EconoTicker

India’s M3 money supply expanded 9.8%, slightly up from 9.6% previously. The pickup indicates steady liquidity growth in the financial system, supported by strong credit demand and continued economic momentum.

Market impact: Neutral for INR; moderate money supply growth aligns with stable monetary conditions.

South Korea’s Manufacturing BSI Index rose to 70, up from 68 previously, signaling a modest improvement in business sentiment among manufacturers. The gain suggests slightly firmer expectations for production and demand, even as the sector continues to face global trade headwinds.

Market impact: Mildly positive for KRW; improving sentiment supports the near-term outlook for manufacturing activity.

Argentina’s economy expanded 5.0% YoY in September, far above the expected 2.1% and accelerating from 2.4% previously. The strong upside surprise points to improving momentum across key sectors despite persistent inflation and policy uncertainty.

Market impact: Mildly positive for ARS; stronger-than-expected growth supports short-term sentiment toward the peso.

Argentina’s economy expanded 5.0% YoY in September, far above expectations of 2.1% and up from 2.4% previously. The strong upside surprise points to firmer momentum across key sectors despite persistent inflation pressures and political uncertainty.

Market impact: Mildly positive for ARS; stronger-than-expected growth supports short-term sentiment toward the peso.

Mexico posted a current account surplus of $2.325 billion in Q3, a sharp turnaround from the $1.791 billion deficit recorded in the previous quarter. The improvement lifted the current account balance to 0.50% of GDP, up from 0.00%, reflecting stronger trade performance and resilient external accounts.

Market impact: Mildly positive for MXN; a stronger external balance supports currency stability.

Mexico’s retail sales (YoY) rose 3.3% in September, improving from 2.4% previously and signaling firmer consumer demand. However, monthly retail sales were flat at 0.0%, down from the prior 0.6%, indicating a pause in short-term momentum despite the stronger annual trend.

Market impact: Neutral for MXN; solid yearly growth offsets the softer monthly reading, keeping consumer demand outlook balanced.

Brazil received $10.94 billion in foreign direct investment (FDI) in October, up from $10.67 billion previously. The steady inflow underscores continued investor interest in Brazil’s domestic markets despite global uncertainty, supporting medium-term capital formation and economic stability.

Market impact: Mildly positive for BRL; consistent FDI inflows help strengthen Brazil’s external position.

South Africa’s Leading Indicators index eased to 114.20 in September, down from 115.49 previously. The decline signals softer forward-looking economic momentum as persistent structural constraints and weak domestic demand continue to weigh on the outlook.

Market impact: Mildly negative for ZAR; weakening leading indicators point to subdued near-term growth expectations.

South Korea’s Consumer Confidence Index rose to 112.4 in November, up from 109.8 previously. The sharp improvement signals strengthening household sentiment, supported by easing inflation concerns and stable labor-market conditions.

Market impact: Mildly positive for KRW; improving confidence supports domestic demand and short-term economic stability.

Argentina’s economic activity grew 2.1% year-on-year in September, below expectations of 2.4% and easing from the previous month’s pace. The softer reading highlights cooling momentum across key sectors as inflation pressures and policy uncertainty continue to weigh on domestic demand.

Market impact: Mildly negative for ARS; weaker-than-expected activity reinforces concerns over Argentina’s fragile recovery outlook.

Brazil’s Federal Tax Revenue reached BRL 261.90 billion in September, up significantly from BRL 208.79 billion previously. The strong increase reflects improved collection efficiency, higher corporate and income tax inflows, and resilient economic activity during the month.

Market impact: Mildly positive for BRL; stronger revenue supports fiscal stability and reduces near-term budget pressures.

The Bank of Israel lowered its benchmark rate to 4.25%, delivering a 25-basis-point cut fully in line with expectations and down from 4.50% previously. The move signals a cautious shift toward easing as policymakers balance cooling inflation with continued geopolitical and economic pressures. The decision reflects the central bank’s effort to support financial stability and domestic demand while maintaining a careful policy stance.

Market impact: Mildly negative for ILS; a fully expected rate cut limits volatility but adds slight downward pressure on the shekel.