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India's short-term bonds may underperform as the Reserve Bank of India is expected to keep raising interest rates and liquidity tightens, pushing short yields higher and flattening the curve further.
Pope Leo XIV criticized Argentine President Javier Milei’s austerity policies during a visit to Buenos Aires, saying the economy should serve people and that growth must benefit everyone.
China’s producer price inflation rose to 5.7% in October, the highest in over four years, beating forecasts, while consumer price growth slowed, according to official data.
Gold and silver prices may face downward pressure as US-Iran tensions and crude oil moves stay in focus, while global economic data and Federal Reserve remarks shape inflation and rate expectations.
Bank of England chief economist Huw Pill said interest rates could stay unchanged or be cut if UK growth weakens, while markets expect at least two rate cuts soon.
Gold rose slightly on Monday as lower oil prices eased inflation worries, but gains stayed limited because markets expect the Federal Reserve to keep U.S. interest rates high.
Iran said the blasts on ships in the Strait of Hormuz may not be US attacks, while both sides reported continued strikes that are limiting vital energy exports.
The RBI clarified that there are no new cheque book rules starting in January, rejecting claims circulating online and saying existing banking procedures remain unchanged for customers.
Voters remain angry about high prices, and Democrats have limited time and tools to ease their stress. The economy was a major issue in the election, despite Trump’s focus elsewhere.