PBOC is expected to set the USD/CNY reference rate at 7.0709 – Reuters estimate
2,500+ flights grounded by storm! Airlines face waivers, travelers hit with delays. Holiday travel chaos.
UK services optimism fell to –50, the steepest drop in three years, as cost pressures hit profits, the CBI said. Reeves’ budget is seen adding further burdens. IoD sentiment ticked up only slightly to –72, leaving confidence near record lows.
Australia’s Melbourne Institute inflation rose 0.3% in November, unchanged from October, while annual inflation edged up to 3.2%. The data point to stubborn price pressures staying above the RBA’s 2–3% target band.
Australia's home prices up 1% in Nov, but Sydney/Melbourne gains slow. High rates & debt caps curb expensive markets.
Silver (XAG) moons to record highs on China's 10-yr low stockpiles & supply squeeze. Traders eye further upside.
Global arms sales surge 5.9% to $679B on war demand; US firms up 3.8%, Europe 13%. Watch supply chain risks!
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