Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
The U.S. Treasuries surged during Monday’s afternoon session ahead of a host of speeches by members of the Federal Open Market Committee (FOMC) – Williams, Bullard and Daly scheduled to be delivered today by 13:50GMT, 17:00GMT and 18:30GMT respectively.
The yield on the benchmark 10-year Treasury yield slumped 6-1/2 basis points to 1.689 percent, the super-long 30-year bond yield plunged 7 percent to 2.127 percent and the yield on the short-term 2-year traded nearly 5 basis points down at 1.665 percent by 11:55GMT.
After US stocks moved broadly sideways yesterday (the S&P500 closed unchanged on the day), a number of Asian-Pacific markets also trod water today. Japan’s main indices were a case in point, with the Topix closing unchanged on the day as August inflation data predictably showed little signs of life, Daiwa Capital Markets reported.
Final Q2 GDP numbers – also to be published on Thursday – are likely to confirm annualised growth of 2.0 percent q/q, while advance goods trade and inventories figures for August will be closely watched for economic momentum in Q3, the report added.
Meanwhile, the S&P 500 Futures remained tad 0.15 percent up at 3,012.38 by 12:00GMT.
