Bank of Korea Holds Steady as It Flags Higher Growth, Inflation

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.

Asahi Noguchi, a member of the Bank of Japan's policy board, emphasized the need for caution in implementing interest rate hikes, advocating for a balanced approach that avoids rapid changes. This statement comes amid ongoing discussions about the economic landscape in Japan, particularly concerning inflation and currency valuation.

South Korea's exports are projected to rise in November, driven by strong demand in the technology sector and a favorable trade agreement with the United States, according to a Reuters poll. This positive outlook reflects the resilience of South Korea's export-driven economy amidst global market fluctuations.

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.