Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
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 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
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 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
The S&P 500 ended slightly lower Wednesday after the Federal Reserve kept interest rates unchanged at 4.25%-4.50% and signaled a slower pace of rate cuts ahead. The Dow fell 44 points (-0.1%), the S&P 500 slipped 0.04%, and the Nasdaq rose 0.1%.
The Fed maintained its projection of two rate cuts in 2025 but revised its outlook for 2026 and 2027. Rates are now expected to fall to 3.6% in 2026 and 3.4% in 2027, up from prior estimates. This hawkish shift reflects ongoing concerns over persistent inflation and economic uncertainty, further complicated by tariffs and policy ambiguity under President Donald Trump.
Economic data showed mixed signals. U.S. housing starts edged up 0.4% in May, but building permits declined, reflecting weakness in the housing market. Jobless claims fell to 245,000 last week, but signs point to a softening labor market.
Geopolitical tensions rose after Iranian Supreme Leader Ayatollah Ali Khamenei rejected Trump’s call for surrender, warning of “irreparable damage” if the U.S. intervenes militarily. Trump hinted at possible strikes but said Iran is open to talks.
Banking stocks moved amid reports that U.S. regulators may lower the enhanced supplementary leverage ratio (ESLR) for major banks like JPMorgan, Goldman Sachs, and Morgan Stanley from 5% to a 3.5%-4.5% range, easing capital requirements.
In corporate news, Peloton gained nearly 2% following successful cost cuts and financing efforts. Hasbro rose after announcing a 3% workforce reduction in response to higher tariffs. Circle Internet Group surged 20% after the Senate passed the GENIUS Act, laying the groundwork for stablecoin regulation—a move seen as pivotal for crypto adoption.
This combination of monetary policy shifts, geopolitical risks, and crypto legislation is keeping markets on edge.
