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US Retail Sales Rise in October, Signaling Continued Consumer Strength

Americans increased their spending at retail stores in October, indicating sustained consumer demand and driving steady economic growth, reports The Associated Press. Retail sales rose 0.4% from September to October, according to the Commerce Department's Friday report. While this represents a moderation from September's robust

Colombia Bond Market Roiled by Petro's Budget Overhaul

Colombian President Gustavo Petro's recent budget overhaul is causing significant unease among global investors, leading to a selloff in the country's bond market, as reported by Bloomberg. The move, which shifts more revenue and spending to regional governments, has fueled concerns about Colombia's long-term

Asian Bonds Suffer Outflows Amid US Election Uncertainty

Foreign investors pulled funds from most Asian bond markets outside of China in October, driven by caution ahead of the US presidential election, reports Mint. The potential for a Donald Trump victory, which ultimately materialized, fueled concerns about increased inflation due to Trump's proposed tariffs and tax cuts.

US Companies Rush to Tap Post-Election Bond Market

Corporate borrowers are flooding the US bond market, capitalizing on exceptionally favorable conditions following Donald Trump's re-election victory, reports the Financial Times. This week alone, companies have raised over $50 billion, exceeding bankers' expectations and marking the busiest week since September. This surge in activity is attributed

US Stocks Poised for Strong 2025 Performance, BofA Survey Predicts

Following the recent election, a surge in bullish sentiment has pushed investors' US stock exposure to its highest level in 11 years. This bullishness is expected to continue, with a Bank of America fund manager survey predicting that US equities will be the top-performing asset in 2025, reports Markets

Templeton Joins JPMorgan, T. Rowe in Warning of Higher Treasury Yields

Investment firms are warning of a potential surge in US Treasury yields, with some analysts predicting the 10-year yield could reach 5% or higher, reports Bloomberg. This comes amid growing concerns about the expanding US government debt burden, fueled by a multi-trillion dollar deficit and exacerbated by the potential impact

JGB Yields Edge Up, Investors Await US & Japan Economic Signals

Japanese government bond (JGB) yields edged higher on Tuesday, tracking a rise in US Treasury yields during Asian trading hours, according to Reuters. Investors are awaiting fresh signals on the economic outlooks for both the United States and Japan. The 10-year JGB yield rose 0.5 basis point (bps) to

US Chip Export Controls Spark Volatility in Semiconductor Sector

The US has reportedly ordered Taiwan Semiconductor Manufacturing Co (TSMC) to halt shipments of advanced chips used in artificial intelligence (AI) applications to mainland Chinese customers. The restrictions, detailed in a Department of Commerce letter, apply to chips with designs of 7 nanometers or more advanced. This latest move follows

China's Record Trade Surplus May Fuel Tensions

China's trade surplus is on track to reach a record-breaking $1 trillion this year, a development that could exacerbate trade tensions with the US and other major economies, reports Bloomberg. The widening trade surplus, which reached $785 billion in the first ten months of 2024, represents a 16%

Saudi Crude Oil Supply to China to Fall in December on Weak Demand

Saudi Arabia's crude oil supply to China is set to decline to around 36.5 million barrels in December, marking the second consecutive monthly decrease and the lowest volume since July, according to trade sources cited by Reuters. The decline is attributed to weak demand from the world&