BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Japan’s Finance Minister Signals Alignment With BOJ as Rate Hike Speculation Grows 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
U.S. Stocks Slip as Investors Await Fed Rate Decision and Monitor Market Shifts 
Dollar Slips as Weak U.S. Manufacturing Data Increases Pressure for Fed Rate Cuts 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Trump Administration Plans Major Rollback of Biden-Era Fuel Economy Standards 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
RBA Signals Possible Rate Implications as Inflation Proves More Persistent 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Oil Prices Rise as Geopolitical Tensions and Supply Risks Intensify 
Japan’s Service Sector Sustains Growth Momentum in November 
Euro area posted a record trade balance at ¥194.8 billion, shows the latest data published from Euro stat.
Positive trade balance is very favorable for any country and euro area especially Germany remains robust from this point. These positive balances will be favorable to European stocks & Euro once the cloud of uncertainty passes away.
The European stocks at this valuation of Euro looks very favorable and we feel further good days are ahead for the stocks and Indexes (like DAX, IBEX) in the months to come.
DAX is currently just shy of its all-time high of 11,000 and E.Stxx50 trading at 3,440 up more than 10% for the year.
- Top performer is Germany (+€201.8 billion) followed by the Netherlands (+€57.5 billion), Italy (+€37.1 billion), Ireland (+€32.2 billion).
- Worst performers are France (-€67.5 billion), Spain (-€23.0 billion) and Greece (-€18.9 billion).
- Another worthy noting data is export which is significantly down for Switzerland (-18%), though this we believe might change in the coming months after the massive devaluation of euro against franc.
- Exports & Imports to Russia down by 13% & 10% respectively.
Overall the tone of the data is positive for the euro over longer term but could of less impact in the near as the political uncertainty remains at large for now.
