Morning Bid: Ebbing oil sustains economic glow

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Key Points

Ebbing oil prices are cheerleading this week's renewed optimism on U.S. disinflation - with retail soundings still perky into the Thanksgiving period and as the data diary shifts to housing and industry...

This week's stock and bond surge on news of a fresh decline in headline and 'core' U.S. consumer price inflation last month was underscored on Wednesday by data showing the biggest decline in producer prices in three and a half years...

Elsewhere, Japanese exports grew for a second straight month in October but at a sharply slower pace due to slumping China-bound shipments of chips and steel.. Key developments that should provide more direction to U.S. markets later on Thursday:..

* U.S. weekly jobless claims, Oct industrial production, NAHB Nov housing market index, Philadelphia Fed Nov business survey, Kansas City Fed Nov business survey, Oct import/export prices and TIC data on foreign holdings of Treasuries..

Multiple line charts with data from the New York Federal Reserve show the number of new mortgages, new mortgage delinquencies and new foreclosures in the U.S. from Q1 2006 to Q3 2023.Retail sales and inflationArea chart with data from Insider Intelligence shows retail e-commerce sales in the U.S. from Thanksgiving to Cyber Monday in 2017 to 2023, with 2023 as forecast.Reuters.

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