Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Asian stock markets surged Tuesday following U.S. President Donald Trump’s announcement of a potential ceasefire between Israel and Iran, boosting investor confidence and risk appetite. South Korea’s KOSPI index led regional gains, jumping 2.5% as shares of Samsung Electronics rose 3.5%. Hong Kong’s Hang Seng Index followed with a 1.8% increase, while Japan’s Nikkei 225 climbed nearly 1%, and the TOPIX rose 0.8%.
Trump revealed the tentative ceasefire through a post on Truth Social, outlining a staged plan starting with a 12-hour pause from Iran, followed by a similar move from Israel, leading to a potential end to hostilities within 24 hours. The announcement came just days after U.S. airstrikes on Iranian nuclear facilities and Tehran’s retaliatory missile attack on a U.S. base in Qatar. However, Iranian Foreign Minister Abbas Araghchi stated that no ceasefire had been finalized.
Despite the uncertainty, markets responded positively. China’s Shanghai Composite rose 0.9%, while the CSI 300 gained 1.1%. Southeast Asian markets also advanced, with Singapore’s Straits Times Index up 0.5%, Indonesia’s Jakarta Composite surging over 2%, and the Philippines’ PSEi rallying 2%. India’s Nifty 50 Futures were also up 1% during Asian hours.
Australia’s S&P/ASX 200 gained 1%, supported by strong corporate news. Rio Tinto and Hancock Prospecting announced a joint A$2.4 billion (US$1.61 billion) investment in the Hope Downs 2 iron ore project in Western Australia. Each firm will invest US$800 million, with expected annual output of 31 million tonnes by 2027. Rio Tinto’s shares rose on the news, contributing to broader market optimism.
