Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Oil prices edged lower in early Asian trading on Thursday, easing after a sharp rally fueled by escalating tensions between the U.S. and Iran. Brent crude futures dipped 0.4% to $69.47 a barrel, while West Texas Intermediate (WTI) fell 0.4% to $67.95, retracing part of Wednesday’s 4% surge.
The previous session’s rally was driven by geopolitical risks after the U.S. authorized voluntary departures of military dependents from bases in Bahrain and Kuwait. This move, amid rising tensions with Iran, sparked fears of potential disruptions to crude supply across the Gulf—a key global oil hub. U.S. President Donald Trump expressed doubt about reaching a nuclear deal with Iran, warning that military options remain if talks fail. Iran's defense minister responded by threatening retaliation against U.S. bases in the region.
Oil markets reacted swiftly to the heightened risk of conflict, as any escalation could impact key shipping lanes and energy infrastructure, adding a geopolitical risk premium to crude prices.
Meanwhile, investor sentiment was also influenced by progress in U.S.-China trade negotiations. President Trump stated that a framework deal is “done,” pending final approval by him and Chinese President Xi Jinping. The deal includes export licenses for China’s rare earth minerals and allows Chinese students to remain in the U.S., while maintaining existing tariffs on both sides.
Trump also noted that letters will soon be sent to major trade partners, outlining “take it or leave it” terms ahead of a July 9 deadline tied to the suspension of broader “liberation day” tariffs.
The easing of trade uncertainty has improved the global economic outlook, potentially boosting future oil demand. However, geopolitical risks remain a key driver of near-term price volatility.
