INT
ECB will be cautious about cutting rates too early
Headline inflation rose from 2.4% to 2.9% in December as energy price falls stabilised and services prices picked up
EUFood price slowdown will be very slow and very uneven
Food prices fell for the 19th month in 21 but remain 27% higher than at the start of 2019; sugar prices fell promisingly
InternationalPMIs signal services bottoming out above manufacturing
UK and euro-area services PMIs point to services gradually recovering after a shallow downturn
EUUS job market is slowing in line with Fed assumptions
Job vacancies, quits and hiring fell modestly in November, in line with the labour market slowing steadily
United StatesDutch chip move against China will not end EU-US rift
The Dutch government has barred semiconductor manufacturer ASML from selling two advanced lithography systems to China
NetherlandsClimate finance will grow but huge challenges persist
The COP28 aims of “transitioning away” from fossil fuels and tripling renewable energy capacity require huge investment
InternationalEurope’s long manufacturing downturn will last longer
Europe’s latest manufacturing PMIs indicate that the long downturn will persist
EUAsia’s manufacturing and trade flows are stabilising
China’s private sector-focused manufacturing PMI edged up but its official PMI fell in line with the rest of East Asia
Asia
