บทวิเคราะห์ (Research)

Global stock markets showed mixed signs. Fed is expected to cut the interest rate by 0.25% to 3.75% on December 10, but then it is projected to slow down interest rate cut in 2026. U.S. ten-year bond yield rose 3.8%mtd to 4.16%. China’s international trade in November improved. Export grew 5.9%yoy (higher than 4% expected), driven by export to Europe (+15%) and Africa (+28%), offsetting a drop in export to the US. China’s trade surplus in 11M25 was over US$1.1tr. China’s 2025 GDP growth is projected to reach the 5% target despite a decline in consumption and investment.