World economy

• Asia markets mostly rise after Wall Street gains on rate-cut hopes fueled by weak jobs data - The ADP report is the last jobs picture the Federal Reserve gets before it meets Dec. 9-10. Markets are now pricing in an 89% chance of a cut.
• CNBC's The China Connection newsletter: Three economic flashpoints for 2026 - China's top leaders are expected to discuss economic plans for the year ahead during an annual meeting next week.
• European stocks set for positive open as global markets push higher - European stocks are expected to open in positive territory on Wednesday as global markets move higher.
• South Korea auto stocks rise after U.S. Commerce Secretary confirms tariffs lowered to 15% - Overnight, bitcoin plunged around 6% to trade below $86,000, marking its worst day since March and pressuring the broader stock market down.
• India's industrial output grew just 0.4% in October, missing estimates - India's industrial output suffered due to weak manufacturing output and mining activity, low electricity consumption.
• European markets start December in negative territory, as defense sells off - European stocks started the last trading month of the year in negative territory.
• Asia-Pacific markets set to open higher ahead of private survey of China’s manufacturing activity - Traders are increasingly expecting a rate cut in the upcoming U.S. Fed meeting on Dec. 10.