East Germany Narrows Economic Gap With West but Wealth Divide Persists 
Asian Stocks Rise as Oil Falls, BOJ Rate Decision in Focus 
Bessent Presses Japan on Fiscal Policy as Yen Struggles 
Asian Chip Stocks Rally as Treasury Yields Ease 
Trump Hopes Iran War Nears End as Yemen Fighting Escalates 
Asian Currencies Mixed as Dollar Hits Seven-Week High After Fed Hike 
UK Inflation Rises to 3.1% Ahead of BoE Rate Decision 
US Stock Futures Dip After Wall Street Rally 
Gold Prices Rise as Oil and Treasury Yields Fall 
US Stock Futures Rally as Markets Digest Fed Rate Hike 
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Australian bonds gained during Asian session Thursday tracking similar movement in the United States counterpart as trade war fears continued to linger on ahead of the Reserve Bank of Australia’s (RBA) monetary policy meeting, scheduled to be held by early next week.
The yield on Australia’s benchmark 10-year Note, which moves inversely to its price, slipped nearly 1 basis point to 2.63 percent, the yield on the long-term 30-year Note plunged nearly 4 basis points to 3.09 percent and the yield on short-term 2-year traded nearly 2 basis points lower at 2.00 percent by 04:40 GMT.
Trade disputes continued to rattle investor sentiment around the world on Wednesday. President Donald Trump threatened a 20 percent tariff on all car imports from the EU last week, adding that if the EU chose not to remove its duties on American vehicles, then the U.S. would have no choice but to act on those levies.
Further, a senior official from the State Department told reporters that businesses that purchase Iranian crude oil must cut those exports entirely by the beginning of November — or face sanctions.
Meanwhile, the S&P/ASX 200 index traded 0.08 percent higher at 6,141.5 by 04:50 GMT, while at 03:00GMT, the FxWirePro's Hourly AUD Strength Index remained highly bearish at -118.11 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
