ECB Keeps July Rate Options Open Amid Iran War Energy Price Risks 
US Dollar Heads for Weekly Loss as Iran Peace Deal Hopes Boost Risk Appetite 
European Stocks Rise Ahead of ECB Rate Decision as Investors Buy the Dip 
Kremlin Says New EU Sanctions Won’t Hurt Russian Banks 
IMF Advances Ukraine Loan Program, Clears $690M Disbursement 
Pakistan Economy Grows 3.7% in FY2026 Amid Strong Fiscal Performance 
South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated 
Japan Core Inflation Seen Steady in May Ahead of BOJ Rate Hike 
Trump Signals Opposition to USMCA Renewal as U.S. Reviews Trade Relations with Canada and Mexico 
Asian Stocks Surge as Middle East Peace Hopes Lift Markets; SpaceX IPO Shatters Records 
Dollar Stabilizes as Markets Weigh Middle East Ceasefire Prospects and Central Bank Policy Outlook 
Asian Stocks Slide as Tech Selloff Deepens and US-Iran Conflict Escalates 
Gold Prices Slide Toward Second Weekly Loss as Fed Rate Hike Expectations Weigh on Market 
Trump Says Iran Peace Deal Near as Markets Rally and Oil Prices Fall 
Russia Stocks End at Six-Month Low as MOEX Index Stalls, Gold Surges and Oil Retreats 
Goldman Sachs: US Dollar Likely to Stay Strong Despite Oil Price Retreat 
Oil Prices Fall as U.S.-Iran Peace Deal Hopes Ease Supply Concerns 
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.
