South Korean stocks slide, won dips as political crisis deepens
South Korean stocks and the won faced significant declines on Monday as the country grapples with a deepening political crisis that is dampening investor sentiment. The Kospi index fell sharply, extending its losses as political uncertainty grows, leaving investors wary of the potential economic fallout. The country’s currency also weakened, reflecting concerns over the stability […]
Asia stocks weighed by South Korea; busy week for central banks
Asian stock markets faced downward pressure on Monday, with South Korea’s economic challenges leading the regional declines. The South Korean index fell sharply, driven by weak consumer sentiment and concerns over global economic slowdown. Investors are also wary of the impact of ongoing geopolitical tensions on the country’s export-driven economy. As South Korea grapples with […]
Bond traders see inflation data key to timing next rate cut
Bond traders are closely monitoring the upcoming U.S. inflation report, recognizing its potential to influence the Federal Reserve’s decision on interest rates. The November Consumer Price Index (CPI) data, scheduled for release this Wednesday, is anticipated to provide critical insights into inflation trends. A significant uptick in the CPI could deter the Federal Reserve from […]
China’s Politburo to implement more moderately loose monetary policy
China’s Politburo, the country’s top leadership, held a meeting on Monday where several key economic policies were outlined. The leadership emphasized the need to implement a more proactive fiscal policy and a moderately loose monetary policy to support economic growth. One of the major focus areas is to expand domestic demand across all sectors, with […]
Australian polls show tight race for Albanese in 2025 election
Recent polling indicates that Australian Prime Minister Anthony Albanese is confronting significant challenges ahead of the 2025 federal election, with perceptions of his leadership strength under scrutiny. A Newspoll survey reveals that only 44% of voters view Albanese as a strong and decisive leader, the lowest rating for a prime minister since 2008. In contrast, […]
USD/INR rises as strong US dollar weighs on Indian rupee
The Indian Rupee (INR) is facing downward pressure in early Monday trading, weighed down by a combination of factors including a stronger US Dollar (USD), weak Chinese Yuan, and concerns over India’s slowing economic growth. Additionally, robust demand from importers and oil companies has further supported USD gains against the INR. However, market participants believe […]
Japanese yen weakens against US dollar amid BoJ policy doubts
The Japanese Yen (JPY) slipped to fresh daily lows against the US Dollar (USD) on Monday, struggling to sustain gains despite a revised upward GDP print for Japan’s third quarter. While Japan’s economy expanded by 1.2% YoY, surpassing earlier estimates of 0.9%, the growth remains a sharp slowdown from the 2.2% rise in the prior […]
USD/INR jumps as economic concerns and US Dollar demand weigh on Indian Rupee
The Indian Rupee (INR) weakened significantly on Monday, with the USD/INR exchange rate climbing as economic uncertainties and a surge in demand for the US Dollar weighed heavily on the local currency. The pair surged past key resistance levels, signaling growing concerns over India’s economic outlook and global market volatility. The Indian Rupee struggled as […]
New Zealand’s PM Luxon: committed to continuing efforts to lower inflation and interest rates
New Zealand Prime Minister Christopher Luxon has reiterated his commitment to tackling the country’s rising inflation and high interest rates, addressing concerns that the current economic challenges are undermining the cost of living for many citizens. In a statement on Monday, Luxon said that lowering inflation and reducing interest rates are top priorities for his […]
GBP/USD consolidates below mid-1.2700s; upside potential seems limited
The British pound remains under pressure against the US dollar, consolidating just below the mid-1.2700s, as market participants show caution amid mixed economic signals. While the pair briefly edged higher in early trading, it has struggled to maintain momentum, with upside potential seeming limited in the near term. The ongoing strength of the US dollar, […]