hot Weather Lift Activity 
China Automakers Accelerate Global Expansion as Domestic Car Sales Slump 
Gold Prices Retreat From Two-Month High as Softer Inflation Eases Fed Rate Hike Bets 
Canada, US Hold Fresh Trade Talks as August 19 Tariff Deadline Nears 
KOSPI Rebounds 20% as Samsung, SK Hynix Lead South Korea Stock Rally 
Oil, Gold Rise as Geopolitical Risks Grip Markets Ahead of U.S. CPI 
Asian Currencies Steady Ahead of US CPI as Oil Prices Rise 
KOSPI Eyes Best Weekly Gain Since June as Samsung, SK Hynix Rally 
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In November 2024, China's Consumer Price Index (CPI) increased by 0.2% compared to the same month last year. This is a drop from a 0.3% increase in October and is lower than what economists expected, which was a 0.4% rise. This situation shows that consumer demand is still weak despite efforts from the government to boost the economy.
Additionally, the Producer Price Index (PPI) indicates ongoing price drops in factory goods. It fell by 2.5% compared to last year, which is better than the 2.9% drop in October. This marks the 26th month in which producer prices have fallen, showing ongoing problems in manufacturing and the economy as a whole.
