vs expectation 1.10- 1.20 %
October print 0.50% has been revised to 0.4%
This is the largest gain since March with the index at a record high
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US November Leading Index +1.1%
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- More from Musalem: Bond market is signaling a resilient economy/higher expected inflation.
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- US Treasury sells $77B of 7 year notes at a high yield of 4.290%
- US/Iran MOU on ceasefire has reached an agreement but Trump still needs to approve it
- Crude oil inventories fall -3.327 million versus -4.143 million estimate
- Atlanta Fed GDPNow estimate for Q2 comes in at 3.8% down from 4.3%
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