Asian Stocks Rise as Weak US Jobs Data Eases Fed Rate Hike Bets 
Canada, US Hold Constructive Trade Talks as Tariff Negotiations Continue 
Japan Posts First Current Account Deficit in 17 Months as Dividend Payments Surge 
Iran-Oman Near Strait of Hormuz Deal as Shipping Tensions Persist 
US Dollar Falls as Weak July Jobs Report Dents Fed Rate Hike Bets 
Australian Shares Fall as Westpac Slides, Miners Gain Ahead of RBA Decision 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
According to latest report from BRC, shop prices are in decline at record pace in November, posing considerable doubts over bank of England's (BOE) ability hike rates. After maintaining the rhetoric for quite some time, in last monetary policy meeting and inflation report, BOE has scaled back their expectations for both inflation and interest rates.
According to BRC, UK shop prices declined for record 31st month, down -2.1%, after dropping 1.8% in October. Downward pressure on prices are quite significant.
- Detailed report shows, clothing and footwear prices are down -6.3% y/y, DIY, gardening and hardware down -4.7%, books, stationary and home entertainment prices are down -4.6%, Electricals are down -4.3%, overall non-food items are down -3.3%.
Official reading of annual inflation rate was -0.1% in October. It seems, November won't be much different.
Yesterday, manufacturing PMI report came at 52.7, weaker than prior and halted Pound's advance against Dollar around 1.512.
Pound is currently trading at 1.506, awaiting the construction PMI report.
