South Korea Inflation Edges Up in November as Food and Service Costs Climb 
U.S. Stocks Slip as Investors Await Fed Rate Decision and Monitor Market Shifts 
Tech Stocks Lift S&P 500 as Fed Rate-Cut Expectations Rise 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Trump and Lula Discuss Trade, Sanctions, and Security in “Productive” Phone Call 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Dollar Slips as Weak U.S. Manufacturing Data Increases Pressure for Fed Rate Cuts 
U.S. May Withhold $30.4 Million From Minnesota Over Improper Commercial Driver Licenses 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Japan’s Service Sector Sustains Growth Momentum in November 
Intel Boosts Malaysia Operations with Additional RM860 Million Investment 
Oil Prices Rise as Geopolitical Tensions and Supply Risks Intensify 
U.S. Soybean Shipments to China Gain Momentum as Trade Tensions Ease 
U.S. Cyber Monday Online Sales Surge Past $9.1 Billion as Holiday Shopping Momentum Builds 
South Korea Posts Stronger-Than-Expected 1.3% Economic Growth in Q3 
RBA Signals Possible Rate Implications as Inflation Proves More Persistent 
Brazil's June inflation increased at 0.79% m/m, and compatible with an annual print of 8.89% y/y. Year-to-date, inflation has accumulated 6.2%. During June, the largest pressure came from the personal expenditures group, due to the lottery games adjustment, followed by the food group, which was pressured by dairy, meats and out-of-home food.
"It is believed, IPCA forecast to peak at 9.32% y/y during the next two months, then to move down softly to 8.9% by the end of the year. Risks to the forecast are if wages dynamics continue to deteriorate in a way that would affect services inflation this year, although It is expected quite unlikely in the short term" notes Barclays
Today's print does not change the view regarding the central bank reaction. It is believed central bank will solely focus on the inflation outlook, and as it incorporates the unusually high inflation prints for the period (mid-year inflation usually is lower due to seasonal food prices being lower), It is believed models to show a convergence of inflation to the mid-point of the target by the July 29 meeting. It is expected a 50bp hike by the end of the month, says Barclays.
