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 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
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 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Oil prices remained largely unchanged in Asian trading on Wednesday as markets digested geopolitical developments and mixed demand signals. Brent crude futures for September hovered at $67.09 per barrel, while West Texas Intermediate (WTI) fell 0.1% to $64.06 by 21:00 ET (01:00 GMT). The pause in price movement comes after U.S. President Donald Trump announced that Israel had agreed to a 60-day ceasefire with Hamas, urging the Palestinian group to finalize the deal. A potential ceasefire, following a similar Israel-Iran truce, suggests easing tensions in the Middle East—a region critical to global oil supply. However, reduced geopolitical risk often signals fewer supply disruptions, putting downward pressure on crude markets.
Adding to bearish sentiment, the American Petroleum Institute (API) reported a surprise build in U.S. crude inventories, with stocks rising by 680,000 barrels for the week ending June 27. Analysts had expected a draw of 2.26 million barrels, raising concerns about weaker-than-anticipated fuel demand during the peak summer travel season. This data ends a streak of five consecutive weeks of significant inventory draws and raises questions about consumer sentiment amid inflationary pressures and ongoing trade policy uncertainty.
Investor focus is also shifting to the upcoming OPEC+ meeting scheduled for July 6, where the group is expected to discuss a potential increase in oil output. Meanwhile, Trump’s stance on maintaining trade tariffs ahead of the July 9 deadline adds another layer of market volatility. The evolving geopolitical landscape, coupled with surprising shifts in U.S. oil stockpiles and potential changes in production strategy from OPEC+, continues to shape near-term oil price trends. Traders remain cautious as they await further clarity on demand recovery and policy direction.
