BOJ Rate Hikes Must Proceed With Caution, Board Member Says

Gilt yields in the U.K. have risen while the pound has fallen, driven by renewed concerns over government spending and the delayed implementation of tax increases. This shift in market sentiment reflects growing unease ahead of the upcoming budget announcement, which is expected to outline the government's fiscal strategy.

Eurozone business confidence has shown a slight increase, reaching its highest level since April 2023, although it remains below the long-term average. This uptick reflects a cautious optimism among businesses in the region amidst ongoing economic challenges.

Sweden's Debt Office has revised its budget deficit forecast, now expecting a widening deficit of 94 billion kronor for 2025 and 2026 compared to earlier estimates made in May. This adjustment indicates a significant change in the country's fiscal outlook.

German consumer confidence has shown signs of stabilization, with household sentiment rising for the second consecutive month as forecasts for December indicate an increase in willingness to buy. This positive trend reflects a gradual recovery in consumer attitudes amidst ongoing economic uncertainties.

The Bank of Korea has decided to keep its policy rate unchanged at 2.50% for the fourth consecutive meeting, while also raising its growth and inflation forecasts. This decision reflects the central bank's cautious approach amid evolving economic conditions.

Spot gold prices have edged higher amid rising expectations for a Federal Reserve interest rate cut, following dovish comments from policymakers, as reported by ANZ. This upward movement reflects a growing sentiment among investors seeking safe-haven assets in uncertain economic conditions.

Campbell's has terminated an executive following a leaked recording in which he criticized the company's ingredients and disparaged customers as 'poor.' This incident has raised concerns about the company's reputation and the health implications of its products.

The WSJ Dollar Index fell by 0.21% to 97.02, marking the second consecutive loss for the dollar. This decline reflects ongoing volatility in the currency markets, as traders react to various economic indicators and sentiments.