- Trump to decide whether to provide licences to allow Nvidia to export the H200 to China
- ANZ sees oil surplus capping Brent below $65 in early 2026, rising toward $70 later
- Japan’s 30-yr JGB sale draws highest demand since 2019 as bid-cover surges
- The headline about what BoJ Ueda said is missing the much bigger point (hint, rate hikes)
- JPMorgan upgrades China to overweight, sees 19% upside for MSCI China into 2026
- Bank of Japan Governor Ueda says current interest rates are still accommodative
- Japan’s Chief Cabinet Sec. says concerned over rapid, one-sided yen moves
- CNY and CNH traders, why today’s reference rate saw the biggest gap in nearly 3 years
- SGX rejects report of talks to buy Cboe Australia after AFR acquisition claim
- PBOC sets USD/ CNY reference rate for today at 7.0733 (vs. estimate at 7.0554)
- Australian October trade balance a surplus of 4385mn (expected 4219mn)
- Tesla UK sales drop 19% as Chinese EV rivals surge and market demand cools
- Oil traders note: Maduro confirms phone contact with Trump, hint of diplomatic thaw
- Yuan nears 7 as US–China thaw lifts sentiment, but PBOC slows pace of appreciation
- Chevron sets $18–19bn 2026 capex, prioritising US shale and Guyana offshore growth
- Wall Street cautions Trump, Hassett pick seen risking Fed credibility, raising long yields
- Morgan Stanley sees strong 2026 M&A and IPO wave, expects more bank consolidation
- JPMorgan: labour slump warrants near-term Fed cuts, but sticky inflation limits easing
- investingLive Americas FX news wrap 3 Dec: ADP employment report weaker than expectations
- Trump avoids questions about China and Nvidia
- US stocks close marginally higher
- Trump says Witkoff meeting with Putin ‘reasonably good’. Trump adds no substantive details
The yen weakened in early Tokyo trading, with USD/JPY pushing above 155.50 before easing after a strong long-end JGB auction. Japanese government bonds initially sold off across the 5-, 10-, 20- and 30-year sectors, but recovered much of the move after the 30-year sale delivered its highest bid-to-cover since 2019 and a markedly tighter tail, signalling resilient demand for duration. The 30-year yield fell to 3.385%, down 3.5 bps, helping steady broader sentiment after recent volatility.
Bank of Japan Governor Ueda told parliament that monetary conditions remain accommodative, even after recent adjustments, but stressed uncertainty about how far the BOJ can ultimately raise rates given the wide range of estimates for Japan’s neutral rate. His comments offered little guidance on the terminal level but reinforced that further tightening soon remains possible, but not yet assured.
The Australian dollar edged higher both before and after data showed household spending jumped by the most in nearly two years in October. The ABS said discounting drove a 1.7% rise in goods spending, while services increased 0.8%, supporting a firmer domestic demand backdrop.
In geopolitics and tech, the Financial Times reported that President Trump is preparing a high-level meeting to decide whether to allow Nvidia to export its H200 chip to China. Nvidia is likely to welcome the move. The FT added that the administration is not planning major new export controls, easing some industry concerns around US–China tech policy.
Asia-Pac
stocks:
- Japan
(Nikkei 225) % - Hong
Kong (Hang Seng) % - Shanghai
Composite % - Australia
(S&P/ASX 200) %
This article was written by Eamonn Sheridan at investinglive.com.