Daily Update — November 13, 2026
China’s Sustainable Aviation Plan; US Inflation; and AI’s Role in EU Investment
Today is Friday, November 13, 2026, and here’s your curated selection of Essential Intelligence on global markets from S&P Global. Subscribe to be notified of each new Daily Update.
Energy Expansion
China targets 2.4 million mt/year SAF capacity by 2030, IATA sees potential
China is targeting 2.4 million metric tons/year of sustainable aviation fuel (SAF) capacity by 2030, an increase of about 71%-100% from an earlier baseline of 1.2 million-1.4 million mt/y. Under a new development plan, the country is seeking to diversify its feedstocks and expand its airport supply infrastructure to meet production targets and encourage wider use of SAFs.
At the 2026 Aviation Energy Forum in Guangzhou, China, the International Air Transport Association highlighted the country’s potential to lead the global push for next-generation aviation fuels. However, it also stressed the need for broader production to diversify fuel sources and supply chains.
"More SAF produced in more places means greater energy security," IATA Director of Sustainable Fuels and Energy Transition Uyi Idahosa said at the forum Nov. 10.
Economy
US inflation worsens in October, boosting odds of larger Fed hike
US inflation worsened in October as consumer prices rose faster than anticipated, moving away from the US Federal Reserve's 2% target. Both the consumer price index — the market's preferred inflation metric — and core inflation, which excludes volatile energy and food prices, were about 10 basis points above expectations, according to US Bureau of Labor Statistics data.
The hotter-than-expected inflation report has boosted the odds of a larger interest rate hike by the Fed at its December meeting, as well as additional increases in early 2027.
"Inflation will stay hot in the near term but a relatively strong base effect from energy rolling off next year will pull inflation lower," said Nationwide Financial Market Economist Oren Klachkin. "That said, a quick return to 2% is unlikely as there's going to be sustained pressure in core."
Artificial Intelligence
AI Development and Its Role in Eurozone Capital Investment
AI-related investment is gaining ground in Europe as a driver of capital formation. Inflation-adjusted investment in intellectual property products, which grew 15% from early 2022 to the second quarter of 2026, along with increased imports of computing equipment and data center growth, signals an expanding economic contribution from AI-related capital spending.
The share of eurozone firms using AI more than doubled to over 21% in 2025 from under 9% in 2023. As AI development continues to mature, its role in European capital investment is expected to expand further. It will partially offset weakness in more interest-rate-sensitive areas, according to research by S&P Global Market Intelligence.
In case you missed it
- Most of the 48 US real estate investment trusts in an S&P Global Market Intelligence analysis showed stability in their Global Real Estate Sustainability Benchmark scores for 2026, while nine REITs scored higher year over year, suggesting a growing industry commitment to environmental, social and governance standards.
- Saudi Arabia's real GDP is projected to fall 1.3% by year-end 2026 and rebound by 8.0% in 2027 as oil export volumes recover, according to S&P Global Ratings.
- Natural gas supply shortfalls in Germany could reach up to 6.6 terawatt-hours in one month if the 2026-27 winter proves extremely cold, given lagging gas storage levels, according to industry group INES.
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