Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
The United Kingdom’s gilts slumped during European trading hours Tuesday amid a muted trading session that witnessed data of little economic significance ahead of a host of 2-tier economic data due for release through this week.
The yield on the benchmark 10-year gilts, jumped 3-1/2 basis points to 0.806 percent, the 30-year yield gained 1-1/2 basis points to 1.257 percent and the yield on the short-term 2-year gained nearly 2 basis points to 0.613 percent by 10:00GMT.
In the bond markets, while some local headlines of Iranian sabre-rattling (suggestions of ‘thirteen retaliation scenarios’ and a ‘historic nightmare’ for the US) have given some support in the past half hour, USTs are still little changed from yesterday’s US close (10-year yields a little less than 1.80 percent), Daiwa Capital Markets reported.
European government bonds have also opened a touch weaker ahead of this morning’s flash euro area inflation data, which are bound to report a jump at the end of last year. After last week’s significant downside surprise in the equivalent manufacturing survey, however, today’s principal data focus will be the US non-manufacturing ISM report, which are expected to report a pickup in December, the report added.
Meanwhile, the FTSE 100 remained nearly flat at 7,581.05 by 10:05GMT.
