Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Australia Progresses AUKUS Review as U.S. Affirms Strong Support 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Michael Dell Pledges $6.25 Billion to Boost Children’s Investment Accounts Under Trump Initiative 
Israel Receives Body of Deceased Hostage as Rafah Crossing Reopening Hinges on Final Returns 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
UN General Assembly Demands Russia Return Ukrainian Children Amid Ongoing Conflict 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Downside risks to the South Korean growth exist, following impeachment of President Park Guen-hye by the National Assembly on Friday. The country’s lawmakers have voted to impeach President Park from her executive powers on Friday. Her duties will be suspended with immediate effect, with the Prime Minister taking over in the interim.
The Court will now decide if she will be permanently removed from her position. A ruling could take up to six months. If approved, fresh elections will have to be called within two months, which means by August at the latest.
Her temporary suspension prevents the ongoing political crisis from deepening further in the near-term. Nevertheless, the lack of a clear leadership could complicate the ongoing government efforts to contain the fallout from production halts in its largest smartphone producer and restructuring in the shipping sectors.
"We see downside risks to our growth forecast of 2.9 percent for 2017," Commerzbank commented in its latest research report.
