White House Confirms Trump’s New Tariffs to Reshape Global Trade 
Indian Rupee Eyes US Tariff Move as Bond Yields Slide Ahead of RBI Policy 
Taiwan Prepares for U.S. Tariffs as Lai Urges Swift Contingency Measures 
Asian Stocks Slide as Trump Tariff Fears Grow Despite China PMI Boost 
Europe Emerges as Strategic Investment Hub Amid Defence and Infrastructure Boom 
Oil Prices Dip as China Discovers Major South China Sea Oilfield 
EU Ready to Hit Back if U.S. Imposes New Trade Tariffs, Says von der Leyen 
Gold Hits Record High Amid Tariff Tensions and Inflation Fears 
Asian Stocks Rebound as Markets Brace for U.S. Tariffs and RBA Holds Rates 
S&P 500 Rises as Tech Surges Ahead of Trump’s Tariff Announcement 
Gold Prices Climb on Safe-Haven Demand Amid U.S. Tariff Fears 
Gold Prices Hit Record $3,106 Amid Tariff Fears and Geopolitical Tensions 
Fed’s Goolsbee Warns Trump Tariffs Could Fuel Inflation, Hurt Growth 
U.S. Stock Futures Drop on Tariff Fears and Inflation Concerns 
US dollar gained momentum after better than expected US ISM manufacturing PMI . It hits a high of 106.73 and is currently trading around 106.52.
Manufacturing Insights: Signs of Improvement Amid Contraction
The US ISM Manufacturing PMI for November 2024 rose to 48.4, up from 46.5 in October, showing slight improvement but still indicating contraction for the eighth month. The New Orders Index increased to 50.4, suggesting weak growth, while the Employment Index improved to 48.1. Price pressures eased, with the Prices Paid Index dropping to 50.3. Overall, the US Dollar strengthened following these mixed but hopeful manufacturing reports.
Political Crisis in France: Euro Faces Headwinds
Euro lost its shine amid France's political crisis. It is facing a serious political crisis with Prime Minister Michel Barnier's minority government at risk of collapsing due to a no-confidence vote.
His proposed €60 billion budget to reduce the deficit is encountering strong opposition from both right and left-wing parties. To bypass this, Barnier used a controversial method to pass a social security budget, prompting more opposition challenges. The political turmoil has raised concerns about France's financial stability, affecting its bond yields and raising questions about future governance.
