Dollar Holds Firm as U.S.-Iran Talks Ease Tensions, GBP/USD Slips Amid UK Political Uncertainty 
US Stock Futures Recover as Iran Signals Progress in Peace Talks 
Asian Stocks Slide as AI Rally Pauses, South Korean Chipmakers Lead Regional Decline 
South Korea Stocks Tumble as AI-Fueled Rally Faces Profit-Taking Pressure 
France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Gold Price Rises as Investors Weigh U.S.-Iran Talks and Fed Policy Outlook 
Gold Prices Mixed as Stronger Dollar Offsets Safe-Haven Demand Amid U.S.-Iran Peace Talks 
Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns 
The U.S. Treasuries slumped during Friday’s afternoon session ahead of the country’s gross domestic product (GDP) for the third quarter of this year, scheduled to be released today by 13:30GMT. Also, investors are eyeing to wrap up their positions before the upcoming long Christmas and New Year holidays at least until the first week of January.
The yield on the benchmark 10-year Treasury yield jumped nearly 3 basis points to 1.936 percent, the super-long 30-year bond yield gained 2 basis points to 2.366 percent and the yield on the short-term 2-year traded nearly 2 basis points higher at 1.638 percent by 13:05GMT.
US Q3 GDP growth is also expected to be unrevised at 2.1 percent (annualised). Current evidence points to a similarly ‘decent’ outcome in Q4. A rise of 0.5 percent m/m is expected in this afternoon’s November personal spending figures, but the risks may be skewed to the downside after disappointing retail sales numbers last week, Lloyds Bank reported.
"We predict the PCE deflator (the Fed’s preferred inflation gauge) to move up to 1.6 percent y/y from 1.3 percent y/y, still below the Fed’s 2 percent inflation goal, but see the core measure remaining at 1.6 percent y/y," the report further commented.
Meanwhile, the S&P 500 Futures remained flat at 3,214.12 by 13:10GMT.
