Oil Prices Rise as U.S.-Iran Tensions Grip Strait of Hormuz 
Morgan Stanley Sees Fed Holding Rates as U.S. Inflation Cools 
US Dollar Hovers Near Multi-Month Lows as Fed Rate Hike Bets Ease 
Wall Street Falls as Oil Prices Rise, Fed Minutes and Retail Earnings in Focus 
Citadel Warns High Treasury Yields Pose Broader Market Risks 
Asian Stocks Steady as Iran War Keeps Oil Prices and Inflation Risks Elevated 
Gold Prices Rise as Weak US Data and Hormuz Risks Boost Safe-Haven Demand 
European Stocks Edge Higher as Fed Rate Pause Bets Rise 
Canada Faces 50% U.S. Tariffs as Trade Tensions Threaten USMCA Talks 
Gold Prices Slide as Treasury Yields Surge, Fed Minutes in Focus 
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The Japan industrial production (IIP) growth remained unchanged in November, registering a consistent positive growth in last 5 months. The final IIP for November came at +1.5 percent m/m (flash was +1.5 percent m/m), from preliminary +1.5 percent in September.
Moreover, shipments climbed 1.0 percent m/m, slightly above the 0.9 percent growth reported earlier. Additionally, inventories fell 1.6 percent, from down -1.5 percent. On an annual basis, industrial production rose 4.6 percent in November, up from -1.4 percent in September.
On the other hand, data also showed that the capacity utilisation climbed 3.0 percent m/m in November, better than October's rise of 1.4 percent.
Meanwhile, the benchmark Nikkei 225 fell 1.07 percent to 18,890 and the USD/JPY dipped 0.35 percent to 113.80, while at 5:00 GMT, the FxWirePro's Hourly Yen Strength Index remained highly bullish at 105.85 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
