U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut 
Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
U.S. Stocks End Week Higher as Markets Anticipate Fed Rate Cut 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
The Canadian dollar and Mexican peso remain under pressure as U.S. President Donald Trump confirmed that 25% tariffs on imports from Canada and Mexico will take effect. The loonie stood at $1.4496, nearing a one-month low, while the peso dipped 0.2% to 20.7390 per dollar, its weakest since early February.
Trump justified the tariffs by citing fentanyl flows into the U.S., dismissing the possibility of a last-minute trade deal. The new tariffs, affecting over $900 billion in annual imports, could disrupt the North American economy, with corporate leaders and economists warning of inflationary effects. Analysts expect further trade restrictions on Europe and beyond, compounding global economic risks.
RBC’s Andrzej Skiba predicts the tariffs will limit the Federal Reserve’s ability to cut interest rates, increasing volatility in fixed-income assets. The U.S. dollar index remained at 106.49 after a recent drop, with concerns rising over weakening consumer spending and potential economic slowdowns.
Meanwhile, the euro held firm at $1.0482 following a sharp rebound, as traders watch for developments in Ukraine and the European Central Bank’s policy decision. The ECB is expected to implement another 25 basis point rate cut amid persistent inflation concerns.
Sterling hovered at $1.26995, while the yen strengthened to 148.75 per dollar. Trump also criticized Japan and China for currency devaluation, adding uncertainty to global markets. The Australian dollar slipped 0.19% to $0.6213, and the New Zealand dollar fell 0.12% to $0.5610.
As markets brace for further trade tensions, investors remain cautious about the broader economic implications of Trump's aggressive tariff policies.
