Global Motor Oil and Auto Paint Shortages Persist Despite Potential U.S.-Iran Peace Deal 
Asian Stocks Advance as Nikkei Nears Record High Ahead of Fed Decision 
U.S. Gasoline Prices Fall Below $4 as U.S.-Iran Deal Eases Oil Market Concerns 
AI-Focused Asia Hedge Funds Deliver Triple-Digit Returns in 2026 Rally 
Oil Prices Tumble as U.S.-Iran Peace Deal Eases Supply Concerns 
US-Iran Ceasefire Deal Extends Peace Talks and Eases Oil Trade Restrictions 
BOJ Raises Interest Rates to 31-Year High, Signals Strong Focus on Inflation Risks 
ASX Proposes New Share Dilution Limits for Public Takeovers 
Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details 
US Stock Futures Edge Higher Ahead of Key Federal Reserve Decision 
Asian Markets Mixed Ahead of Key Central Bank Decisions 
U.S.-Iran Peace Deal Extends Gulf Ceasefire, Reopens Strait of Hormuz 
German Auto Suppliers Turn Bearish as Investment and Jobs Shift Overseas 
Japan Trade Deficit Narrows as Exports Surge in May 
North Korea Reports Industrial Output at 105% of Target Following Party Congress 
Gold Prices Surge Above $4,300 as US-Iran Peace Deal Weakens Dollar and Oil 
RBA Expected to Hold Interest Rates at 4.35% as Markets Watch AUD/USD and ASX 200 
US dollar index is trading in a narrow range between 106.33 and 106.96 in past one week due to mixed US economic data.
As of November 14, 2024, the Producer Price Index (PPI) showed no change from the previous month, while the core PPI rose by 0.2%. Jobless claims slightly improved, with initial claims falling to 221,000 but continuing claims rising to 1.892 million. Retail sales increased by 0.4% in October, exceeding expectations, while industrial production fell by 0.3%. Consumer sentiment declined to 70.5, suggesting people are becoming more cautious. Inflation expectations hit a four-year low, indicating easing price pressures. Overall, the economy shows mixed signals, with strength in retail but weakness in production and claims. These trends will be important for policymakers moving forward.
Recent reports on the Consumer Price Index (CPI) and Producer Price Index (PPI) have changed expectations for a Federal Reserve rate cut. The chance of a rate cut in December has increased to about 80%, up from around 60% beforehand. Traders widely believe the Fed will lower interest rates by 25 basis points. This development shows growing confidence that the Fed will respond to the economic data. Overall, the situation suggests a likely move towards easing monetary policy.
Next week, several countries are set to announce their estimates for October consumer inflation
Canadian CPI Data
Release Date: Tuesday, November 19, 2024.
UK CPI Data
Release Date: Wednesday, November 20, 2024.
