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Life sciences stocks are seeing a resurgence — and that’s good news for Danaher.

• Some of the rise in trimmed mean inflation is temporary
• Looking very hard at recent inflation numbers
• If inflation proves more persistent, it would have implications for policy

Australian CPI numbers are going to be very closely followed in the months ahead.

This article was written by Adam Button at investinglive.com.

Comments from Trump after a call with Lula:

• Trade among things discussed
• Talked about organized crime, sanctions imposed on various Brazilian dignitaries, tariffs and various other items
• Discussed how to work together on organized crime, sanctions imposed on various Brazilian dignitaries and other items
• Look forward to seeing and speaking with Lula soon

These comments make it sound like the US and Brazil are getting along when it’s been a rough relationship made worse by Bolsonaro’s imprisonment.

This article was written by Adam Button at investinglive.com.

Trump Media operates the Truth Social app frequently used by President Donald Trump.

The deal is an aggressive move for Marvell to acquire complimentary technology to its semiconductor networking business.

United States API Weekly Crude Oil Stock declined to -2.48M in November 28 from previous -1.9M

United States Total Vehicle Sales up to 15.6M in November from previous 15.3M

• Australian Industry Index: -12.5 vs -11.9 prior (-0.6 change)

• Manufacturing PMI: -18.0 vs -21.6 prior (+3.6 change)

• Construction PMI : -18.7 vs -8.4 prior (-10.3 change)

While the S&P Global data showed expansion in the services sector, the Ai Group data paints a much darker picture of the industrial side of the economy. The headline index slid further into contraction, sitting at -12.5.

The headline story here is the collapse in construction. The sector’s index plunged 10.3 points to -18.7. Respondents cited “weak investment in smaller projects” and a shrinking tender pipeline as key drivers.

Manufacturing is technically “recovering,” rising 3.6 points, but at a reading of -18.0, it remains deeply in negative territory.

“Employment, new orders and input volumes all weakened as the demand outlook softened at the end of the year,” the report said.

The input price indicator jumped 6.3 points and that comes just as the RBA’s Bullock talks about a surprise in inflation to the upside.

The overall look is some kind of K-shaped economy with services on top and manufacturing on the bottom but both are fighting renewed inflation.

This article was written by Adam Button at investinglive.com.

United States CFTC Oil NC Net Positions climbed from previous 74.3K to 398K

Eurozone CFTC EUR NC Net Positions rose from previous €118.4K to €1118K