Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies 
Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks 
Gold Falls Below $4,000 as Strong Dollar and Fed Rate Hike Expectations Weigh on Prices 
Oil Prices Drop as Strait of Hormuz Shipping Recovers 
Australia Inflation Cools in May, But Core CPI Keeps RBA Rate Hike Risks Alive 
Bessent Says U.S. Must Strengthen Supply Chains and Economic Security 
New Zealand Fast-Tracks Gold Mining as Industry Revival Gains Momentum 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Yen Near 40-Year Low as USD/JPY Approaches Key 162 Level, Raising Intervention Concerns 
U.S.-Iran Diplomacy Helps Drive Gasoline Prices Down 15% From May Highs 
The Australian government bonds remained flat during Asian session of the last trading day of the week Friday amid otherwise muted hours that witnessed data of little economic significance.
However, market sentiments remained upbeat following the breakthrough Brexit deal, which will smoothen the roadmap to the final exit of Britain from the European Union.
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, hovered around 1.103 percent, the yield on the long-term 30-year bond also remained flat at 1.689 percent and the yield on short-term 2-year too traded steady at 0.770 percent by 05:45GMT.
Global risk sentiment improved after the breakthrough of Brexit deal and China’s confirmation on tentative trade truce brought the glass of risk sentiment half full, OCBC Treasury Research reported.
Further, a host of good earnings results from US companies bolstered market sentiment overnight as well, despite a weaker-than-expected industrial production data which came in at -0.4 percent m/m in September, showing signs of slump of automobile manufacturing due to GM strike, the report added.
Meanwhile, the S&P/ASX 200 index traded tad -0.63 percent down at 6,666.50 by 05:50GMT.
