UK Starting Salaries See Strongest Growth in 18 Months as Hiring Sentiment Improves 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Asian Markets Surge as Japan Election, Fed Rate Cut Bets, and Tech Rally Lift Global Sentiment 
Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data 
Lee Seung-heon Signals Caution on Rate Hikes, Supports Higher Property Taxes to Cool Korea’s Housing Market 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
U.S. Stock Futures Rise as Markets Brace for Jobs and Inflation Data 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Australian government bonds remained flat during Asian trading session Wednesday amid a silent trading session that witnessed data of little economic significance as investors attempt to re-gain their lost positions owing to weaker risk appetite as the United States and China engaged themselves in a trade war tussle.
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, hovered around 1.644 percent, the yield on the long-term 30-year bond steadied at 2.289 percent while the yield on short-term 2-year slumped 4 basis points to 1.198 percent by 03:55GMT.
Global risk sentiments received a short reprieve as the US granted Huawei a 90-day relief period for certain US broadband companies using their equipment. Wall Street rose overnight, with the UST bond yields higher amid a bear-flattening bias on the back of slightly easing trade tensions while quickly digesting the OECD downgrade of 2019 global growth forecast from 3.3 percent to 3.2 percent, OCBC Daily Treasury Outlook reported.
Fed’s Bullard opined that the central bank may have “slightly overdone it” by hiking rates in December and “if anything we are a little restrictive”, but “I was pleased that the committee pivoted”, the report added.
Meanwhile, the S&P/ASX 200 index remained flat at 6,507.5 by 04:05GMT, while at 04:00GMT, the FxWirePro's Hourly AUD Strength Index remained neutral at -35.21 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
