International Market Updates

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• The Federal Reserves has now officially anchored interest rates to unemployment and inflation.• The U.S. November jobs report was surprisi.....

Executive Summary

• The Federal Reserves has now officially anchored interest rates to unemployment and inflation.


• The U.S. November jobs report was surprisingly positive-at least at the headline level.


• Home prices climbed more than forecast in October, indicating a rebounding real-estate market will bolster the U.S.


• In Germany, the final manufacturing PMI for November continues to suggest that the goods producing sector was contracting at the start of the quarter.


• The Bank of Japan boosted the size of its asset-purchase program by JPY10tn ($119bn) to JPY101tn ($1.2tn), in an effort to boost slowing economic activity.


• In China we saw some signals of marginal improvement of operating conditions; the first improvement of operating conditions recorded in 13 months.

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International Market Updates

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