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 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand 
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
The U.S. Treasuries remained resilient on Monday as investors wait to watch the summit between President Donald Trump and his Russian counterpart Vladimir Putin, scheduled to be held later today. Also, the country’s retail sales data for the month of June, due to be released today by 12:30GMT, will be eyed upon for extra insights into the debt market.
The yield on the benchmark 10-year Treasuries remained tad higher at 2.83 percent, the super-long 30-year bond yields hovered around 2.93 percent and the yield on the short-term 2-year traded 1/2 basis point higher at 2.58 percent by 11:15GMT.
The main event in the US this week will arguably be Fed Chairman Jerome Powell’s semi-annual testimony to Congress, the first leg of which takes place before the Senate Banking Committee tomorrow. The second leg before the House Financial Services Committee will follow on Wednesday, when the Fed’s Beige Book will also be released. The Q2 corporate reporting season will also begin to heat up with 7 DJI and 59 S&P500 companies scheduled to state their earnings.
Turning to the US economic data, the advance retail sales report for June and the New York’s Fed’s manufacturing survey for July are due later today. Tomorrow we will receive the IP report for June and the NAHB housing index for July.
On Wednesday attention turns to the housing market with the housing starts and permits report for June. The Philadelphia Fed’s manufacturing survey for July and the Conference Board’s leading index for June are released on Thursday. In the bond market the US Treasury will auction 10-year TIPS on Thursday.
Meanwhile, the S&P 500 Futures slipped 0.06 percent to 2,801.50 by 11:25GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained slightly bullish at -90.30 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
