Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts 
Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement 
BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision 
The German bunds jumped during European session Tuesday ahead of the European Central Bank’s (ECB) President Mario Draghi’s speech, scheduled to be held on November 29 by 14:00GMT, followed by the country’s unemployment change for the month of November, scheduled to be released on the same day by 08:55GMT for further direction in the debt market.
The German 10-year bond yields, which move inversely to its price, plunged nearly 2-1/2 basis points to 0.340 percent, the yield on 30-year note slumped 2 basis points to 0.999 percent and the yield on short-term 2-year traded tad lower at -0.640 percent by 09:35GMT.
After last week’s downbeat flash PMIs and yesterday’s disappointing Ifo survey, the steady flow of negative sentiment indicators from the euro area continued this morning. In particular, the INSEE French consumer confidence survey saw a notable drop in its headline indicator, from 95 to 92, the lowest level since early 2015 and well below the long-run average.
Sentiment among German businesses weakened further this month. The Ifo Business Climate index, released yesterday, fell to 102.0 points in November from 102.9 points (seasonally adjusted) in October, marking its third consecutive decrease.
Companies scaled back their assessments of the current business situation albeit from a high level. Their business expectations also clouded over. Together with other indicators, these results point to 0.3 percent economic growth in the fourth quarter at most. The German economy is cooling down.
Meanwhile, the German DAX remained tad lower at 11,351.17 by 09:40GMT, while at 09:00GMT, the FxWirePro's Hourly Euro Strength Index remained neutral at -61.87 (higher than +75 represents bullish trend). For more details, visit http://www.fxwirepro.com/currencyindex
