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Australia’s yield curve may flatten and its premium to US Treasuries narrow if the government signals a pullback in bond issuance next year, reflecting more restrained fiscal spending, according to strategists.
Source
Bloomberg Markets
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Monex Europe expects the rupee to hit 98 per dollar by year-end.
JPMorgan Chase & Co. raised its targets for South Korean stocks for the second time in less than a month, citing improvement in the semiconductor cycle, corporate governance reforms and industrial-sector growth.
Washington has sought to press Beijing to lean on Tehran to reopen the strait, though China's appetite to act as a pressure mechanism remains unclear.
Indian Prime Minister Modi appealed to citizens to cut fuel use and said measures from the Covid pandemic such as working from home and online meetings should be used. (Source: Bloomberg)
