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US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
Gold Prices Rebound on U.S.-Iran Peace Deal Optimism Despite Fed Rate Hike Signals 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
German Auto Suppliers Turn Bearish as Investment and Jobs Shift Overseas 
Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
Trump Questions USMCA Renewal as Trade Talks Continue 
German Industry Employment Falls to Lowest Level in a Decade 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed 
China’s services industry expanded at its weakest pace in five months in November, highlighting ongoing challenges for the world’s second-largest economy. According to the latest RatingDog China General Services PMI, compiled by S&P Global, the index slipped to 52.1 from October’s 52.6. Although still above the 50-point threshold that signals growth, the reading reflects a noticeable loss of momentum.
The results mirror the government’s official services PMI, released earlier this week, which dipped into contraction territory at 49.5 compared with 50.2 in October. Analysts note that the RatingDog index offers deeper insight into the performance of smaller, export-oriented service providers—particularly along China’s eastern coastal regions—while the official government PMI largely captures trends among bigger firms and state-backed enterprises.
China’s broader economic outlook has dimmed in recent months. Third-quarter GDP growth slowed to its weakest level in a year, raising concerns about waning domestic demand and the uneven nature of the country’s post-pandemic recovery. Policymakers have signaled a stronger focus on boosting consumption over the next five years, though large-scale stimulus has yet to materialize.
The November survey showed new orders rising at their slowest pace in five months, even as export demand returned to expansion after October’s decline. S&P Global attributed the improvement in external orders to easing uncertainty around U.S.–China trade relations. However, RatingDog Founder Yao Yu emphasized that shrinking employment levels, thinning profit margins, and weakening business expectations continue to weigh heavily on the sector.
Employment in services fell for a fourth straight month, contributing to an increase in unfinished workloads. Meanwhile, input costs—from fuel to office supplies—continued to climb, prompting some firms to pass on higher expenses through modest increases in output charges.
Business confidence remained positive in November but eased to its lowest point since April. The Composite Output Index, which tracks combined manufacturing and services performance, also slipped to 51.2 from 51.8 in October, underscoring the economy’s slowing momentum.
