European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
U.S. Stocks End Week Higher as Markets Anticipate Fed Rate Cut 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
The annualized 12-month movement of the Australian year-on-year CPI in November 2024 came in at 2.3%. Comparing this figure, the reading of 2.1% as reported in October 2024 was well ahead of the market forecast, which had looked for a rise of 2.2% in November.
Key drivers contributing to the jump in CPI were Food and Non-Alcoholic Beverages at +2.9%, Alcohol and Tobacco at +6.7%, and Recreation and Culture at +3.2%.
However, these rises were somewhat balanced by big dips in:
Electricity: -21.5%
Automotive Fuel: -10.2%
Looking at CPI excluding more volatile items and holiday travel, the figure rose 2.8%, whereas two months ago, it had risen 2.4%. The trimmed mean inflation, or the core inflation measure, was at 3.2%, having dropped from the previous 3.5%.
This CPI data is important as it indicates the present state of the economy and impacts decisions by monetary authorities in Australia. It is still within the Reserve Bank of Australia's target inflation range of 2-3%.
