Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation 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 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
China’s State Council introduced a special action plan on Sunday to stimulate domestic consumption, aiming to strengthen household spending and counter deflationary pressures. The plan includes income-boosting measures, a childcare subsidy system, and efforts to stabilize the stock market.
Consumer demand in China has struggled due to COVID-19 disruptions and a prolonged property slump, reducing household spending and increasing reliance on exports and investment. The new plan follows Premier Li Qiang’s recent push to prioritize consumer-driven growth.
Key measures include increasing urban and rural incomes, improving farmers’ earnings through housing reforms, and encouraging community-run childcare services. The plan also promotes flexible employment, expands paediatric outpatient services, and ensures workers' rights by encouraging paid vacation days and short holidays.
Authorities are also considering raising financial subsidies for pensions and expanding visa-free travel to attract more tourists. While the plan outlines broad strategies, it lacks specifics on funding and implementation details for local governments.
With China’s economy facing mounting pressure, this initiative aims to reduce reliance on exports, support consumer-driven growth, and stabilize financial markets. However, its success will depend on how effectively local governments translate policy into action.
