Trump on Venezuela: It’s going to be starting on land pretty soonTrump: Probably only one winner in AI, China or the USAJapan October industrial production +1.5% y/y vs +1.6% prelimCanada’s Carney inches closer to a majority as Conservative switches partiesMagnitude 6.7 earthquake leads to 1m tsunami in JapanGPT-5.2 is looking like another leap forward
Markets:
Gold down $15 to $4267US 10-year yields up 1.6 bps to 4.15%WTI crude up 44-cents to $58.04Nikkei up 0.7%GBP leads, JPY lags
Flows were light to wrap up the week in Asia but stocks were lively. The Nikkei gapped higher at the open and continued above 51,000 and a test of the monthly high. It failed though and there was some profit taking as the 1.7% gain was cut in half.
Gold also saw some selling after the big rally in US trade. It’s under some mild pressure while silver is flat after hitting a record earlier.
The FX market was struggling to find a reason to get going during a light day of news flow.
The most-meaningful headline was Trump talking about an escalation to ground attacks in Venezuela. That’s led to some moderate bids in crude but had little effect on the overall risk mood. It’s something to keep an eye on.
This article was written by Adam Button at investinglive.com.