MARKET OVERVIEW - Incentives and Front-Loaded Orders Support November Data

Forex - Economists Anna Zhou and Xiaoping Pi from BofA Securities stated that China's stimulus programs and front-loaded orders supported the November data. According to analysts, industrial production increased by 5.6% year-on-year in November, up from 5.3% in October. Meanwhile, analysts noted that manufacturing investments are expected to remain strong, while real estate investments will continue to contract. Analysts also added that fixed asset investments might have increased by 3.6% year-on-year in November.