Canada Q3 GDP +1.0% vs +1.0% expectedJPMorgan now sees the ECB cutting rates by 50 basis points in DecemberUS equity close: Big finish to a great monthDecember forex seasonals: What's hot, cold and gold in the month of DecemberMarkets:JPY leads, USD lagsUS 10-year yields down 6 bps to 4.18%S&P 500 up 0.6%Gold up $13 to 2653WTI crude oil down $0.57 to $68.00Markets were surprisingly lively for a de facto US holiday. Bids were strong in risk assets, which got help from a report saying US restrictions on chip exports may not be as strict. At the same time, softer eurozone inflation numbers might have fuelled a broader bid in bonds.The Canadian GDP report also underscored a picture of a slowing
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