Real-time News

The yield on Japan's 30-year government bonds rose 3.0 basis points to 3.405%.

Fulian Holdings (00459.HK): Trading in the company's shares will be temporarily suspended from 1 p.m.

On December 3, Innoscience (02577.HK) announced that on December 2, the U.S. International Trade Commission (ITC) issued its ruling on the Section 337 investigation initiated by Infineon against Innoscience. In the two patents involved, the ITC ruled that Innoscience did not infringe on one patent, and that Innoscience's circumvention design (a design currently used in its products) did not infringe on the other patent. This ITC ruling further clarifies Innoscience's intellectual property status and will remove obstacles to its future global development. The company will continue to respect and protect intellectual property rights and is committed to providing global customers with superior silicon-based gallium nitride power solutions.

On December 3rd, William Blair analyst Alexandra Symeonidi stated that gold's upward momentum may face challenges as asset allocation shifts back to risk assets if market sentiment improves next year. She noted that while gold futures open interest is above the long-term average, it is well below this year's peak, potentially indicating a weakening of optimism in the gold market after the strong start to the year. In a report, the analyst pointed out that investors may increase their gold allocations given sticky inflation during a rate-cutting cycle. Symeonidi also believes that "central bank demand for gold is more structural, given the increasing US fiscal deficit and the low proportion of gold held in foreign exchange reserves by emerging market central banks."

The yield on Japan's 40-year government bond rose 3.0 basis points to 3.715%.

Fitch: The surge in AI spending will support the prospects of South Korean memory chip manufacturers.

Philippine central bank governor: Economic growth prospects are slowing, and the probability of an interest rate cut in December has increased further.

On December 3, Iranian Parliament Speaker Mohammad Ghalibaf stated at a press conference in Tehran on December 2 that Iran supports diplomatic contact and negotiations on an equal footing. However, in previous negotiations, the United States did not address the issues but instead imposed its own demands on Iran, forcing it to surrender. Ghalibaf pointed out that the United States demanded that Iran reduce its missile range, but Iran's self-defense was "non-negotiable" and it was impossible for Iran to accept this demand. He said that Europe, under direct orders from the United States, activated the "snapback" sanctions mechanism, failing to demonstrate its independent will. Due to its obedience to the United States, Europe no longer plays any role in the Iranian nuclear issue. Iran's suspension of cooperation with the International Atomic Energy Agency was the "most important and accurate" decision.

December 3 - Crude oil prices fell in early Asian trading after a volatile day, with ANZ research analysts stating in a commentary that geopolitical tensions disrupted the market. The analysts pointed out that, on the one hand, US envoy Witkov arrived in Moscow to meet with Russian President Putin to begin discussions on a potential peace agreement. On the other hand, tensions escalated again after Putin threatened retaliatory measures against ships aiding Ukraine.

According to futures news on December 3rd, as of the week ending November 29th, Japan's commercial crude oil inventories increased by 1,019,992 kiloliters from the previous week to 11,021,410 kiloliters. Japan's gasoline inventories decreased by 79,425 kiloliters from the previous week to 1,674,675 kiloliters. Japan's kerosene inventories decreased by 48,655 kiloliters from the previous week to 2,349,553 kiloliters. The average operating rate of Japanese refineries was 84.6%, compared to 86.5% the previous week.

On December 3rd, the overnight SHIBOR was 1.3010%, down 0.10 basis points; the 7-day SHIBOR was 1.4260%, down 0.80 basis points; and the 14-day SHIBOR was 1.4650%, unchanged from the previous trading day. The 1-month SHIBOR was 1.5200%, up 0.10 basis points; and the 3-month SHIBOR was 1.5800%, unchanged from the previous trading day.

Fitch: Local government debt in Australia and New Zealand is rising, but fiscal stability remains.

December 3 - Japanese government bond yields rose as market expectations for a near-term interest rate hike by the Bank of Japan persisted. The Bank of Japan's policy board is scheduled to meet on December 18-19 to make its final interest rate decision for the year. Investors will be focusing on economic indicators, including household spending data due on Friday, to gauge economic strength. The 2-year Japanese government bond yield rose 1 basis point to 1.015%, and the 10-year yield rose 2 basis points to 1.875%.

December 3rd - Brian Martin, G3 Economics Director at ANZ Bank, stated that the European Central Bank (ECB) is expected to cut interest rates by 50 basis points next year, eventually bringing the rate down to 1.50%. ANZ has lowered its 2026 growth forecast for the Eurozone from 1.5% to 1.3%, and predicts an average inflation rate of 1.7% next year. Martin indicated that the ECB will resume rate cuts in the first half of 2026, possibly first in March and second in June.

South Korean President Lee Jae-myung: Relations with Russia are important, but South Korea joined the sanctions against Russia after the conflict in Ukraine.

December 3 - ANZ Bank analysts at Sucden Financial wrote in a report that gold prices are likely to remain range-bound until the Federal Reserve provides clearer guidance on its monetary policy path. ANZ research analysts stated that safe-haven buying has slowed, and recent gains have triggered some profit-taking.