Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Canada Signals Delay in US Tariff Deal as Talks Shift to USMCA Review 
Yen Near Lows as Markets Await Bank of Japan Rate Decision, Euro Slips After ECB Signals Caution 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty 
Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
The New Zealand bonds ended the session higher Monday after investors poured into safe-haven assets, following acting Prime Minister Bill English’s comments that it could take until the end of the week to confirm the country’s next government following an inconclusive election last month.
At the time of closing, the yield on the benchmark 10-year Treasury note, which moves inversely to its price, fell 1 basis point to 2.94 percent, the yield on 7-year note also slipped 1 basis point to 2.94 percent and the yield on short-term 2-year too ended a basis point lower at 2.06 percent.
The country has been in political limbo since Sept. 23 when neither the National Party, which has led the government since 2008 nor the Labour Party, won enough seats to form a government. That left the nationalist New Zealand First Party in a position to determine the next government and leader Winston Peters spent five days last week holding negotiations with both major parties.
The political uncertainty has knocked 2.2 percent off the New Zealand dollar since the vote last month and recent surveys have shown it is weighing on business sentiment and economic activity. Growth in New Zealand’s services sector slipped in September as the inconclusive election hit sales activity, a survey showed on Monday.
NZ First’s policies are more aligned with those of Labour - both favors curbing immigration and foreign ownership, renegotiating certain trade deals and changes to the central bank’s approach to monetary policy, Reuters reported.
Meanwhile, the NZX 50 index closed 0.02 percent higher at 8,090.73, while at 05:00GMT, the FxWirePro's Hourly NZD Strength Index remained slightly bullish at 86.80 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
