US Strikes Iran IRGC Targets as Conflict Escalates 
South Korea Inflation Rises to 3.1% in August 
India Services PMI Rises to 54.1 as Hiring Accelerates 
US Tech Giants’ AI Bond Boom Raises Euro Zone Borrowing Risks 
European Stocks Edge Higher as Bond Yields Ease 
Global Markets Brace for Fed Rate Hike as Oil Tops $91 
RBNZ Raises Interest Rate to 2.75%, Kiwi Dollar Slides 
Bank of England Sees Surge in Higher-Risk Collateral 
Japan Bond Yields Top 3% as Inflation, Fiscal Risks Rise 
Gold Prices Slide as Iran Conflict Fuels Fed Rate Hike Bets 
Asian Currencies Rise as Yen Surges on BOJ Rate Hike Bets 
Treasury Yields Set to Stay High as Debt Supply Pressures Bond Market 
Asian Stocks Tumble as Oil Surge Fuels Rate Hike Fears 
Oil Prices Slip as Trump Eases Iran Supply Fears 
FTSE 100 Falls as US-Iran Conflict Drives Oil Prices Higher 
Australia Trade Surplus Beats Forecasts in July as Exports Fall 
China Services PMI Beats Forecasts as Domestic Demand Improves 
Add as a preferred source on Google
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.
