IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Japan’s Service Sector Sustains Growth Momentum in November 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
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 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
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 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
The U.S. dollar strengthened to a near three-month high on Monday as investors awaited crucial economic data to gauge the strength of the U.S. economy and assess whether it could influence the Federal Reserve’s hawkish monetary stance.
The Japanese yen continued to weaken, hovering near an eight-and-a-half-month low, pressured by wide interest rate differentials between the U.S. and Japan. Trading in Asia was subdued due to a public holiday in Japan, leaving most currencies rangebound and pinned near recent lows against the strong greenback.
The euro slipped to a three-month trough at $1.1527, while the British pound fell 0.26% to $1.3136 ahead of the Bank of England’s policy meeting this week, where rates are expected to remain unchanged.
Despite the ongoing U.S. government shutdown, which could delay the release of Friday’s nonfarm payrolls report, traders are focusing on private data such as ADP employment figures and ISM PMIs for clues on the economy’s health. Analysts suggest that unless private data surprises significantly, the Fed is unlikely to rush into further policy changes.
Last week, the Federal Reserve cut interest rates by 25 basis points as expected, but Chair Jerome Powell signaled that it could be the final reduction of the year, stressing caution in adjusting rates without clearer economic indicators. Some Fed officials also voiced discomfort over the latest cut.
Markets have since scaled back expectations for another rate cut in December, now pricing in about a 68% chance. The dollar index edged up to 99.82, its strongest since August. Meanwhile, the yen weakened further to 154.15 per dollar, trading near record lows against the euro at 177.68.
Despite Bank of Japan Governor Kazuo Ueda hinting at a possible rate hike in December, investors remain skeptical of the BOJ’s gradual approach. Analysts warn that as the yen approaches 155 per dollar, pressure may mount for potential intervention to support the currency.
