U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
RBNZ Cuts Interest Rates Again as Inflation Cools and Recovery Remains Fragile 
Indonesia Aims to Strengthen Rupiah as Central Bank Targets 16,400–16,500 Level 
Singapore Maintains Steady Monetary Outlook as Positive Output Gap Persists into 2025 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
BOJ Signals Possible December Rate Hike as Yen Weakness Raises Inflation Risks 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Japan’s Finance Minister Signals Alignment With BOJ as Rate Hike Speculation Grows 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
China's central bank governor, Pan Gongsheng, emphasized the importance of a stable yuan for global financial stability, reaffirming Beijing’s commitment to allowing market forces to determine the exchange rate. Speaking at the AlUla Conference for Emerging Market Economies in Saudi Arabia, Pan noted that despite the U.S. dollar’s strength and the depreciation of many other currencies, the yuan has remained stable amid market volatility.
Pan highlighted China’s shift towards boosting domestic consumption as a key economic priority for 2025. The government plans to implement pro-consumption measures, including raising household incomes and providing subsidies, to reduce reliance on investment and address potential export challenges. This shift aligns with China's broader strategy to stimulate domestic demand and sustain economic growth.
Additionally, Pan announced that China will adopt a proactive fiscal policy alongside an accommodative monetary policy, enhancing counter-cyclical adjustments to support the economy. These measures aim to maintain economic stability and foster growth, ensuring resilience in a challenging global financial landscape.
The yuan’s stability, coupled with China's focus on domestic consumption and supportive fiscal measures, underscores the nation’s strategic approach to navigating global economic uncertainties while sustaining internal economic momentum.
