Your Morning Fix

• A number of Fed policymakers speaking last Friday said they saw rates continuing to come down this month after data showed the US labor market remained strong but continued to cool in November.
• China’s central bank resumed buying gold for its reserves which rose to 72.96 million fine troy ounces at the end of November, up from 72.80 million troy ounces a month earlier.
• Unemployment rate in the Philippines increased to 3.9% in October from 3.7% in the preceding month after three consecutive typhoons affected the labor force’s participation in October.
• Philippine manufacturing output contracted 1.8% year-on-year in October, compared with a 5% decline in September and a 1.4% growth a year earlier.
• Philippine gross international reserves (GIR) slipped 2.4% to USD 108.5 billion at the end-November from USD 111.1 billion at the end-October, as the government settled some of its foreign currency-denominated debt.