News

Federation of Indian Automobile Dealers Association (FADA): The momentum of price cuts for various vehicle categories continues, and the increase that started in October continued in November. 74% of dealers expect growth in the next three months.

Federation of Indian Automobile Dealers Association (FADA): Overall retail sales increased by 2.14% year-on-year in November.

Nomura Securities: Maintains the Bank of India’s terminal repo rate forecast of 5%, but postpones the next interest rate cut to April next year.

Market news: U.S. President Trump plans to announce a $12 billion agricultural aid plan on Monday local time.

Goldman Sachs: U.S. temperatures in December were significantly below average, resulting in inventory expectations at the end of October remaining at relatively low levels, leaving the winter of 2026-2027 vulnerable to tight supply shocks.

Goldman Sachs: The continued growth of global LNG supply is likely to lead to congestion in gas storage facilities in Northwest Europe in 2028/2029, thereby depressing TTF and JKM prices, low enough to cut global LNG supply by closing the arbitrage space for US LNG exports.

Australian Treasurer Chalmers: A decision on Telstra is imminent.

Australian Treasurer Chalmers: Will attend the G7+ Critical Minerals meeting tonight.

Australian Treasurer Chalmers: There will be no fourth round of electricity subsidies.

Australian Treasurer Chalmers: The mid-year review will not be a mini-budget and will include cost-saving measures.

Australian Treasurer Chalmers: The government has decided not to extend electricity subsidies.

Australian Treasurer Chalmers: Electricity subsidies will not be extended.

Australian Treasurer Chalmers: The mid-term budget update will be released next week.

The 20-year Japanese government bond yield rose 2.5 basis points to 2.945%, a record high.

Hyundai Heavy Industries signed a memorandum of understanding with the Indian state government to build a new shipyard.

Trump will participate in a roundtable on Monday at 2 p.m. ET.

The Australian Mining and Energy Union has welcomed the Fair Work Commission's ruling that negotiations at Glencore's Uran underground mine have reached an impasse.

Chief Cabinet Secretary Minoru Kihara: Japan will independently determine the appropriate level of its defense spending.

Japan’s Chief Cabinet Secretary Minoru Kihara: The proportion of defense spending in GDP is not a key issue.

According to the Wall Street Journal: One option discussed by the policy group is to lift the ban on beef imports from Mexico, sources said.