Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Oil Prices Rise as US-Iran Tensions Threaten Strait of Hormuz Oil Shipments 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
Economic pessimism has set in – but there are reasons for Australians to be hopeful 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
Gold Prices Rise Above $4,000 as Inflation Data and Weaker Dollar Boost Demand 
In November 2024, China's industrial production grew by 5.4% compared to last year's. This was in line with what experts expected and a slight increase from the 5.3% growth in October. This rise is largely due to government efforts to help businesses, especially in the manufacturing and industrial sectors.
However, other economic signs tell a different story. Retail sales only increased by 3.0% year-on-year, much lower than the expected 4.6% increase and down from 4.8% in October. This suggests that people are not spending as much money as hoped.
Fixed asset investment, which includes things like buildings and machinery, went up by 3.3% for the year to date, but that was just below the expected 3.4% growth.
Overall, while industrial production is doing well, the lower retail sales point to problems with consumer demand and confidence in the Chinese economy.
