Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Asian currencies weakened on Wednesday as the U.S. dollar stabilized near three-year lows, driven by market attention on the Federal Reserve’s potential rate cuts and U.S. trade policy deadlines.
The dollar’s gains were limited by rising expectations that the Fed may cut interest rates by September. Treasury Secretary Scott Bessent and Goldman Sachs both anticipate a rate reduction, while the CME FedWatch tool shows a 73.2% probability of a 25 basis point cut. However, Fed Chair Jerome Powell remains cautious, citing inflationary uncertainty from President Trump’s trade tariffs.
The Japanese yen hovered near a one-month low against the dollar, as uncertainty clouded trade talks between Tokyo and Washington. President Trump cast doubt on a Japan deal, warning of potential 30–35% tariffs and threatening formal notice. Meanwhile, he signaled progress on a trade agreement with India that could prevent the country from facing a 26% tariff hike.
The South Korean won fell, with the USDKRW pair up 0.4%, following a slight increase in June inflation—giving the Bank of Korea room to maintain rate cuts. The Chinese yuan and Singapore dollar remained steady, while Australia’s dollar slipped after weaker-than-expected retail sales.
Investor focus also remained on Trump’s sweeping tax and spending cut bill, narrowly approved by the Senate and now awaiting a House vote. Analysts estimate the bill could add $3.3 trillion to the U.S. deficit over the next decade, further complicating the dollar’s outlook.
With a July 9 deadline looming for new tariffs, markets are tense. So far, the U.S. has finalized trade deals with the UK and a limited framework with China. Higher tariffs could disrupt global markets and economic stability across Asia.
