PBOC is expected to set the USD/CNY reference rate at 6.8196 – Reuters estimate

Fed rate cuts fuel 2026 S&P 500 rally hopes, but a 20% drop looms if recession hits. Traders eye valuation.

China's retail sales miss Nov. estimates, fueling consumption fears. Investment slump deepens, worst growth since Covid.

China’s statistics bureau said the economy stabilised while improving in November but warned of deeper external headwinds and weak demand. Authorities signalled readiness to step up counter- and cross-cyclical policy adjustments.

China's Nov output & retail sales slow (4.8%, 1.3%). Property crisis persists, home prices seen falling till '27. Trade surplus sparks tariff threats.

Japan’s yen recovered after initial weakness following the BOJ’s Tankan survey and supportive official comments, as markets reassessed the chances of a December 19 rate hike. USD/JPY retreated below 155.60 after briefly topping 155.95.

Tech stocks dump on AI bubble fears despite Broadcom's steady numbers. Traders eye CPI for direction.

RBNZ Governor Breman: If economy evolves as expected, current 2.5% rate likely remains Reserve Bank of New Zealand Governor Ann Breman does hint at a (low probability) further rate cut though. NZD marked lower.