Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty 
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Australian government bond yields plunged during Asian session of the last trading day of the week Friday tracking the United States 10-year counterpart which fell to its lowest since 2017, following deepening angst among the investors over a longer period of trade battle with China.
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, plunged 5 basis points to 1.535 percent, the yield on the long-term 30-year bond slumped 4 basis points to 2.194 percent and the yield on short-term 2-year plummeted 5-1/2 basis points to 1.108 percent by 02:45GMT.
Risk-off sentiments are likely to dominate today amid the pessimism surrounding the trade tensions and widespread manufacturing weakness. The US’ manufacturing PMI unexpectedly declined to its lowest on record for the past three years, hence joining its German PMI counterpart which came in weaker than expected, OCBC Treasury Research reported.
Overnight, the Dow dumped 286 points (defying Trump’s “glitch” prediction) and the 10-year UST bond yield tested 2.32 percent (lowest since October 2017) and inverting the 3-month to 10-year yield curve again for the first time again since May 15, the report added.
"China is prepared to hunker down and support its private enterprises rather than yield to the financial pressures being applied by the US. As both sides will only negotiate on their own terms, it could be years before the two powers can find sufficient common ground. Nomura is pricing in a 65 percent probability of the US imposing tariffs on all Chinese goods before year end," ANZ Research commented in its latest Australian Morning Focus.
Meanwhile, the S&P/ASX 200 index slipped 0.18 percent at 6,452.5 by 02:50GMT, while at 02:00GMT, the FxWirePro's Hourly AUD Strength Index remained highly bullish at 104.38 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
