Platinum climbed to $1,650 this week as China launched physically settled futures and options, increasing transparency and attracting industrial, jewelry, and investor participation, Commerzbank's commodity analyst Carsten Fritsch notes.
Rabobank's RaboResearch Global Economics & Markets report indicates a painfully slow manufacturing recovery in the Eurozone, with industrial confidence remaining weak.
Annual inflation in Germany, as measured by the change in the Consumer Price Index (CPI), remained unchanged at 2.3% in November's preliminary estimate, Germany's Federal Statistical Office reported on Friday. This reading came in below the market expectation of 2.4%.
According to Rabobank, European markets have shown remarkable resilience this week, shrugging off France's fiscal woes and the European Commission's Excessive Deficit Procedure for eight countries.
US Dollar (USD) is likely to consolidate within a range of 7.0680/7.0880. In the longer run, downward momentum remains strong; if USD breaks below 7.0600, the next level to watch is 7.0400, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Rabobank's latest market comments highlight a significant political setback for the French government, as the National Assembly failed to finalize the 2026 draft budget's first reading.
The prospect of a BoJ rate hike in December continues to grow with the OIS implied probability now creeping above the 50% level.
Standard Chartered's inflation model uses surprise vs consensus for Spain core inflation to predict region-wide surprises. It predicts that euro-area core inflation for November will match the consensus estimate of 2.5% y/y.
The BoK’s move to drop rate-cut language has offered the KRW some support, even as officials flag rising overseas investment by young Koreans and call for more cautious FX hedging by the national pension fund, DBS' Senior FX Strategist Chang Wei Liang notes.
The inflation figures for the Greater Tokyo Area published this morning, which are a reliable indicator of price developments across the country, came in slightly above expectations.