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Market strategist Matt Orton observes global risk-off sentiment impacting Japan, with potential for opportunities once stability returns. He favors gold as a portfolio balance and sees Bitcoin nearing capitulation. India remains a strong diversifier, while US rate hikes are likely paused, with cuts potentially resuming in 2025.
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News and Media
US labor market data presented conflicting signals, with rising unemployment alongside stronger-than-expected job additions. Experts noted a softening underlying trend, suggesting an economy that is slow to hire and fire. Markets reacted to the mixed data by pushing the dollar lower and increasing the probability of a December Fed rate cut.
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News and Media
Japan's global exports saw a 3.7 percent increase in October. However, exports to the United States experienced a decline for the seventh consecutive month. This trend is linked to potential impacts from US tariffs. Japan's trade deficit narrowed significantly in October compared to the previous year.
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News and Media
Afghanistan is actively seeking new trade partners following a severe border dispute with Pakistan. This move aims to reduce reliance on its top trading partner. The Taliban government is exploring routes through Iran and Central Asia. Trade with Iran and Turkmenistan has seen significant growth. Afghanistan is also sending produce to Russia for the first time.
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News and Media
New York City Mayor-elect Zohran Mamdani will meet President Donald Trump. Mamdani aims to discuss the city's affordability crisis. He sees the meeting as a chance to advocate for New Yorkers. Mamdani said he would emphasise the need for federal support, and that he was not concerned about political traps.
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News and Media