Japan PMI Data Signals Manufacturing Stabilization as Services Continue to Drive Growth 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React 
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
Asian Stocks Edge Higher as Tech Recovers, U.S. Economic Uncertainty Caps Gains 
Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data 
Republicans Eye Economic Strength with Likely House Control
As Republicans edge closer to securing control of the House of Representatives, following gains in the Senate and White House, analysts predict significant impacts on U.S. economic policy and fiscal strength. This “clean sweep” is expected to reduce the need for Federal Reserve rate cuts, boosting economic confidence and growth.
GOP Victory to Boost Fiscal Policy
According to Alpine Macro strategists led by Harvinder Kalirai, Republican control could pave the way for easier fiscal policies, potentially extending the 2018 tax cuts. “A Republican clean sweep will likely lead to easier fiscal policy, minimizing the need for Fed rate cuts,” they noted.
Treasury Yields Reflect Growth Optimism
The bond market's reaction to the election has been notable, with Treasury yields climbing. While some view this as a loss of investor confidence, Alpine Macro sees it as a response to stronger growth expectations. Higher yields signal economic strength, attracting foreign capital and strengthening the U.S. dollar.
Implications for Bond Investors
With less intervention from the Fed, analysts expect the 10-year Treasury yield to stabilize near 4.5%, reflecting a steady economic outlook. This trend may temper investor interest in longer-term bonds as they seek shorter-duration options amid solid growth projections.
