Japan Manufacturing Growth Slows in May as Services Sector Stagnates Amid Rising Middle East Supply Costs 
Gold Prices Slip as Iran Conflict and Fed Rate Hike Fears Weigh on Market Sentiment 
China Delays Pentagon Official’s Beijing Visit Amid Taiwan Arms Deal Tensions 
Oil Prices Rebound as U.S.-Iran Talks Continue to Influence Global Crude Market 
Trump-China Summit Yields Limited Progress on Trade and Tech Cooperation 
World Bank Emergency Funding Demand Surges as 27 Countries Seek Crisis Support Amid Iran Conflict 
Spying, Southampton and economic pressure cooker of the ‘richest match in football’ 
Asian Stocks Rally as Nvidia Earnings Boost Tech Shares, Samsung Jumps on Wage Deal 
Rubio, Jaishankar Discuss Iran Crisis, Trade, and Energy Security During Key U.S.-India Talks 
US Economy Fueled by AI Investment Faces Rising Risks Ahead of Fed Meeting 
Fed Signals Possible Rate Hikes if Inflation Remains High in 2026 
Wall Street Rebounds as U.S.-Iran Peace Deal Hopes Lift Markets and Ease Oil Prices 
Oil Prices Climb as Trump Warns of Possible U.S. Strike on Iran 
Trump Signals Tough Stance on Iran Uranium Stockpile as Nuclear Talks Show Limited Progress 
ECB Signals Possible Rate Hike as Iran Conflict Fuels Inflation Concerns 
Dollar Eases as US-Iran Peace Deal Report Impacts Forex and Bond Markets 
Moody’s Downgrades Mexico Credit Rating Amid Rising Debt and Fiscal Pressure 
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.
