Economics Summary: Chinese inflation down

Chinese inflation falls to 1.4 per cent in November

  • Figure is a 5 year low; compares to inflation of 1.6 per cent in October. 

Japanese consumer confidence falls in November

  • Consumer confidence at 37.7 last month, down from 38.9 in October. 

RBS to exit Japanese bond trading

  • Bloomberg reports the firm will cut Tokyo workforce by 200 to 30. 

UK trade deficit falls in October as oil imports drop

  • ONS says trade deficit was £2 billion in October versus £2.8 billion in September; imports fell £700 million in October.