US bond and equity markets were CLOSED overnight.
In US economic data, the Federal Reserve's latest Beige Book Survey of general economic conditions was positive overall albeit noted some headwinds. Most of the Federal Reserve’s 12 districts saw modest to moderate growth from mid-October through late November. On the plus side, consumer spending held steady, tourism kept pace, and tariffs didn’t derail manufacturing. On the minus side, new home construction and existing home sales meanwhile tended to decline or hold steady, and lending volumes grew just modestly. Tariffs, meanwhile, have curbed the agricultural sector, as has excessive rainfall.Trade balance figures, durable goods and factory orders data for October are released tonight AEDT.
