- Russia, China discuss expanding oil exports as U.S. sanctions hit major producers
- Chinese President Xi says to enhance energy partnership with Russia
- Heavy oil pipeline for Canada, Alberta to coast of BC, looks set for approval
- Japan PM Takaichi says she spoke with Trump on a call
- Goldman Sachs sees gradual CNY appreciation, USD/CNY at 6.85 over 12 months
- PBOC sets USD/ CNY central rate at 7.0826 (vs. estimate at 7.1056)
- Takaichi, Trump to discuss Xi call as tensions rise over Taiwan, FNN reports
- BOK to hold at 2.50%, weak won, housing risks push rate cuts into early 2026: Reuters poll
- Goldman Sachs warns slowdown risk could trigger deeper Fed easing
- Deutsche Bank: Five forces drove Bitcoin’s worst week since February
- Morgan Stanley: Market correction nearly done, pullback is a buying opportunity into 2026
- "Google Further Encroaches on Nvidia’s Turf With New AI Chip Push"
- Australian weekly consumer confidence index remains in doldrums at 87.1
- Tesla sued for allegedly infringing robotics patents tied to Autopilot systems
- U.S. urges U.K. to ban Chinese firms from all critical infrastructure over security risks
- S&P: Canada set for modest growth, but inflation and weak investment remain hurdles
- Trump has told his advisers he’s planning to speak directly with Nicolas Maduro
- investingLive Americas FX news wrap 24 Nov: The USD closes the day mixed. Nasdaq soars.
- UK Treasury ask banks to make public, prominent endorsement of Budget (not making this up)
- Major US stock indices close with solid gains
It was a quiet session for major FX pairs, with narrow ranges dominating and virtually no meaningful data to drive direction. Only minor headlines emerged from Australia and South Korea on consumer sentiment, neither of which moved markets.
News flow was similarly subdued. Japan’s PM Takaichi and U.S. President Trump held a call after Trump’s conversation with China’s Xi, though Takaichi’s readout revealed little — a masterclass in saying something without saying anything. Russia and China also pledged closer energy cooperation, but details were scant.
Regional equities here traded mostly higher, taking their cue from Wall Street’s latest rally.
In corporate news, Alphabet jumped in post-market trade after reports that Meta is in talks to spend billions on Google’s TPU chips for future data-centre build-outs and potentially through Google Cloud rentals. The prospect of Meta shifting part of its compute stack toward TPUs hit Nvidia, whose AI GPUs dominate the market today. Meta is reportedly considering deploying TPUs in its data centres from 2027 and may rent capacity from Google Cloud as soon as next year. Google has also agreed to supply Anthropic with up to one million TPUs.
Commodities were mixed: gold edged higher while oil drifted slightly lower.
Asia-Pac stocks:
- Japan (Nikkei 225) +0.14%
- Hong Kong (Hang Seng) +1.2%
- Shanghai Composite +1.1%
- Australia (S&P/ASX 200) -0.1%
