Follow the latest updates from the Israel-Hamas war https://t.co/3ODXWQpaL5

— Bloomberg Economics (@economics) November 8, 2023

Scoop: Biden Tells Bibi 3-Day Fighting Pause Could Help Secure Release Of Some Hostages – @Axioshttps://t.co/GIjXf49jm5

— LiveSquawk (@LiveSquawk) November 7, 2023

USS Florida, an attack submarine, enters the Persian Gulf region as the Pentagon seeks to deter attacks by Iran's allies https://t.co/KPKS9EwgeF

— Bloomberg (@business) November 6, 2023

https://twitter.com/C_Barraud/status/1722174380770246746

Bond Traders Are Betting For A Seventh Time On A Fed Shift To Rate Cuts – BBGhttps://t.co/vqfX3Zd6CE

— LiveSquawk (@LiveSquawk) November 7, 2023

US Sold $48 Bln In 3-Year Notes
– Avg Yield: 4.701% (prev 4.74%)
– Bid-Cover Ratio: 2.67 (prev 2.56)
– Direct Accepted: 19.1% (prev 21.9%)
– Indirect Accepted: 64.6% (prev 56.0%)
– WI: 4.702%

— LiveSquawk (@LiveSquawk) November 7, 2023

Wholesale Used Car Prices Decreased 2.3% in October; Down 4.0% Year-over-year https://t.co/Q3oxFiR6OI

— Bill McBride (@calculatedrisk) November 7, 2023

US Atlanta Fed GDPNow Q4: 2.1% (prev 1.2%)https://t.co/GIJHH2ZMsR pic.twitter.com/0NfMjigB94

— LiveSquawk (@LiveSquawk) November 7, 2023

Household credit stress continued to build in Q3, particularly for credit cards and auto loans, according to the latest NY Fed Household Debt and Credit report.

1⃣ Transition into serious delinquency (i.e. 90+ days) continued to rise for all loan types other than student loans &… pic.twitter.com/phHpvB1eXy

— Parker Ross (@Econ_Parker) November 7, 2023

'Student debt, credit cards, and auto loan payments are becoming a drag on consumer spending.' https://t.co/dtSUnZR7uv via @SoberLook pic.twitter.com/3zCAA7Zr95

— Jesse Felder (@jessefelder) November 6, 2023

https://twitter.com/C_Barraud/status/1722146895873667195

Federal Reserve Governor Christopher Waller said the US labor market is cooling this year without there being a big spike in unemployment.
https://t.co/nRhu876Ot9 via @economics

— Steve Matthews (@SteveMatthews12) November 7, 2023

Fed’s Barr Sees Stability Risk in Private Crypto Stablecoins
Of course, he does. Stable coins and crypto will destroy the #Fed's hold on the worldwide economy.https://t.co/pSFO3p8Gkm

— Harvey Rosenblum (@harveyrosenblum) November 8, 2023

Republican senators demand new immigration restrictions as a condition for approving assistance for Ukraine https://t.co/YjxRFrt4HO

— Bloomberg (@business) November 7, 2023

The US Treasury called for greater transparency in how Beijing conducts its exchange-rate policy and is monitoring China alongside five other major trading partners over its currency practices https://t.co/yCfldW84Om

— Bloomberg (@business) November 7, 2023

President Joe Biden has been briefed on what his advisers see as a Chinese plan to build a military facility in Oman https://t.co/348jIutXXv

— Bloomberg (@business) November 7, 2023

Good morning, Asia. This was our most read story while you were sleeping.

Yen sinks to near historic levels against euro and Asian currencies.https://t.co/QZg8LXy24B

— Nikkei Asia (@NikkeiAsia) November 8, 2023

🇨🇳 #China Is Having a Hard Time Wooing Foreign Investors Back – Bloomberghttps://t.co/iaCDGpg1t4 pic.twitter.com/2UbnolNocJ

— Christophe Barraud🛢🐳 (@C_Barraud) November 8, 2023

CPCA: Typically, November ranks as the third-highest sales month of the year, following December and January. However, in November 2022, it experienced a sales downturn and ranked 8th in terms of sales volume. This low base in November presents significant potential for high…

— CN Wire (@Sino_Market) November 8, 2023

https://twitter.com/C_Barraud/status/1722171162451480698

⚡CICC predicts that #China's nominal #GDP growth rate in 2024 is likely to be around 6.3%, significantly higher than the approximately 4.7% projected for 2023. And the actual GDP growth rate is expected to be around 5.0%.
CICC believes that fiscal policy will continue to be…

— CN Wire (@Sino_Market) November 8, 2023

Japan business mood improves, but global stress dims outlook – Reuters Tankan https://t.co/wrwT9kTvN9 pic.twitter.com/NXXZoKDRLf

— Reuters (@Reuters) November 8, 2023

New Zealand 2 Year Inflation Expectation Q4: 2.76% (prev 2.83%)
– 1 Year Inflation Expectation: 3.60% (prev 4.17%)
– Monetary Conditions Current: 91.89% (prev 90.00%)
– Monetary Conditions Next Qtr: 72.97% (prev 90.00%)
– Monetary Conditions 1 Year: 37.84% (prev 53.33%)

— LiveSquawk (@LiveSquawk) November 8, 2023

⚡Mainland developers are rallying further.#SUNAC +32%, #CountryGarden +15%, #Everrande +13.4%, #Longfor +9.2%.#China #Property #realestate https://t.co/bkMGjgNzsz pic.twitter.com/dVH1auZpNH

