Global Datanote: Reserve Bank of India Decision

• In one line: A halfway-house approach in response to the grim Q3 GDP.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: Final Composite PMIs, Eurozone, November

In one line: Pointing to downside risks still, but probably overdoing it.

Melanie Debono (Senior Eurozone Economist)Global

4 December 2024 Global Monitor ECB doves will push hard for a 50bp cut in December; we doubt they'll get it

• US -  November payrolls to indicate the trend is still slowing
• EUROZONE - ECB likely to cut by 25bp this month, and the same in January
• UK - MPC splits into three camps to match its three scenarios
• CHINA+ - Tokyo headline inflation jump mostly due to food and energy inflation
• EM ASIA -India’s disastrous Q3 GDP print has been long in the making
• LATAM -Brazil facing rising inflation and economic issues ahead of rate hikes

Claus Vistesen (Chief Eurozone Economist)Global

Global Datanote: GDP, Third Quarter, Brazil, 2024

• In one line: Solid, but high interest rates will be a drag.

Andrés Abadía (Chief LatAm Economist)Global

Global Datanote: US ISM Manufacturing Survey, November

Tentative signs of improvement, but still weak.

Oliver Allen (Senior US Economist)Global

Global Datanote: CPI, Indonesia, November

• In one line: Moving closer to the lower bound of BI’s target range; S/T stability coming.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: Manufacturing PMI, ASEAN, November

• In one line: A narrow and likely short-lived uptick.

Miguel Chanco (Chief EM Asia Economist)Global