South Korea Warns Weak Won Could Push Inflation Higher in 2025 
U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty 
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts 
Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts 
Canada Signals Delay in US Tariff Deal as Talks Shift to USMCA Review 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
The Chinese yuan is facing continued depreciation pressure amid country’s economic slowdown, but is expected to range trade prior to the Summit and to rally moderately before long as the world’s two largest economies will likely reach a framework agreement, according to the latest research report from Scotiabank.
Chinese regulators are increasingly concerned about intensified downward pressure on the nation’s economy. Falling Baltic Dry Index, official manufacturing PMI and PPI inflation suggest China’s economy losing steam.
In addition, China’s outstanding total social financing (TSF) and M2 money supply increased at a slower pace in October, casting a shadow on the country’s growth outlook.
The US stock rout will raise the chance to deescalate US-China trade tensions at the upcoming Trump-Xi Summit set for December 1, although the USTR Office on Tuesday released a detailed 53-page report that accused China of continuing a state-backed campaign of intellectual property and technology theft, the report added.
Top White House economic adviser Larry Kudlow said in an interview with Fox Business Network Tuesday that President Donald Trump is trying to "inject a note of optimism" into trade talks with China ahead of the planned meeting with Chinese President Xi Jinping.
Meanwhile, Kudlow added that Trump "believes that China would like to have a deal" and "very detailed communications" are taking place at all levels of government.
"Separately, it would boost high-yielding and high-beta currencies in the region should the Fed ease rate hikes in the year of 2019. We are awaiting the December "dot plot" that could provide us good clues to the Fed’s rate tightening path," Scotiabank commented.