— CN Wire (@Sino_Market) November 8, 2023

#IMPORTANT
Reuters just reported that Beijing has asked Ping An Insurance to take a controlling stake in Country Garden.#CN_Note
Ping An Insurance has 5.31% common shares of Country Garden now, according to the latest data.#China #CountryGarden #Property #Realestate https://t.co/3HTgeeSZ1k

— CN Wire (@Sino_Market) November 8, 2023

⚡PBOC conducted 474 billion yuan of the 7-day RRP on Wednesday. A total 83 of billion yuan will be injected into the market on a net basis as 391 billion yuan comes due today.#China #liquidity https://t.co/8UsYATOYOa

— CN Wire (@Sino_Market) November 8, 2023

PBOC's governor Pan Gongsheng said in his remark on the Annual Conference of Financial Street Forum 2023.
The debt level of the Chinese government is relatively moderate and lower compared to the international average. Since the beginning of this year, the financial sector, in…

— CN Wire (@Sino_Market) November 8, 2023

BoJ’s Ueda Hints At Chance Of Policy Shift Before Real Wages Increase – BBGhttps://t.co/pMk8W852zn

— LiveSquawk (@LiveSquawk) November 8, 2023

Biden And Xi To Hold Summit On Nov 15, Says US Senior Official – Nikkeihttps://t.co/uFaosoynQl

— LiveSquawk (@LiveSquawk) November 8, 2023

China's delegation visits the Russian Defence Ministry in Moscow.
🇨🇳🇷🇺 #China

— CN Wire (@Sino_Market) November 8, 2023

https://twitter.com/Sino_Market/status/1722074498868887610

German companies with international operations are growing more downbeat about the economic outlook https://t.co/GSKTmbdFF9

— Bloomberg (@business) November 7, 2023

What do consumers in the euro area expect will happen to inflation, their incomes, their spending and the value of their homes 12 months from now? We’ve published the latest results of our Consumer Expectations Survey.
Press release https://t.co/KMcG7YkPtu pic.twitter.com/W1GGP9NMfA

— European Central Bank (@ecb) November 8, 2023

Italian Retail Sales (M/M) Sep: -0.3% (est 0.1%; prev -0.4%)
– Retail Sales (Y/Y) Sep: 1.3% (prev 2.4%)

— LiveSquawk (@LiveSquawk) November 8, 2023

Adobe Analytics Report: UK Online Sales To Grow 2.7% In Christmas Trading Season – MShttps://t.co/TPqoF7Ie86

— LiveSquawk (@LiveSquawk) November 8, 2023

🇩🇪 HCOB October #Germany #Construction PMI

➡ At 38.3 in October, down from 39.3 in September, the index recorded its lowest reading for three-and-a-half years.

➡ The downturn in total activity continued to be led by the housing sector, with German construction companies… pic.twitter.com/KefqqYD06j

— Christophe Barraud🛢🐳 (@C_Barraud) November 8, 2023

Swedish housing prices fell slightly last month, casting further doubt on whether they can extend the recent recovery https://t.co/cB65Hrxq3k

— Bloomberg (@business) November 8, 2023

🇪🇺 #ECB GOVERNING COUNCIL MEMBER KAZAKS SPEAKS ON LATVIAN TV – BBG
*ECB'S KAZAKS: WE'RE HOLDING RATES TO KEEP INFLATION FALLING
*ECB'S KAZAKS: WE CAN CUT RATES WHEN IT'S CLEAR INFLATION BEATEN

— Christophe Barraud🛢🐳 (@C_Barraud) November 8, 2023

The ECB must be on high alert to factors that could keep inflation more elevated than predicted, Governing Council member Joachim Nagel says, singling out the labor market as a source of concern https://t.co/qedn6ipYPs

— Bloomberg (@business) November 7, 2023

Inverted yield curves in the euro area and the US may be less valuable at predicting recessions than they’ve been in the past, according to a study by the European Central Bank https://t.co/qX63U6jZGV

— Bloomberg Asia (@BloombergAsia) November 8, 2023

IMF: ECB Must Keep Rates At Or Near 4% Through 2024 To Get Inflation Down – Yahoohttps://t.co/fONx3xhmry

— LiveSquawk (@LiveSquawk) November 8, 2023

EU To Edge Towards Deal On New Fiscal Rules; Big Differences Remain – US Newshttps://t.co/IGSWnDYBUo

— LiveSquawk (@LiveSquawk) November 7, 2023

NIESR Think Tank Urged UK Chancellor Hunt To Ramp Up Investment – Timeshttps://t.co/sYbclRMYN0

— LiveSquawk (@LiveSquawk) November 8, 2023

CHART OF THE DAY: European natural gas storage levels come within a whisker of tank-tops, rising >99.6%.

With the weather remaining mild and industrial demand in the doldrums, the start of the withdrawal season is delayed, putting downward pressure on European gas prices. pic.twitter.com/bRWHs6trAG

— Javier Blas (@JavierBlas) November 7, 2023

German authorities classified a regional chapter of the right-wing AfD in the eastern state of Saxony-Anhalt as an extremist group, according to public broadcaster ARD https://t.co/oqazvqWqoi

— Bloomberg (@business) November 7, 2023

https://twitter.com/C_Barraud/status/1721113595402981474

API Inventory Moves

Crude +11.9 million (worth the wait?)
Gasoline -400,000
Distillates -2.0 million

SPR – no change#oott #WTI #crudeOil #crudeoiltrading

— Julianne Geiger (@JuliOnTwtr) November 7, 2023