2023.11.16 Today’s Focus

1. Japan’s Q3 GDP shrank at an annualized quarterly rate of 2.1%.

2. International Atomic Energy Agency: Iran’s highly enriched uranium stockpile increased by 5%.

3. Musk’s starship will test fly again tomorrow night, and the plan has received regulatory approval.

4. The U.S. retail sales data in October was stronger than expected, recording -0.1% month-on-month; PPI was weaker than expected, recording -0.5% month-on-month.

5. Fed Daley warned against announcing the end of the interest rate hike cycle prematurely because it is uncertain whether enough measures have been taken to bring inflation back to target levels.

6. Palestinian-Israeli conflict - informed officials: Qatar is seeking to negotiate with both sides to release about 50 civilian hostages in exchange for a three-day ceasefire. Turkish President Erdogan: Israel is a terrorist state.