In another surprising upgrade of US economic activity, third quarter GDP was revised to 3.50% growth on an annualized basis versus the 3.20% reported a month earlier. The main contributors of these gains were rising exports of soybeans and better consumer spending alongside stronger business investment and government expenditures. Adding to the positive sentiment was existing home sales which rose to 5.61 million homes sold on an annualized basis, the best print in 10-years. Japan released critical figures relating to trade along with the latest decision on monetary policy. Exports narrowed by the slowest pace in months, contracting by only -0.40% on an annualized basis through the end of November while imports also improved, falling only -8.80%. The Bank of Japan opted to leave monetary policy on hold, reiterating its intentions to target yields on 10-year bonds. Meanwhile, the Riksbank in Sweden decided to expand its own accommodation, adding SEK 60 billion in quantitative easing through the first half of 2017. In China, upside momentum in housing prices has accelerated to 12.60% year over year despite government measures designed to curb speculation. As citizens look to hedge against the falling Yuan, Bitcoin has also surged higher alongside housing, nearly doubling from 2016 lows.