RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Asian stocks fell on Wednesday, following Wall Street’s downturn, as investors reacted to political instability in France and Japan alongside the deepening U.S. government shutdown. The prolonged closure in Washington sent shockwaves through global markets and drove gold prices to a record high of $4,000 per ounce, reflecting heightened safe-haven demand.
The Japanese yen hovered near eight-month lows at 152.33 per dollar, down over 3% for the week — its steepest decline in a year. Investors awaited fiscal policy signals from Prime Minister-in-waiting Sanae Takaichi, whose unexpected victory over the weekend raised concerns about Japan’s fiscal direction. Analysts now expect the next rate hike to be delayed until 2026, weakening the yen further and sparking speculation of possible intervention by Japanese authorities.
In France, political chaos deepened after Prime Minister Sebastien Lecornu’s resignation, putting pressure on President Emmanuel Macron to either resign or call a snap election. The euro slipped 0.26% to $1.1628, its lowest in a month. The turmoil weighed on the broader MSCI Asia-Pacific index, which dropped 1%, retreating from a 4½-year high. Markets in China and South Korea remained closed for holidays, while Japan’s Nikkei gained 0.35%, just shy of its record peak.
Meanwhile, the U.S. dollar index climbed to its highest level since August, supported by the yen’s weakness and euro’s decline, though sentiment was muted amid the ongoing government shutdown entering its eighth day.
In commodities, gold soared past $4,000, up over 50% this year, as traders priced in 45 basis points of U.S. rate cuts in 2025. Thierry Wizman of Macquarie Group called gold’s rally a hedge against a potential “AI tech boom collapse” and a warning of inflationary risks tied to global debt.
The New Zealand dollar also dropped 1% after the central bank’s surprise 50-basis-point rate cut, signaling concern over its fragile economy.
