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United States
ADP private payrolls increased by 86,000, exceeding consensus, with gains across businesses of all sizes.
United Kingdom
Almost one million 16- to 24-year-olds are not in education, employment, or training.
Euro Area
Recent US economic data have generally surprised to the upside, while euro area releases have disappointed.
Asia-Pacific
The data center construction pipeline has surged to A$141 billion, up roughly one-third from a year earlier, adding to capacity pressures as the broader investment boom now exceeds the peak of the mining boom.
China
Global systemically important banks have raised 134 billion yuan ($20 billion) in dim sum bonds this year, nearly triple 2025’s total, as Wall Street taps China’s vast savings pool and helps Beijing build the yuan into a funding currency.
Equities
Alpine Macro’s Global Tactical Asset Allocation with Artificial Intelligence (GTAAI) model reduced its risk appetite in November, cutting its equity exposure and increasing its bond exposure.
Alternatives
US buyout funds have increasingly lagged public equities over the past decade, challenging the historical private equity return premium.
Global Developments
Monetary policy tightening has broadened globally, with more than 40% of central banks in the sample raising rates over the past three months.
Food for Thought
This visualization shows the orientation of metro lines in cities around the world.
