Hungarian Retail Sales YoY (Nov) Y/Y 2.5% vs. Exp. 2.7% (Prev. 3.1%)
Hungarian retail sales for November showed a year-on-year growth of 2.5%, falling short of the expected 2.7% and down from the previous 3.1%.
Japan megabanks are to jointly lend USD 1.5bln to the Saudi government
China's state-backed property developer Vanke is reportedly preparing debt restructuring amid potential default risk
Hungarian Retail Sales YoY (Nov) Y/Y 2.5% vs. Exp. 2.7% (Prev. 3.1%)
EU decision on Mercosur should come before 16:00GMT, Politico reports. Examination of the safeguard text will begin at around 10:00GMT.
ECB's Radev says the current level of rates is appropriate
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This miss may signal weakening consumer demand, which could have implications for economic growth projections and potential policy considerations in the region.
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