Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Oil prices retreated slightly in Asian trading on Thursday after reaching seven-week highs, as markets weighed an unexpected drop in U.S. crude inventories against rising geopolitical risks tied to Russia. As of 21:23 ET (01:23 GMT), Brent crude futures for November delivery slipped 0.3% to $69.09 per barrel, while West Texas Intermediate (WTI) crude fell 0.4% to $64.72 per barrel.
The pullback followed strong gains in the previous session, when both benchmarks surged more than 2% after the U.S. Energy Information Administration (EIA) reported a surprise draw in oil stockpiles. According to the EIA, U.S. crude inventories fell by 607,000 barrels in the week ending September 19, defying analyst forecasts for a build of around 800,000 barrels. Gasoline inventories dropped by 1.1 million barrels to 216.6 million, while distillate fuel supplies, including diesel and heating oil, declined by 1.7 million barrels to 123 million. The declines were attributed to stronger refinery runs and a modest uptick in demand.
Beyond inventory data, geopolitical tensions remain a key driver of oil markets. U.S. President Donald Trump delivered a sharper warning to European nations over reliance on Russian oil during his address at the United Nations, raising the prospect of new sanctions that could target Russia’s energy exports. Although no immediate measures were announced, the hawkish rhetoric heightened fears of supply disruptions. Recent Ukrainian strikes on Russian energy infrastructure have also fueled concerns of reduced Russian oil flows, keeping a risk premium in place.
While supply-side pressures and geopolitical uncertainty continue to support prices, profit-taking after sharp gains limited further upside in Asian trading. Market watchers are closely monitoring U.S. policy signals and developments in Russia, with expectations that ongoing tensions could maintain volatility in crude markets.
