Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
The U.S. Treasuries remained nearly flat during Friday’s afternoon session amid a muted trading session that witnessed data of little economic significance ahead of the country’s host of 2-tier economic data, due for release through the day.
The yield on the benchmark 10-year Treasury yield hovered around 1.560 percent, the super-long 30-year bond yield remained flat at 2.027 percent and the yield on the short-term 2-year remained steady at 1.389 percent. by 12:35GMT.
In the US, today will bring personal income and spending data for December, which are expected to report moderate growth in both components. The associated core PCE deflator, the Fed’s preferred measure of inflation, is expected to be unchanged at 1.6 percent y/y, Daiwa Capital Markets reported.
In addition, the employment cost index for Q4 is due along with the final University of Michigan consumer confidence survey for January, the report added.
Meanwhile, the S&P 500 Futures remained tad -0.35 percent down at 3,278.38 by 12:40GMT.
