Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
China’s Small Bank Consolidation Struggles as Profits Fall and Risks Persist 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
South Korea Extends Bond Market Stabilization Measures Amid Rising Financial Risks 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
The Australian bonds witnessed a sharp decline Wednesday as investors involved in a massive global sell-off after the European Central Bank (ECB) President Mario Draghi remained slightly bullish in his commentary late Tuesday.
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, jumped 7 basis points to 2.44 percent, the yield on 15-year note surged nearly 8 basis points to 2.80 percent and the yield on short-term 2-year traded 2-1/2 basis points higher at 1.68 percent by 04:10 GMT.
Asian sovereign bond markets on Wednesday continued a global sell-off that had been triggered by hints from Mario Draghi that European Central Bank monetary policy could become less accommodative from next year.
The ECB president, speaking in Portugal at the central bank’s annual conference, said he was “confident” the Bank’s policies would restore inflationary pressures in the eurozone and that the economy would recover from its recent financial crises, FT reported.
Lastly, the US consumer remains in an upbeat mood with June confidence coming in above expectations at 118.9. The party seems to be happening now with the present situation index lifting to 146.3, while future expectations dipped to 100.6.
Meanwhile, the ASX 200 index jumped 0.73 percent to 5,682.50 by 04:30GMT, while at 04:00GMT, the FxWirePro's Hourly AUD Strength Index remained neutral at 23.48 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
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