December 13, 2023
United States:
US Producer-Price Inflation Cools to Below 1% as Energy Slides
US producer-price gains slowed in November as energy costs declined, adding to signs that inflation pressures are abating.
The producer price index for final demand was unchanged from a month earlier. Excluding food and energy, the so-called core PPI was also flat, Bureau of Labor Statistics data showed.
Europe:
Deutsche Bank Faces Lower Capital Requirement on ECB Relief
Deutsche Bank AG will have to set aside less money for its capital buffers next year, one of the few European lenders to get relief from the European Central Bank.
While Germany’s largest bank didn’t say what prompted the change, Bloomberg reported in September that the firm was likely to win a reduction in a capital surcharge targeting its leveraged finance operations after cutting risk in the business.
Asia:
Japan Business Sentiment Rises Across the Board Ahead of BOJ
Confidence among a wide range of Japanese companies picked up in the fourth quarter, sending a positive signal to the Bank of Japan ahead of next week’s policy decision.
An index of sentiment among the country’s biggest manufacturers rose to 12 in December from 9 three months earlier, the third straight gain, according to the BOJ’s quarterly Tankan report Wednesday. The reading beat economists’ forecast of 10.
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