Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Trump Meets Mexico and Canada Leaders After 2026 World Cup Draw Amid USMCA Tensions 
Australian government bonds surged during Asian session of the second trading day of the week Tuesday, tracking a similar movement in the United States Treasuries as investors shifted their interests towards safe-haven assets amid ongoing global economic and political worries.
Investors will now eye the country’s labour market report, scheduled to be released on August 15 by 01:30GMT.
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, slumped nearly 3 basis points to 0.943 percent, the yield on the long-term 30-year bond plunged 5 basis points to 1.579 percent and the yield on short-term 2-year traded flat at 0.736 percent by 04:50GMT.
Risk off sentiments continued to prevail yesterday amid concerns over the prolonged US-China trade war, political concerns in Argentina after President Macri’s rout in weekend primary elections, and the disruption to Hong Kong airport’s flight services, OCBC Treasury Research reported.
Further, Australia’s ANZ-Roy Morgan consumer confidence fell marginally by 0.3 percent last week, consolidating at an above average level.
Meanwhile, the S&P/ASX 200 index remained flat at 6,496.50 by 04:55GMT.
