November saw a significant increase in foreign capital outflows from China's debt market, with foreign investors offloading a record high 19.9 billion yuan ($2.9 billion) worth of Chinese government bonds and 7.45 billion yuan ($1.08 billion) of interbank loans. Analysts attribute this to the continued strength of the US dollar and the widening interest rate gap between the US and China.
Meanwhile, global economic conditions remain uncertain. US industrial production unexpectedly contracted, with manufacturing capacity utilization rates hitting a three-year low, and the S&P 500 index suggests that future returns may be limited. In Europe, German business sentiment continues to deteriorate, with economic growth facing long-term challenges. India's trade deficit has soared to a record high due to a surge in gold imports, and Nigeria's inflation rate has reached a 28-year high.
These economic developments highlight the imbalance in the global economy and financial markets, and investors are advised to remain vigilant.