Greetings,

The United States: To begin, the Philly Fed’s regional manufacturing expectations index dipped well below the 2008 trough.

The Conference Board index of leading economic indicators declined 0.8% last month, which was more than the expected 0.6%. Here is the breakdown.

The Eurozone: The ECB raised rates by 50 bps but provided no guidance on further action.

Japan:  Japan’s core CPI hit 1% for the first time since 2016.

Energy: This chart shows key drivers of non-OPEC liquids supply growth next year.

Equities: Fund managers want companies to cut debt rather than invest or return cash.

Cryptocurrency: The crypto Fear & Greed Index exited “extreme fear” territory this week as bearish sentiment waned.

Food for Thought: To close off for the week, here are the most popular payment methods:

Edited by William Villacis

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