Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
U.S. May Withhold $30.4 Million From Minnesota Over Improper Commercial Driver Licenses 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Japan’s Rising Inflation Strengthens Case for a Near-Term BOJ Rate Hike 
RBNZ Cuts Interest Rates Again as Inflation Cools and Recovery Remains Fragile 
Tech Stocks Lift S&P 500 as Fed Rate-Cut Expectations Rise 
South Korea Inflation Edges Up in November as Food and Service Costs Climb 
BOJ’s Noguchi Calls for Cautious, Gradual Interest Rate Hikes to Sustain Inflation Goals 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
RBA Minutes Signal Growing Caution on Future Rate Cuts Amid Persistent Inflation 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
European Central Bank's (ECB) unprecedented easing, which has unleashed more than €250 billion of liquidity in Euro zone seems to be working its magic for the economy as well as almost all subsectors, as per latest data from Markit economics.
According to sectorial PMI research,
- In July, Banks topped sectorial rankings, suggesting ECB's easing finally sipping into the performance of the sector, which is expecting better business days ahead. Financials were the fastest growing broad sector.
- Data also pointed out that consumers are warming up to better economic days as strong expansion in output were registered in beverages to Automobiles to Tourism.
- Commercial sectors seem to be improving to with expansion seen across industry, with greater expansion for machinery and equipment.
- Construction, however continues to lag and even contracted in July from June.
In spite of rate hike from FED and all global headwinds, European stocks are likely to outperform going ahead, especially after the rate hike from US Federal Reserve.
