Tonka Trucks Gambled on Keeping Production in China and Survived—Barely

Gold prices remained steady in the early Asian session as investors await the U.S. November employment report, which is expected to provide insights into the labor market and economic conditions. This stability reflects a cautious approach among traders ahead of significant economic data releases.

The WSJ Dollar Index has fallen by 0.10% to 96.02, marking a decline for three of the past four trading days. This downward trend reflects ongoing pressures on the U.S. dollar amid changing economic conditions.

U.S. natural gas futures have fallen for a third consecutive session, reaching their lowest level in six weeks, reflecting a significant decline in market confidence. This downturn is attributed to shifting weather forecasts that have dampened expectations for colder temperatures, which previously supported prices.

Arthur L. Carter, a notable figure in investment banking and media, passed away at the age of 93. He was instrumental in building a brokerage giant alongside Sandy Weill and founded The New York Observer in 1987, which gained recognition for its unique editorial voice.

Canada’s inflation rate remained steady at 2.2% in November, as consumers experienced a decrease in service costs but faced the highest grocery price increases since late 2023, alongside a less pronounced decline in fuel prices.

New York State's manufacturing activity unexpectedly contracted this month, following a peak in November, primarily due to a decline in shipments and signs of weakening demand. This downturn raises concerns about the stability of the manufacturing sector in the region.

Gold prices have reached near a two-month high, driven by a softening U.S. dollar, as market participants await critical inflation and labor data from the U.S. This rise in gold prices reflects ongoing investor interest in safe-haven assets amid economic uncertainties.

Eurozone industrial output saw growth in October, signaling a potential recovery as Germany's manufacturing sector shows signs of stabilization amidst concerns over the impact of higher U.S. tariffs on European factories.