European Stocks Rise as Markets Await Key U.S. Inflation Data 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Asian currencies traded in narrow ranges on Tuesday, while the U.S. dollar strengthened as upcoming trade talks between Washington and Beijing helped ease fears of a renewed trade war. The Japanese yen weakened further, extending losses from Monday amid expectations that fiscal dove Sanae Takaichi will become Japan’s next prime minister. A parliamentary vote later today is expected to confirm her leadership, solidifying forecasts of increased fiscal stimulus and looser spending policies.
Asian markets initially declined on renewed U.S.-China tensions, but optimism returned following conciliatory comments from U.S. officials, boosting regional currencies. Dovish remarks from Federal Reserve policymakers also fueled speculation of an October interest rate cut. However, lingering uncertainty about the U.S. economy, compounded by a government shutdown delaying key economic data, left investors cautious ahead of the Fed’s upcoming meeting. The dollar index and its futures both edged up 0.1% in Asian trade as investors sought safety.
The Chinese yuan (USD/CNY) traded flat but remained firm following strong midpoint fixes by the People’s Bank of China. Markets focused on potential progress in trade dialogue after U.S. President Donald Trump signaled optimism, saying tariffs on China were “not sustainable” and expressing hope for a fair deal with President Xi Jinping. Still, U.S. Trade Representative Jamieson Greer’s remarks on China’s “economic coercion” over rare earth exports tempered market enthusiasm.
Elsewhere, the Australian dollar (AUD/USD) slipped 0.1% despite Canberra signing a major critical minerals agreement with Washington. The South Korean won (USD/KRW) rose 0.2%, the Singapore dollar (USD/SGD) gained 0.1%, and the Taiwan dollar (USD/TWD) strengthened 0.2%. Indian markets remained closed for a public holiday.
