Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Thailand Inflation Remains Negative for 10th Straight Month in January 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
The German bunds slid during European trading session Monday after the country’s employment data for the month of September cheered market investors, while the unemployment rate held steady at 5.0 percent, slightly above the record-low of 4.9 percent reached earlier this year.
The German 10-year bond yield, which move inversely to its price, surged nearly 1-1/2 basis points to -0.563 percent, the yield on 30-year note jumped 3-1/2 basis points to -0.085 percent while the yield on short-term 2-year traded nearly flat at -0.762 percent by 10:15GMT.
According to data released by the Federal Labour Office, the number of people out of work fell by 10,000 to 2.276 million in seasonally adjusted terms, compared with the Reuters consensus forecast for a rise of 5,000. The office further revised down the joblessness figures for August to a rise of 2,000 from a previously reported increase of 4,000.
Labour Office head Detlef Scheele said the economic downturn was partly reflected in the joblessness data. “But all in all, the labour market is still in a robust shape”, Reuters reported.
In politics, this evening will bring a key meeting of Italy’s new Cabinet to discuss its draft budget for 2020. The Cabinet will seek to be compliant with EU rules while avoiding the automatic increase in VAT that is built into current legislation, Daiwa Capital Markets reported.
Perhaps unsurprisingly, new Finance Minister Gualtieri suggested on the weekend that the authorities will target a slightly higher deficit than the 2.1 percent of GDP currently agreed with the European Commission, the report added.
"Given Italy’s protracted economic weakness, and the more constructive approach of the new Government compared to its predecessor with respect to the country’s membership of the single currency, we would expect the EU to be relatively forgiving of the looser fiscal stance," Daiwa further commented in the report.
Meanwhile, the German DAX traded flat at 12,389.06 by 10:20GMT.
