Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
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Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
UK public sector net borrowing surpassed again, after surpassing last month too. Excluding borrowing by state backed banks, borrowings were £14.2 billion in November, much larger from £7.4 billion in the previous month. Economists had expected much lower borrowing of £11.8 billion.
Though public sector net borrowing (excluding banks) is lower by £6.6 billion to £66.9 billion in current financial year so far (April to November) compared to last year, it is much higher than what was expected and UK is on its way to miss fiscal discipline target. Chancellor George Osborne originally planned to balance UK's budget by 2018 but later revised to 2019/20, however it could be in further future now.
Public sector net borrowing is now £71.4 billion higher compared to same month last year, pushing the total to £ 1.54 trillion.
UK borrowing cost have increased on the news. 2 year yield is up 4.25%, trading at 0.61%, while 10 year yield is up 1.5%, trading at 1.84%.
