Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
Australian Household Spending Dips in December as RBA Tightens Policy 
Oil Prices Slip as U.S.-Iran Talks Ease Middle East Tensions 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence 
The Australian government bonds remained flat during Asian session Wednesday amid a muted trading day that witnessed data of little economic significance. However, U.S.-China trade tussle continues to draw headlines in the financial market ahead of Australia’s employment report for the month of October, scheduled to be released on November 14 by 00:30GMT.
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, remained steady at 1.276 percent, the yield on the long-term 30-year bond also flat at 1.881 percent and the yield on short-term 2-year hovered around 0.861 percent by 04:20GMT.
In a speech to the Economic Club of New York overnight, US President Donald Trump said “If we don’t make a deal, we’re going to substantially raise those tariffs”, even as he added that “a significant phase one deal could happen…soon”, OCBC Treasury Research reported.
On balance, in terms of helping the market decipher the probability of a trade deal with China, the speech was short on substance, even though Trump’s threat to raise the tariffs in the case of no-deal has added to the binary nature of impact of the ongoing negotiations. Any deal looks likely to be involving a rollback of existing tariffs, the report added.
On the flip side, if he carries through with his latest threat, tariffs may be raised if the talks break down, OCBC further noted in the report.
Meanwhile, the S&P/ASX 200 index edged tad nearly 1 percent down at 6,704.50 by 04:30GMT.
