U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions 
Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data 
Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers 
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Japan PMI Data Signals Manufacturing Stabilization as Services Continue to Drive Growth 
Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
Asian Markets Slide Amid Election Jitters, China Gains on Positive Data
As Asian markets opened Tuesday, investor caution grew ahead of the closely contested U.S. presidential election. Regional markets reflected a risk-averse sentiment, with concerns further heightened by the Federal Reserve’s anticipated rate decisions later in the week.
China’s Market Gains on Strong PMI and Stimulus Hopes
China’s markets bucked the regional trend, with the Shanghai Shenzhen CSI 300 and Shanghai Composite rising 0.8%, and Hong Kong’s Hang Seng index gaining 0.3%. Strong purchasing managers index (PMI) data revealed robust growth in China’s services sector for October, fostering optimism about Asia’s largest economy. This uptick follows recent monetary and fiscal measures from Beijing to boost economic recovery. China's National People’s Congress also commenced a key session expected to yield further fiscal support measures.
Australia and Japan Show Diverging Market Trends
Australia’s ASX 200 dropped 0.5% ahead of the Reserve Bank of Australia’s meeting, where interest rates are projected to remain unchanged. Analysts suggest the RBA may not cut rates until February 2025, with inflation and labor data still posing challenges.
Meanwhile, Japan’s Nikkei 225 and TOPIX indexes climbed 1.3% and 0.9% respectively, resuming trade after a long weekend.
Mixed Results Across South Korea and India
South Korea’s KOSPI fell 0.6% as October inflation missed targets, raising the possibility of interest rate cuts. In India, futures for the Nifty 50 index indicated a subdued start after a turbulent October due to foreign capital outflows and cooling economic optimism.
