China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
Australian Business Conditions Hold Steady as Easing Cost Pressures Face New Oil Price Risks 
European Stocks Slip as Middle East Tensions and Hormuz Threat Rattle Markets 
Gold Price Holds Near Record High as Cooling U.S. Inflation Offsets Fed Caution 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
Asian Currencies Weaken as Stronger Dollar Weighs, Yen Supported by GPIF Repatriation Hopes 
Gold Price Holds Near $4,000 as Middle East Tensions and Fed Rate Hike Bets Grow 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes 
China Trade Surplus Hits $125.6 Billion as June Exports, Imports Smash Forecasts 
Asia Stocks Slip as Iran-Hormuz Tensions Lift Oil Prices, Dollar and Bond Yields 
Japanese Yen Holds Steady as Intervention Hopes Grow Ahead of U.S. CPI Data 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
Australian government bonds slumped on Tuesday following upbeat building approvals data. Also, strong risk sentiments moved away investors from safe-haven buying.
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, rose 3 basis points to 2.650 percent, the yield on the long-term 30-year note jumped 2 basis points to 3.346 percent and the yield on short-term 2-year climbed 3 basis points to 2.019 percent by 03:50 GMT.
Australia approvals for the construction of new homes jumped by a surprise 11.7 percent in November, driven by a spike in apartment and townhouse building in Melbourne. The increase in high-density building in the Victorian capital meant overall approvals comfortably beat market expectations of a 1.0 percent decline.
In the United States, Treasuries held relatively steady to open the week during a relatively quiet session light on data of great significance. On the data front, markets saw considerable gains in consumer credit, (increasing +$28.0bln in November, bolstered by solid gains in both revolving and non-revolving activity).
With respect to Fed speakers, markets received commentary from a number of sources. Providing a dovish angle, Atlanta Fed President Bostic said that he remained supportive of the Fed continuing along its gradual path, though cautioned it should not necessarily come in the form of 3-4 rate hikes per year.
Markets now look ahead to a relatively quiet session on Tuesday, highlighted by NFIB small business optimism and JOLTs bob openings, followed later by a 3-year Note auction.
Meanwhile, the S&P/ASX 200 index traded 0.17 percent higher at 6,100.5 by 03:50 GMT, while at 03:00GMT, the FxWirePro's Hourly AUD Strength Index remained neutral at 41.37 (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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