Australian Beef Exports Hit Record High Despite Trump Tariffs

USTR's Jamieson Greer indicated that US trade with China may need to be reduced, reflecting ongoing concerns about the economic relationship between the two nations. This statement comes amid a backdrop of shifting strategies, with the US expected to transition from containment to a focus on technological rivalry with China by 2026.

Asian equities are expected to open weakly following a lackluster session on Wall Street, where tech stocks and bonds faced pressure, and Bitcoin's recovery stalled ahead of the Federal Reserve's upcoming decision on interest rates.

Brazil's soybean exports surged by 64% in November, driven by a shift in demand from China towards U.S. suppliers. This increase highlights Brazil's significant role in the global soybean market as it adapts to changing trade dynamics.

The Federal Trade Commission (FTC) is investigating whether TP-Link misled consumers in the United States regarding its separation from its Chinese operations. This inquiry follows concerns about the company's transparency and the implications of its business practices on consumer trust.

US weekly jobless claims have dropped to 191,000, marking the lowest level in over three years, reflecting a tightening labor market. This decline of 27,000 claims from the previous week indicates that employers are retaining workers despite recent layoffs.

US factory orders increased in September, but the rise was below expectations, indicating potential weaknesses in the manufacturing sector. This development raises concerns about the overall economic momentum as the manufacturing industry plays a crucial role in economic growth.

US initial jobless claims fell by 27,000 to 191,000 for the week ending November 29, marking the lowest level in over three years. This decline reflects a significant improvement in the labor market, as reported by Bloomberg's Enda Curran.

Treasuries experienced a decline as new jobless claims in the US unexpectedly fell to their lowest level since 2022, indicating a tightening labor market ahead of the Federal Reserve's upcoming rate decision. This drop in claims suggests that employers are retaining workers despite economic uncertainties.