US Dollar Hits Two-Month High as Fed Rate Hike Bets Rise 
Gold Prices Rise as Oil Slide Eases Fed Rate Hike Fears 
Dollar Hits Two-Month High as Fed Rate Hike Bets Rise 
Vietnam, US Trade Deal Could Be Signed Soon, To Lam Says 
South Korea, US Discuss Warship Building Cooperation 
Russian Envoy Dmitriev Heads to US for Ukraine Talks 
Asian Stocks Mixed Ahead of Trump-Xi Meeting 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
RBA Says ASX Still Falls Short on Governance and Risk Controls 
Gold Prices Slip as Strong Dollar and Hawkish Fed Pressure Bullion 
Oil Prices Extend Losses as U.S.-Iran Talks Ease Supply Fears 
China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts 
US Stock Futures Rise as Meta Muse Fuels AI Rally 
Gold Drops Over 1% as Dollar, Treasury Yields Surge on Fed Rate Hike Bets 
Oil Prices Surge as U.S.-Iran Diplomacy Hopes Fade 
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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.
