Japan’s Nikkei Slides Over 2% as Alphabet Selloff Sparks AI Spending Concerns 
Trump Threatens Iran With 'Major Military Punishment' as Red Sea Attacks Push Oil Above $100 
Canada Vows Trade Fight as Trump Imposes 50% Tariffs 
Japan Manufacturing Growth Holds Strong in July Despite Middle East Uncertainty 
Wall Street Ends Mixed as Fed Decision, Earnings and Tariffs Keep Investors on Edge 
South Korea Q2 GDP Beats Forecasts as AI Chip Exports Drive Growth 
Nasdaq Drops as AI Earnings, Oil Surge and Middle East Tensions Weigh on Wall Street 
Gold Price Holds Above $4,130 as Fed Rate Outlook and Middle East Tensions Support Safe-Haven Demand 
US Dollar Pauses Rally as Middle East Tensions Support Safe-Haven Demand 
Trump Says No Decision on Major Iran Strikes as U.S.-Tehran Talks Intensify 
Japan CPI Rises in June, but Core Inflation Stays Below BOJ’s 2% Target 
Australia Jobs Surge in June Strengthens Case for More RBA Rate Hikes 
Gold Price Climbs Above $4,130 as Middle East Tensions Boost Safe-Haven Demand 
US Dollar Posts Best Weekly Gain in Over a Month as Middle East Tensions Boost Safe-Haven Demand 
Oil Prices Head for Weekly Surge as Red Sea Attacks and Kazakhstan Supply Cuts Raise Disruption Fears 
Oil Prices Rise as Houthi Attacks on Saudi Tankers Heighten Middle East Supply Fears 
Oil Prices Pull Back After Two-Week Rally as Middle East Supply Risks Persist 
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.
