Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
Asian Stocks Edge Higher as Tech Recovers, U.S. Economic Uncertainty Caps Gains 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Yen Near Lows as Markets Await Bank of Japan Rate Decision, Euro Slips After ECB Signals Caution 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
U.S. stock index futures edged lower Wednesday night as market sentiment remained fragile amid growing concerns over high government debt and uncertainty surrounding President Donald Trump’s proposed tax cut bill. Investors fear the bill could inflate spending and deepen the federal deficit.
S&P 500 Futures dipped to 5,859.75, Nasdaq 100 Futures slipped 0.1% to 21,142.75, and Dow Jones Futures fell 0.1% to 41,904.0 by 20:03 ET. This followed a sharp decline on Wall Street, driven by rising Treasury yields and economic anxiety.
The S&P 500 dropped 1.6% to 5,844.55, while the NASDAQ Composite fell 1.4% to 18,872.64. The Dow Jones Industrial Average tumbled 1.9% to 41,860. Markets were rattled after Moody’s downgraded the U.S. credit outlook, compounding fears triggered by soft demand in the Treasury’s $16 billion 20-year bond auction.
Trump’s tax cut bill, recently cleared by a House committee, is expected to face a vote soon. However, traders are worried that slashing federal revenues without offsetting measures could worsen the national debt burden. Trump has pointed to tariffs as a fiscal offset, but revenue from these measures remains limited.
Tech stocks underperformed ahead of key earnings from Nvidia (NASDAQ:NVDA) next week, with investors locking in profits. Broader economic concerns were further heightened by disappointing retail signals. Target (NYSE:TGT) cut its annual guidance, citing slowing consumer demand. Lowe’s (NYSE:LOW) exceeded Q1 expectations but forecast flat annual profits, while Home Depot (NYSE:HD) warned of rising prices due to tariffs. Walmart (NYSE:WMT) also previously flagged inflationary risks.
With debt worries and trade policy concerns in focus, volatility is likely to persist across equity and bond markets, as investors await clarity on fiscal direction and earnings results.
